Marcus & Millichap recently closed the sale of a 3,700-square foot net-leased property located in Shelbyville, IN. The asset was acquired by a limited liability company for $2,400,000. Jordan Klink from Marcus & Millichap’s Indianapolis office represented and secured the buyer in this transaction.
The property is situated at 1778 E State Rd., featuring 2022 construction with a 15-year lease term that includes three five-year renewal options and 10% rental escalations every five years. Additionally it features the new Fast Pace color scheme and prototype design elements to attract customers to its urgent care center services.
This acquisition marks another successful commercial real estate deal completed by Marcus & Millichap in Indiana as investors continue to seek out opportunities within this market space due to its strong fundamentals and potential returns on investment for buyers looking for long term stability through leasing agreements such as this one featured here today..
