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1975 North Main Street

Valuecom22 LLC Acquires Retail Asset From Eureka Limited Company In Bluffton For $2.37M
SOLDRetail

Valuecom22 LLC Acquires Retail Asset From Eureka Limited Company In Bluffton For $2.37M

1975 North Main Street

$2,372,727

Building Size

Asset Type

Retail

Closing

Nov 13, 2024

AI

The property asset involved in the transaction is a retail site located at 1975 North Main Street in Bluffton, Indiana, encompassing 1.89 acres. The sale was finalized for a total transaction amount of $2,372,727. The property is net-leased to Walgreens.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,372,727
  • Address: 1975 North Main Street
  • Market: Bluffton, IN
  • Acres: 1.89
  • Buyer: Valuecom22, LLC
  • Seller: Eureka Limited Company
  • Brokers: David Klink & Jordan Klink - Marcus & Millichap

Marcus & Millichap facilitated the transaction by securing an out-of-state 1031 exchange buyer for the property. Jordan and David Klink represented the seller, Eureka Limited Company, and successfully sourced the buyer, Valuecom22, LLC.

Players

Jordan Klink

Marcus & Millichap

Broker

$14.4M

vol

6 deals

Broker

Bluffton 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

6.69%

Cash-on-Cash

-1.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93