Pendleton Pike Shopping Center

Closed in 2015. Pendleton Pike Shoppes a 35,000 square feet shopping center located in Indianapolis Indiana. Built in 1989. B Class center. Traffic counts over 40,000. Property features longterm tenants, some existing for over 15 years at this location. Excellent visibility from the street. Return on investment is relative to this location on existing income, with an large upside in leasing remaining 15% of center. Expected ROI = 17.2% with upside in leasing vacancies with a Proforma ROI = 26.2% We are here to help achieve your investment goals. For purchasing or selling investment properties, or simply need expert advice, don’t hesitate to call (818) 761-4252 and ask for Simon Asef. Purchase Price: $1,475,000 Down payment: $475,000 Loan amount: $1,000,000 Loan Terms: 4.75% 25 years amortization Net Operating Income: $154,000 Debt Service: $70,000 Return on Investment (ROI) = 17.2% Proforma ROI = 26.2%