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6154 Broadway

Marcus & Millichap Brokers $4.2 Million Sale Of Crossroads Plaza In Merrillville Indiana
SOLDRetail

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

Adam Sklaver

Marcus & Millichap

Broker

$47.8M

vol

11 deals

Broker

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