Nora LLC & PP Nora LLC Acquire Retail Property In Indianapolis For $3.7M
1505 E 86th St, Indianapolis, Indiana, USA
$3,700,000
$234/SF
Building Size
15,800 SF
Asset Type
Retail
Closing
Mar 15, 2021
AI
A retail property located at 1505 E. 86th St. in Indianapolis, IN has been sold for a price of $3,700,000. The transaction took place on March 16, 2021. The property is owned by Westfield Pointe LLC and was purchased by Nora LLC and PP Nora LLC.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,700,000
- Address: 1505 E. 86th St., Indianapolis, IN
- Market: Indianapolis, IN
Jordan Klink, representing The Klink Group at Marcus & Millichap, facilitated the deal as the broker for both the buyer and the seller.
Players
Indianapolis Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93