Urban Growth Capital Acquires Office Building In Indianapolis From Valley Equity Group For $3.5M
6855 Shore Terrace Indianapolis, IN 46254, USA
$3,525,000
$82/SF
Building Size
43,000 SF
Asset Type
Office
Closing
Nov 16, 2022
About this deal
AI
The office property located at 6855 Shore Terrace in Indianapolis has been sold in a transaction. The property spans approximately 43,000 square feet and was sold for a price of $3,525,000, resulting in a price per square foot of $82.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $3,525,000
- Square Footage: 43,000
- Address: 6855 Shore Terrace, Indianapolis
The buyer in this transaction is Urban Growth Capital, represented by Nick Carmen. On the other hand, the seller is Valley Equity Group, represented by Andy Ward.
On the Map
$3,525,000
$82/SF
Office
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Players
Indianapolis Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.50%
Cash-on-Cash
-1.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93