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
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