Kaden Companies Acquires Retail Property From Eastland Plaza LLC In Bloomington For $22.5M
2560 East 3rd Street
$22,500,000
$180/SF
Building Size
125,000 SF
Asset Type
Retail
Closing
Jan 13, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 2500-2560 East 3rd Street in Bloomington, IN. The sale occurred on January 13, 2026, with a transaction amount of $22,500,000. The asset encompasses 12 acres and has a total square footage of 125,000, resulting in a price per square foot of $180.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,500,000
- Address: 2500-2560 East 3rd Street
- Market: Bloomington, IN
- Acres: 12
- Square Footage: 125,000
- Price Per Square Foot: $180
- Buyer: Kaden Companies
- Seller: Eastland Plaza LLC
- Broker: Rebecca Wells - Cushman & Wakefield
This transaction involved Kaden Companies as the buyer, purchasing the property from Eastland Plaza LLC. The deal was facilitated by broker Rebecca Wells from Cushman & Wakefield, representing the interests of the buyer in this closed transaction.
Bloomington 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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93