Washing St. Station

Investment Highlights

• Value Add Opportunity with No Leases in Place
• Huge Upside Potential with a Projected Stabilized Value Over $2M
• Prime Hard Corner Location Along E Washington St
• Undeserved Retail Market
• Priced Below Replacement Cost ($59/sf)
• Adjacent to Best Buy, Ross, Marshalls, Aldi, & LA Fitness
• Infill Location on East Side of Indianapolis
• 160,000+ People within 5 Miles
• High Barriers to Entry
• Strong Traffic Counts (27,000 Cars/Day)

Offering Summary

  • Price: $899,000
  • Pro Forma CAP: 23.89%
  • Occupancy: 0%
  • GLA:  15,215 SF
  • Price/Sf: $324.70
  • Site Area: .833 Acres

 

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