Dan Cooper Of Cooper Commercial Investment Group Brokers $10.9M Sale Of Market Square Shopping Center
2200 Elmwood Avenue
$10,900,000
$82/SF
Building Size
132,000 SF
Asset Type
Retail
Closing
Dec 16, 2024
About this deal
AI
The transaction involves the sale of a retail property located at 2200 Elmwood Avenue in Lafayette, IN. The asset spans 132,000 square feet on a 20-acre lot and was sold for $10,900,000, equating to $83 per square foot. The property is currently 84% leased with tenants that include Dollar General, Indiana BMW, and Arni’s Pizza.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,900,000
- Sale Date: 12/16/2024
- Sales Broker: Dan Cooper - Cooper Commercial Investment Group
- Location: Lafayette, IN
- Square Footage: 132,000
- Acres: 20
- Price per Square Foot: $83
Dan Cooper from Cooper Commercial Investment Group represented the sale of Market Square Shopping Center in Lafayette, IN. The center’s diverse tenant mix and strategic location are significant aspects of this closed transaction.
Players
Lafayette 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
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93