Marcus & Millichap Brokers $4.2 Million Sale Of Crossroads Plaza In Merrillville Indiana
6154 Broadway
$4,200,000
$22/SF
Building Size
184,721 SF
Asset Type
Retail
Closing
Feb 5, 2025
AI
The asset involved in the transaction is a retail property located at 6154 Broadway, Merrillville, IN. The property encompasses a total of 184,721 square feet and sold for $4,200,000, which translates to a price per square foot of $23.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,200,000
- Square Footage: 184,721
- Address: 6154 Broadway
- Market: Merrillville, IN
Marcus & Millichap represented the transaction, with brokers Adam Sklaver, Andrew Margulies, Eric Abbott, Josh Caruana, and Philip Kates involved in the deal. The property is anchored by Ruler Foods, Trader Buck’s, and Treasure Hunt Deals, with additional tenants including Family Dollar, Subway, Papa Johns, and Rent-A-Center.
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93