War Chest Real Estate Acquires Retail Property In Muncie, Indiana For $14.6M
SOLD
$14,600,000
+ 1
Indiana
See Similar DealsRetail77,871 SF
Sold 09/14/2022
SOLD
War Chest Real Estate Acquires Retail Property In Muncie, Indiana For $14.6M
600 East Mcgalliard Road, Muncie, Indiana 47303, United States
See Similar DealsRetail77,871 SF
Sold 09/14/2022
+ 1
Summary
INDIANA
Asset Type:Retail
Price Per Square Foot:$187
Total Square Footage:77,871 SF
Transaction Type:Sale
War Chest Real Estate LLC has acquired a retail property located at 600 E McGalliard Rd in Muncie, Indiana. The property, spanning 77,871 square feet, was sold by AlbaneseCormier Holdings LLC for a total of $14,600,000. The sale price equates to approximately $187 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,600,000
- Date: 09/14/2022
- Address: 600 E McGalliard Rd
- Market: Muncie, Indiana
The brokerage firm JLL facilitated the transaction, with Amy Sands, Clinton Mitchell, Michael Nieder, and Tim Murray representing both the buyer, War Chest Real Estate LLC, and the seller, AlbaneseCormier Holdings LLC.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$778,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,870.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$69,211.45
Annual Debt Service$830,537.38
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