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703 East Main Street

Julia Evinger Of Marcus & Millichap Represents Buyer In $5.8M Sale Of Creekside Centre
SOLDRetail

Julia Evinger Of Marcus & Millichap Represents Buyer In $5.8M Sale Of Creekside Centre

703 East Main Street

$5,800,000

$382/SF

Building Size

15,168 SF

Asset Type

Retail

Closing

Dec 9, 2024

AI

The property involved in the transaction is a retail strip center located at 703-717 East Main Street in Westfield, IN. It consists of 15,168 square feet and was sold for $5,800,000, which amounts to $382 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,800,000
  • Square Footage: 15,168 SF
  • Address: 703-717 East Main Street
  • Market: Westfield, IN
  • Price Per Square Foot: $382

Julia Evinger from Marcus & Millichap represented the buyer in this transaction, which included a 1031 exchange. The retail center features tenants such as Riverview Health, Titus Orthodontics, Bumble Kids, and Domino's.

Players

Julia Evinger

Marcus & Millichap

Broker

$9.3M

vol

4 deals

Broker

Westfield 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

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93