Big V Property Group Acquires Retail Asset In Carmel, IN For $37M
SOLD
$37,000,000
Indiana
See Similar DealsRetail251,433 SF
Sold 02/05/2024
SOLD
Big V Property Group Acquires Retail Asset In Carmel, IN For $37M
2140 East 116th Street
See Similar DealsRetail251,433 SF
Sold 02/05/2024
Summary
INDIANA
Asset Type:Retail
Price Per Square Foot:$147
Total Square Footage:251,433 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,973,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$131,453.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$175,398.88
Annual Debt Service$2,104,786.52
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