Shopping Neighborhood
Washington Plaza
10030 E Washington St, Indianapolis, IN 46229
Listing Price: $3,769,000
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.
Washington Plaza
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
Listing Price: $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
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.
