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Dan Cooper Of Cooper Commercial Investment Group Brokers $10.9M Sale Of Market Square Shopping Center

Property Image
SOLD
$10,900,000

Indiana

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Retail132,000 SF
Sold 12/16/2024
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Property Image
SOLD

Dan Cooper Of Cooper Commercial Investment Group Brokers $10.9M Sale Of Market Square Shopping Center

2200 Elmwood Avenue

See Similar Deals
Retail132,000 SF
Sold 12/16/2024
the dealplayerscompscontact
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Summary

INDIANA
Asset Type:Retail
Price Per Square Foot:$82
Total Square Footage:132,000 SF
Transaction Type:Sale

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

Dan Cooper
Cooper Group
Dan Cooper
21 deals$119.8M volume
BROKER

Details

SOLD
IMAGE: 12/16/2024 ADDRESS: 2200 Elmwood Avenue MARKET: Lafayette, IN ASSET TYPE: Retail ~ ACRES: 20 BROKER: Dan Cooper - Cooper Commercial Investment Group SALE PRICE: $10,900,000 SF: 132,000 ~ PPSF: $83 NOTE: Cooper Commercial Investment Group brokered the $10.9M sale of Market Square Shopping Center in LaFayette, IN, a 132,000 sq. ft. retail property. The 84% leased center, located on 20 acres, includes tenants such as Dollar General, Indiana BMW, and Arni’s Pizza.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$581,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$38,725.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,671.56
Annual Debt Service$620,058.73