Retail Property In Plainfield, IN Sold For $4.9M By Blaise Bennett & BJ Feller - Stan Johnson Co
SOLD
$4,900,000
Indiana
See Similar DealsRetail26,000 SF
Sold 02/15/2021
SOLD
Retail Property In Plainfield, IN Sold For $4.9M By Blaise Bennett & BJ Feller - Stan Johnson Co
2230 Stafford Road, Plainfield, IN, USA
See Similar DealsRetail26,000 SF
Sold 02/15/2021
Summary
INDIANA
Asset Type:Retail
Price Per Square Foot:$188
Total Square Footage:26,000 SF
Transaction Type:Sale
A 26,000 square foot retail property located at 2230 Stafford Road in Plainfield, IN has been sold for $4,900,000. The property was listed by Blaise Bennett and BJ Feller from Stan Johnson Co. and the sale was completed on February 15, 2021. The property features a price per square foot of $188.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,900,000
- Address: 2230 Stafford Road, Plainfield, IN
- Market: Plainfield, IN
- Square Footage: 26,000
Blaise Bennett and BJ Feller from Stan Johnson Co. represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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