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Valuecom22 LLC Acquires Retail Asset From Eureka Limited Company In Bluffton For $2.37M
SOLD
$2,372,727
Indiana
See Similar DealsRetail
Sold 11/13/2024
SOLD
Valuecom22 LLC Acquires Retail Asset From Eureka Limited Company In Bluffton For $2.37M
1975 North Main Street
See Similar DealsRetail
Sold 11/13/2024
Summary
INDIANA
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$126,545.44
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,429.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,247.94
Annual Debt Service$134,975.24
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