Marcus & Millichap Arranges The Sale Of A 79,246-Square-Foot, Four-Building Office Portfolio in Indianapolis, IN
Indianapolis IN, July 27, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Banta Trails Four-Building Office Portfolio a 79,246-square-foot, four building, office park located in Indianapolis, IN, according to Josh Caruana, regional manager of the firm’s Indianapolis office. The assets sold for a combined $5,645,300.
Forest Bender and Joseph DiSalvo, investment specialists in Marcus & Millichap’s Indianapolis office, had the exclusive listing to market part of the Portfolio and represented the other Owner in an off-market sale. The buyer, a local ownership group, was secured and represented by Forest Bender and Joseph DiSalvo. The Banta Trails Office Park had historically been owned by a single ownership group up until 2016 when Buildings III and IV were sold off to an owner-occupant. Joseph DiSalvo and Forest Bender were also the listing and buyer brokers in for Buildings I and II when they sold in 2018 as well.
Banta Trails Office Park is located at 6401 S East Street, 6313 S East Street, 6423 S East Street, and 6447 S East Street Indianapolis, IN.
- Two Selling Groups Complete Portfolio Sale to Local Buyer
- Local Buying Group Puts all Four Buildings back under One Owner
- Convenient Location with easy Highway Access to US-31, I-465, I-70, and I-65
- Just Minutes to Downtown Indianapolis
- Existing Vacancy Creates Upside for New Ownership
- Located on One of the Busiest Corridors on the Southside of Indianapolis
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About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.