Nora LLC & PP Nora LLC Acquire Retail Property In Indianapolis For $3.7M
SOLD
$3,700,000
Indiana
See Similar DealsRetail15,800 SF
Sold 03/16/2021
SOLD
Nora LLC & PP Nora LLC Acquire Retail Property In Indianapolis For $3.7M
1505 E 86th St, Indianapolis, Indiana, USA
See Similar DealsRetail15,800 SF
Sold 03/16/2021
Summary
INDIANA
Asset Type:Retail
Price Per Square Foot:$234
Total Square Footage:15,800 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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