Retail O Indiana

Marcus & Millichap closes $3.2 million Starbucks sale in Indianapolis

Marcus & Millichap sells Starbucks in Indianapolis,ph01

Marcus & Millichap closed the sale of a new 6,992-square-foot retail property at 6929 W. 38th St. in Indianapolis. The asset sold for $3.2 million.

Austin Weisenbeck and Sean Sharko, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Josh Caruana assisted in closing this transaction as the broker of record in Indiana.

Located near the intersection of 38th Street and Interstate-465, the property is in the growing Indianapolis area with a three-mile population of 91,676 and a citywide population of 864,771. Anchored by Starbucks, the property was put under contract prior to completion of construction. Nearby stores include Shops at Eagle Creek and Target.