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155 Melody Avenue

Indiana-Based Seller Sells 33,511-SF Retail Property In Greenwood For $3.8M With Marcus & Millichap
SOLDRetail

Indiana-Based Seller Sells 33,511-SF Retail Property In Greenwood For $3.8M With Marcus & Millichap

155 Melody Avenue

$3,800,000

$113/SF

Building Size

33,511 SF

Asset Type

Retail

Closing

Sep 15, 2025

AI

A retail asset located at 155 Melody Avenue in Greenwood, IN, was sold for $3,800,000. The property, which encompasses 33,511 square feet, is home to a Caliber Collision auto repair center with over three years remaining on a double-net lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,800,000
  • Square Footage: 33,511
  • Price Per Square Foot: $113
  • Sale Date: 09/15/2025
  • Address: 155 Melody Avenue, Greenwood, IN
  • Seller Location: Indiana
  • Buyer Location: Illinois

The transaction was facilitated by brokers from Marcus & Millichap, specifically Mitch Grant, Nicholas Kanich, Josh Caruana, Dominic Sulo, Ryan Engle, and Andrean Angelov, representing the seller in this deal.

Players

Dominic Sulo

Marcus & Millichap

Broker

$148.8M

vol

22 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Greenwood Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93