255 S McCrea St, Indianapolis, IN 46225 - multi-family property

Detailed information about multi-family property which situated in Indianapolis (46225) city, Indiana state on 255 S McCrea St.

Additional Information: INVESTMENT OVERVIEW Summit / C&W has been retained as the exclusive investment advisor in the sale of the luxury Janus Lofts located in the heart of downtown Indianapolis' Wholesale District. This location is truly irreplaceable, within walking distance to all of the downtown amenities such as Lucas Oil Stadium, Conseco Field House, more than 250 restaurants and 200 shops. The property enjoys 100% occupancy among the strongest rental market within Indianapolis and residential market rents are $0.96 psf, significantly below market. The property is being offered free and clear of existing debt. Janus Lofts is the redevelopment of a historic five-story warehouse originally built in 1905 and rehabbed in 2003 into 23 residential units and 3 commercial spaces. Residential units and common areas were renovated with condominium-grade finishes while keeping some of the historic building elements such as: polished concrete floors, 11-16' stamped tin ceilings, stainless steel appliances and cast iron columns. Offering price Market Net Rentable Area (Residential) 26,490 SF Gross Leasable Area (Commercial) 9,150 SF Number of Residential Units 23 Average Residential Unit 1,152 SF Number of Commercial Units 3 Parking 25 Underground, 7 Surface Year of Renovation 2003 Current Occupancy 100% (Commercial & Residential) Offer Deadline November 22, 2011