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Marcus & Millichap Facilitates $2.7M Sale Of Merrillville Retail Center
SOLD
$2,700,000
Indiana
See Similar DealsRetail29,335 SF
Sold 01/12/2024
SOLD
Marcus & Millichap Facilitates $2.7M Sale Of Merrillville Retail Center
2871 East 81st Avenue
See Similar DealsRetail29,335 SF
Sold 01/12/2024
Summary
INDIANA
Asset Type:Retail
Price Per Square Foot:$92
Total Square Footage:29,335 SF
Transaction Type:Sale
Marcus & Millichap facilitated the $2.7 million sale of a 29,335-square-foot retail center located at 2871 East 81st Avenue in Merrillville, IN. The retail center was sold for a price of $92 per square foot.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $2,700,000
- Address: 2871 East 81st Avenue, Merrillville, IN
- Market: Merrillville, IN
Austin Weisenbeck, Sean Sharko, and Adrian Mendoza from Marcus & Millichap were the brokers who represented the parties involved in the transaction.
NOTE: Marcus & Millichap played a key role in the sale of the retail center, which spans a total of 29,335 square feet.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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