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
About this deal
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.
On the Map
$2,372,727
Retail
View full map
Players
Bluffton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Bluffton retail sales on Traded.
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