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Shopping Neighborhood

Washington Plaza

10030 E Washington St, Indianapolis, IN 46229

Listing Price: $3,769,000

Cap Rate
10.10%
Gross SF
50,107
Rentable SF
50,107
Price/Gross SF
$75.22
Lot Size
5.25 acres
Year Built
1976

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Washington Plaza located in Indianapolis, Indiana. The subject property is a 100 percent occupied, 50,107-square-foot shopping center that is shadowed by Target. Washington Plaza is being offered for $3,769,000.

Investment Highlights

  • 100 Percent Occupied, 50,107-Square-Foot Shopping Center Shadowed by Target Anchored Mall
  • Adjacent to Target, Kroger, Aldi, Marshalls, Best Buy, Ross, Five Below, Michaels, Harbor Freight, PetSmart, Bath & Body Works, Dollar Tree, CVS, Chick-fil-A, Starbucks, Walmart and More
  • Located at Primary Intersection of E Washington Street and N Mitthoefer Road – Traffic Counts of Over 45,250 Vehicles per Day
  • Below Market Rents - Average Rent Less than $9 per Square Foot with Market Rent Average $12-$14 per Square Foot
  • Higher Yield Opportunity – Center Offered at 9 Percent CAP on In-Place Net Operating Income; Priced Below Replacement Cost at $85 per Square Foot
  • Deliverable Free and Clear of Existing Debt Providing Prospective Purchaser Ability to Secure New Financing According to Investment Strategy

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Shopping Neighborhood

Washington Plaza

Listing Price: $3,769,000

Cap Rate
10.10%
Gross SF
50,107
Rentable SF
50,107
Price/Gross SF
$75.22
Lot Size
5.25 acres
Year Built
1976

Investment Highlights

  • 100 Percent Occupied, 50,107-Square-Foot Shopping Center Shadowed by Target Anchored Mall
  • Adjacent to Target, Kroger, Aldi, Marshalls, Best Buy, Ross, Five Below, Michaels, Harbor Freight, PetSmart, Bath & Body Works, Dollar Tree, CVS, Chick-fil-A, Starbucks, Walmart and More
  • Located at Primary Intersection of E Washington Street and N Mitthoefer Road – Traffic Counts of Over 45,250 Vehicles per Day
  • Below Market Rents - Average Rent Less than $9 per Square Foot with Market Rent Average $12-$14 per Square Foot
  • Higher Yield Opportunity – Center Offered at 9 Percent CAP on In-Place Net Operating Income; Priced Below Replacement Cost at $85 per Square Foot
  • Deliverable Free and Clear of Existing Debt Providing Prospective Purchaser Ability to Secure New Financing According to Investment Strategy

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Washington Plaza located in Indianapolis, Indiana. The subject property is a 100 percent occupied, 50,107-square-foot shopping center that is shadowed by Target. Washington Plaza is being offered for $3,769,000.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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