Midwest-based Fund Acquires Three-Building Retail And Office Portfolio In Merrillville For $6.9M
$6,900,000
Building Size
—
Asset Type
Package Deal
Closing
Apr 21, 2026
AI
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:
- Property Type: Package Deal
- Transaction Amount: $6,900,000
- Seller: Time Equities
- Brokers: Brett Berlin & Daniel Waszak - Quantum Real Estate Advisors
- Market: Merrillville, IN
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
Market Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93