Quantum Real Estate Advisors Inc. Brokers $7M Retail Sale In Merrillville, IND
6001 Broadway, Merrillville, IN, USA
$7,000,000
$36/SF
Building Size
189,704 SF
Asset Type
Retail
Closing
May 21, 2020
AI
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.
Players
Merrillville 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93