Listed by Riser Retail Group Carmel
$17,200,000
Two Property Portfolio - Indianapolis, IN
Details
APN 8053382
Property Type Retail
Square Footage 113,567
Cap Rate 8.04%
NOI $1,382,580
Occupancy 100%
Lease Type NNN
Price per SqFt $151
Year Built 1984
Stories 1
Ground Lease No
Two Property Portfolio | Castleton Square & Castleton Pavilion | Combined CAP: 8.04%
Marketing description
- Excellent regional access from I-465
- NNN leases with scheduled rent increases
- Directly adjacent to Castleton Square Mall — the largest mall in Indiana
- 100% occupied across both centers
- Blended cap rate: approximately 8.04%
- Below-market rents provide potential upside
Listing Contacts
Listed by Riser Retail Group Carmel
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,382,580.00
$115,215.00/mo
Valuation Metrics
0
DSCR
8.04%
Cap Rate
8.04%
ROI
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