TITLE:
FISHERS/ PENDLETON INDIANA; 40 ACRES
CONTROL:
Owner
VALUE:
$1,700,000
LOAN:
$0
EQUITY:
$1,700,000
TYPE:
Development
HAVE:
40 acre commercial development site in the rapidly developing Suburban Northeast side of Indianapolis, Indiana. Off of I-69 Interchange (SF Residence and Barn; and 2 - 1 Acre Commercial Out-lots also included).
ADDRESS:
632 West State Street, Pendleton, Indiana
GROSS SCHEDULED INCOME:
$12,000 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$12,000
EXPENSES:
$5,000
NOI:
$7,000
DEBT SERVICE:
$0
CASH FLOW:
$7,000
CAP RATE:
0.41%
BENEFITS SOUGHT:
Looking for long-term credit net lease - prefer Walgreen/CVS or value added opportunity in Indianapolis or San Diego area. Would consider financing for appropriate buyer.
CAN ADD:
SFR Plainfield, IN @ $125,000 (F/C). Condo Greenwood, IN $50,000 F/C; other property.
REMARKS:
Flexible; partner retiring. Located in a very hot suburban NE Indianapolis growth market - off I-69.
COUNSELOR:
Rick Roethke
Barrington Investment
PO Box 8190
Rancho Santa Fe, California, 92067
