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 property asset involved in the transaction is located at 7506 North Shadeland Avenue, Indianapolis. The asset type is classified as retail, and the total transaction price reached $2,440,000.00. The property encompasses a substantial area of 13,379 square feet.
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
- Broker: Alejandro Snyder - Current Real Estate Advisors
Alejandro Snyder represented Current Real Estate Advisors in this transaction, facilitating the deal between the buyer, L2 Partners, and the seller, Sunbeam Properties & Development.
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