Physician Real Estate Capital Advisors Acquires Life Sciences Property In Merrillville, Indiana For $4.1M
9001 Broadway, Merrillville, Indiana 46410, United States
$4,100,000
$264/SF
Building Size
15,504 SF
Asset Type
Other
Closing
Jul 4, 2022
AI
The Life Sciences property located at 9001 Broadway in Merrillville, Indiana has been sold for a total price of $4,100,000. The transaction was captured in an image shared on Instagram by Scott Niedergang on 07/05/2022.
Summary of transation details
- Property Type: Life Sciences
- Transaction Amount: $4,100,000
- Property Address: 9001 Broadway, Merrillville, Indiana
- Market: Merrillville, Indiana
- Square Footage: 15,504 SF
- Price Per Square Foot: $264
- Brokers: Scott Niedergang - Physician Real Estate Capital Advisors (PRECAP); JDS Real Estate Services, Inc.
Scott Niedergang, representing Physician Real Estate Capital Advisors (PRECAP), and JDS Real Estate Services, Inc. acted as the brokers in this transaction. They facilitated the successful sale of the Life Sciences property located at 9001 Broadway, Merrillville, Indiana.
Players
Merrillville Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93