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
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