Eastway Plaza – Lafayette, IN

Eastway Plaza – Lafayette, IN

Eastway Plaza – Lafayette, IN
1411 Sagamore Parkway North
Lafayette, IN 47904

$2,850,000

Cap Rate 13.37%
Gross Leasable Area (GLA) 71,842 Sq.Ft.
Price Per Square Foot (GLA) $39
Year Built 1987
Lot Size 5.00 Acres
  • Value-Add Shopping Center with 72 Percent Occupancy
  • Lafayette is a Big Ten University Market (Purdue University)
  • Located at a Signalized Intersection Along US Highway 52
  • Excellent Visibility and Exposure with Over 42,000 Combined Vehicles per Day
  • Long Historical Tenant Occupancy with Vacancy and Leasing Upside
  • Three-and-a-Half Miles to Purdue University Campus (39,256 Students)
  • Additional Income Provided by Longtime Billboard Lease
  • 126,589 People Reside Within a Five-Mile Radius
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Eastway Plaza – Lafayette, IN (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Marcus & Millichap is pleased to have sold Eastway Plaza in Lafayette, Indiana.  The 71,842-square foot shopping center is located on the north side of Lafayette along the city’s main retail thoroughfare, US Highway 52 or Sagamore Parkway. The shopping center is currently 72 percent occupied with a roster of local, national and regional tenants.

The site is positioned on the hard corner of the signalized intersection of US Highway 52 and  Greenbush Street.  The subject property provides three points of ingress/egress and features a large pylon along US Highway 52.  Eastway Plaza maintains excellent visibility and exposure with over 42,000 vehicles passing by the site daily.

For More Information, Please Contact:

James Medefind

First Vice President Investments
813-387-4788
james.Medefind@marcusmillichap.com