L2 Partners Acquires Retail Asset From Sunbeam Properties & Development For $2,440,000 In Indianapolis
7506 North Shadeland Avenue
$2,440,000
$182/SF
Building Size
13,379 SF
Asset Type
Retail
Closing
Jun 19, 2020
About this deal
AI
The asset involved in this transaction is a retail property located at 7506 North Shadeland Avenue in the Indianapolis market. The transaction was completed for a price of $2,440,000.00 and encompasses a total square footage of 13,379.0.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,440,000.00
- Address: 7506 North Shadeland Avenue
- Market: Indianapolis
- Square Footage: 13,379.0
- Buyer: L2 Partners
- Seller: Sunbeam Properties & Development
- Brokers: Alejandro Snyder (Current Real Estate Advisors)
Representing the buyer in this transaction was L2 Partners, while Sunbeam Properties & Development sold the asset. The broker involved in facilitating the deal was Alejandro Snyder from Current Real Estate Advisors.
Players
Indianapolis 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
6.50%
Cash-on-Cash
-1.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93