Slate Grocery REIT Acquires Retail Property In Indianapolis For $8.5M
2629 E 65th St, Indianapolis, IN, USA
$8,500,000
$81/SF
Building Size
104,679 SF
Asset Type
Retail
Closing
Jul 19, 2020
About this deal
AI
The retail property located at 2629 E 65th St in Indianapolis has been sold for a price of $8,500,000. The property spans a total square footage of 104,679, resulting in a price per square foot of $81. The sale took place on July 19, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,500,000
The buyer of the property was Slate Grocery REIT, represented by David Dunn. Slate Grocery REIT is a prominent player in the commercial real estate market. Their involvement in this transaction highlights their continued investment in the retail sector in Indianapolis.
On the Map
$8,500,000
$81/SF
Retail
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Players
Indianapolis 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93