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
Jeffersonville 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93