Essential Growth Properties Secures $25.2M Acquisition Loan For Riverdale, GA & Indianapolis, IN Retail
4401 East 10th Street, Indianapolis, Indiana 46201, United States
$25,200,000
Building Size
—
Asset Type
Retail
Closing
Nov 1, 2022
AI
Essential Growth Properties has completed an acquisition loan for a retail property located at 7125 GA-85 in Riverdale, GA and 4401 E 10th St in Indianapolis, IN. The loan amount for this transaction was $25,200,000. The property is situated in the retail market of Riverdale, GA and Indianapolis, IN.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $25,200,000
- Address: 7125 GA-85, Riverdale, GA & 4401 E 10th St, Indianapolis, IN
- Market: Riverdale, GA & Indianapolis, IN
Sunny Sajnani and Duke Dennis from Marcus & Millichap represented Essential Growth Properties in this acquisition loan deal.
Players
Indianapolis Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93