Quantum Real Estate Advisors Inc. Brokers $7M Retail Sale In Merrillville, IND
SOLD
$7,000,000
Indiana
See Similar DealsRetail189,704 SF
Sold 05/21/2020
SOLD
Quantum Real Estate Advisors Inc. Brokers $7M Retail Sale In Merrillville, IND
6001 Broadway, Merrillville, IN, USA
See Similar DealsRetail189,704 SF
Sold 05/21/2020
Summary
INDIANA
Asset Type:Retail
Price Per Square Foot:$36
Total Square Footage:189,704 SF
Transaction Type:Sale
A retail property located at 6001-6091 Broadway St in Merrillville, IND has been sold for $7,000,000. The transaction took place on 05/21/2021. The property is situated in a prime location and offers a great opportunity for retail businesses in the area.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,000,000
- Address: 6001-6091 Broadway St, Merrillville, IND
- Market: Merrillville, IND
The sale was facilitated by Jason Lenhoff from Quantum Real Estate Advisors Inc. Jason Lenhoff represented the seller and played a key role in the successful completion of the transaction. Quantum Real Estate Advisors Inc is a trusted agency known for their expertise in the real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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