Urban Growth Capital Acquires Office Building In Indianapolis From Valley Equity Group For $3.5M
SOLD
$3,525,000
Indiana
See Similar DealsOffice43,000 SF
Sold 11/16/2022
SOLD
Urban Growth Capital Acquires Office Building In Indianapolis From Valley Equity Group For $3.5M
6855 Shore Terrace Indianapolis, IN 46254, USA
See Similar DealsOffice43,000 SF
Sold 11/16/2022
Summary
INDIANA
Asset Type:Office
Price Per Square Foot:$82
Total Square Footage:43,000 SF
Transaction Type:Sale
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.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$187,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,523.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,710.30
Annual Debt Service$200,523.58
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