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1600 Veterans Parkway

SRS Real Estate Partners Represents Seller And Buyer In $14.1M Retail Sale In Jeffersonville
SOLDRetail

SRS Real Estate Partners Represents Seller And Buyer In $14.1M Retail Sale In Jeffersonville

1600 Veterans Parkway

$14,100,000

$222/SF

Building Size

63,281 SF

Asset Type

Retail

Closing

Apr 30, 2025

AI

The asset involved in the transaction is a retail property located at 1600 Veterans Parkway, Jeffersonville, IN. The sale was finalized on April 30, 2025, with a sale price of $14,100,000. The property encompasses a total square footage of 63,281, resulting in a price per square foot of $223.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $14,100,000
  • Sale Date: April 30, 2025
  • Address: 1600 Veterans Parkway
  • Market: Jeffersonville, IN
  • Square Footage: 63,281
  • Price per Square Foot: $223

This transaction was facilitated by brokers Frank Rogers and Michael Carter from SRS Real Estate Partners. They represented both the Indiana-based seller and the California-based buyer in the deal involving three single-tenant retail outparcels at Jeffersonville Town Center, which are leased to Academy Sports, Chipotle, and 7 Brew Coffee.

Players

Michael Carter

SRS Real Estate Partners

Broker

$34.7M

vol

5 deals

Broker

Jeffersonville 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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93