MPPSC, LLC Acquires Retail Center In Greenwood, Indiana For $5.5M With Merrill Group Representation

A 31,600-square-foot neighborhood retail center located at 3115 Meridian Parke Drive in Greenwood, Indiana, has been sold for $5.5 million. The transaction reflects a price per square foot of $174 and closed at a 7% cap rate.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $5,500,000
• Buyer: MPPSC, LLC
• Seller: 4494 Equity Investments, LLC
• Buyer's Representative: Merrill Group
• Seller's Representative: George Stecz - Equity Commercial Real Estate Solutions
• IRR to Seller: 23%

This transaction was managed with Equity Commercial Real Estate Solutions representing the seller while Merrill Group represented the buyer in the asset transfer, facilitating the deal effectively for both parties.