Care & Hygiene

Hanley Funding Group Arranges Sale of 11,400 SF Retail Heart in Prosperous Indianapolis Suburb for $3,145,000

ZIONSVILLE, Ind. – Hanley Funding Group Actual Property Advisors, a nationally acknowledged actual property brokerage and advisory agency specializing within the sale of retail properties, introduced right this moment the sale of a two-tenant, 11,400-square-foot retail heart in Zionsville, a northern suburb of Indianapolis, Indiana. The sale value was $3,145,000. 

Hanley Funding Group’s Vice President Dylan Mallory represented the vendor, Jackson Funding Group, primarily based in Central Indiana. The customer was a personal investor primarily based within the Indianapolis metro space and was represented by Forest Bender of Marcus & Millichap in Indianapolis. Jackson Funding Group additionally performed a brokerage function within the transaction.

The property, Zionsville Station, is positioned at 10615 Zionsville Street, simply south of the Village of Zionsville. The 1.35-acre property options new long-term leases from Lodge Tango Whiskey, a well known native whiskey model, and the Pampered Pooch Resort and Spa, a brand new canine care facility, in response to Mallory. The property was beforehand house to Pizza King for greater than 30 years earlier than present process a big renovation and repositioning plan in 2021.

“Six presents have been generated within the first 10 days of selling and a full-price supply was procured from a neighborhood actual property investor already aware of the property,” mentioned Mallory. “Out-of-state buyers and native buyers have been extremely interested in the chance because of its location in Zionsville, one of the crucial prosperous communities within the Midwest.”

“Zionsville is listed as one of many 10 Richest Communities in Indiana, Finest Excessive Faculties in Indiana, Finest Cities to Stay in Indiana and certainly one of Indiana’s Most secure Cities. The common family revenue in a three-mile radius of the property is in extra of $175,000,” mentioned Mallory.

Moreover, Zionsville Station is positioned lower than a mile from Creekside Company Park, a brand new 40+ acre company campus that includes strolling trails and out of doors health choices. Main employers within the park embody Witham Well being Companies, FedEx and LIDS headquarters workplace. Rahal Letterman Lanigan Racing is beneath development on a brand new $20 million, 100,000-square-foot facility that may function their international headquarters. Completion is predicted in the summertime of 2022.

Over the past 4 years, Hanley Funding Group has offered $705 million in retail properties within the Midwest. Within the final two years, Mallory has closed over $70 million within the state of Indiana. Earlier this 12 months, Mallory accomplished the sale of a net-leased multi-tenant medical property in Plainfield, Indiana. 

About Hanley Funding Group 

Hanley Funding Group Actual Property Advisors is an actual property brokerage and advisory companies firm with over a $9.1 billion transaction observe report that makes a speciality of the sale of retail properties nationwide. Our experience, confirmed observe report, and unwavering dedication to placing purchasers’ wants first set us aside within the trade. Hanley Funding Group creates worth by delivering distinctive outcomes by means of using property-specific advertising methods, cutting-edge expertise, and native market data. Our nationwide relationships with buyers, builders, establishments, franchisees, brokers, and 1031 trade patrons are unparalleled within the trade, translating into most publicity and pricing for every property. With unmatched service, Hanley Funding Group has redefined the expertise of promoting retail funding properties.

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Media Contact
Firm Title: Hanley Funding Group Actual Property Advisors
Contact Particular person: Dylan Mallory, Vice President
E-mail: Ship E-mail
Cellphone: 844.585.7678
Handle:3500 E. Coast Freeway, Suite 100
Metropolis: Corona del Mar
State: California
Nation: United States
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