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
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