Timber Development Corp Acquires Cass Commons Shopping Center In Logansport For $2M
3900 Lexington Road
$2,000,000
$100/SF
Building Size
20,000 SF
Asset Type
Retail
Closing
Nov 20, 2025
About this deal
AI
The retail asset involved in this transaction is located at 3900 Lexington Road in Logansport, Indiana. Timber Development Corp acquired the property, known as Cass Commons Shopping Center, for a sale price of $2 million. The center comprises 20,000 square feet and is shadow-anchored by Walmart, featuring tenants such as Maurice’s, Great Clips, and Buffalo Wild Wings.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,000,000
- Address: 3900 Lexington Road
- Market: Logansport, IN
- Square Footage: 20,000
- Price Per Square Foot: $100
- Buyer: Timber Development Corp
- Broker: Daniel Waszak - Quantum Real Estate Advisors
Daniel Waszak from Quantum Real Estate Advisors acted as the broker in this transaction, facilitating the acquisition of the shopping center for Timber Development Corp, aligning the buyer's interests with this strategic investment in the retail market.
On the Map
$2,000,000
$100/SF
Retail
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Players
Logansport 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93