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Hanley Investment Group Arranges Sale Of Retail Portfolio In Fishers & McCordsville For $30.5M

Property Image
SOLD
$30,500,000

Indiana

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Retail83,000 SF
Sold 01/22/2026
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Property Image
SOLD

Hanley Investment Group Arranges Sale Of Retail Portfolio In Fishers & McCordsville For $30.5M

Retail83,000 SF
Sold 01/22/2026
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Summary

Asset Type:Retail
Price Per Square Foot:$367
Total Square Footage:83,000 SF
Transaction Type:Sale

The transaction involved the sale of a retail portfolio situated in Fishers & McCordsville, Indiana, comprising four neighborhood retail centers with a total square footage of nearly 83,000 SF. The sale concluded on January 22, 2026, with a total transaction amount of $30,500,000, resulting in a price per square foot of $367.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $30,500,000
  • Sale Date: 01/22/2026
  • Location: Fishers & McCordsville, IN
  • Total Square Footage: 83,000 SF
  • Price per Square Foot: $367
  • Brokers: Dylan Mallory & Jeff Lefko - Hanley Investment Group; Bryan Belk - Franklin Street

Hanley Investment Group facilitated the sale, highlighting the strong demand for retail properties in central Indiana, with all properties fully occupied by a mix of national and local tenants. The transaction reflects stable performance across high-traffic submarkets, showcasing the viability of daily-needs retail in the area.

Players

Jeff Lefko
88 deals$611.2M volume
BROKER

Dylan Mallory
Hanley Investment Group
6 deals$48.6M volume
BROKER

Bryan Belk
Franklin Street
11 deals$167.6M volume
BROKER

Details

SOLD
IMAGE: 01/22/2026 ADDRESS: Retail Portfolio MARKET: Fishers & McCordsville, IN ASSET TYPE: Retail BROKERS: Dylan Mallory & Jeff Lefko - Hanley Investment Group; Bryan Belk - Franklin Street SALE PRICE: $30,500,000 SF: 83,000 ~ PPSF: $367 NOTE: Hanley Investment Group arranged the sale of four Indianapolis-area neighborhood retail centers totaling nearly 83,000 SF for over $30.5M, including Brookschool Plaza, Sunblest Shoppes, Geist Corner, and Geist Landing.All properties were fully occupied with national and local tenants, highlighting strong investor demand for daily-needs retail in central Indiana and consistent performance across stable, high-traffic submarkets.

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

$1,626,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$108,360.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$144,585.56
Annual Debt Service$1,735,026.72