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Midwest-based Fund Acquires Three-Building Retail And Office Portfolio In Merrillville For $6.9M

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SOLD
$6,900,000

Indiana

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Package Deal
Sold 04/21/2026
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Property Image
SOLD

Midwest-based Fund Acquires Three-Building Retail And Office Portfolio In Merrillville For $6.9M

Package Deal
Sold 04/21/2026
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Summary

Asset Type:Package Deal
Transaction Type:Sale

A package deal consisting of a three-building retail and office portfolio located in Merrillville, Indiana, was sold for $6,900,000. The properties are part of a value-add strategy where the buyer plans to invest additional capital for repositioning. The sale reflects a significant transaction within the market, focusing on enhancing the assets' potential.

Summary of transaction details:

The transaction involved a Midwest-based fund acquiring the properties, with Quantum Real Estate Advisors representing Time Equities in the deal. The brokerage team consisted of Brett Berlin and Daniel Waszak, who facilitated the sale and supported the strategic direction of the assets during the transaction process.

Players

Daniel Waszak
15 deals$74.4M volume
BROKER

Brett Berlin
Quantum Real Estate Advisors
12 deals$55.2M volume(312) 683-9923
BROKER

Time Equities
SELLER

Details

SOLD
IMAGE: 04/21/2026 ADDRESS: Portfolio MARKET: Merrillville, IN ASSET TYPE: Package Deal SELLER: Time Equities BROKERS: Brett Berlin & Daniel Waszak - Quantum Real Estate Advisors SALE PRICE: $6,900,000 NOTE: Quantum Real Estate Advisors brokered the $6.9 million sale of a three-building retail and office portfolio in Merrillville, Indiana, on behalf of seller Time Equities Inc..A Midwest-based fund acquired the value-add assets and plans to invest additional capital to reposition the properties.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$367,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,514.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,709.52
Annual Debt Service$392,514.24