SOLDRetail
Big V Property Group Acquires Retail Asset In Carmel, IN For $37M
2140 East 116th Street
$37,000,000
$147/SF
Building Size
251,433 SF
Asset Type
Retail
Closing
Feb 5, 2024
About this deal
AI
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $37,000,000
- Square Footage: 251,433
- Price per Square Foot: $147
- Address: 2140 East 116th Street, Carmel, IN
- Buyer: Big V Property Group
- Buyer Representatives: Eric Zimmermann, Jeffery Rosenberg & Tony D'Ambrosio - Big V Property Group
Players
Carmel 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93