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BC Wood Properties Acquires Retail Center Coolwood Plaza In Valparaiso For $12.4M
SOLD
$12,400,000
Indiana
See Similar DealsRetail
Sold 06/26/2025
SOLD
BC Wood Properties Acquires Retail Center Coolwood Plaza In Valparaiso For $12.4M
2252 East Morthland Drive
See Similar DealsRetail
Sold 06/26/2025
Summary
INDIANA
Asset Type:Retail
Transaction Type:Sale
The recent transaction involved the sale of a retail asset located at 2252 East Morthland Drive in Valparaiso, IN. The property, known as Coolwood Plaza, was sold for $12,400,000 and is anchored by Strack & Van Til, featuring a total of 11 tenants.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,400,000
- Buyer: BC Wood Properties
- Seller: Weiss Entities LLC
- Brokers: Mitchell Kiven & Nicholas Kanich - Marcus & Millichap
Mitchell Kiven and Nicholas Kanich acted as the representatives for the seller, Weiss Entities LLC, with Kiven successfully securing the buyer, BC Wood Properties, in this retail property transaction.
Players
BROKERAGE
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$661,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,054.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,782.33
Annual Debt Service$705,387.91
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