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Mission Capital to Auction Vacant IN Retail Sites
Mission Capital Advisors’ asset sales group is marketing five separate, vacant Indiana retail properties. The five properties, formerly occupied by the Marsh grocery chain or its LoBill Foods brand, range in size from 14,000 to 80,000 square feet. They’re located in Indianapolis (pictured), Richmond, Muncie and Lafayette.
“For value-add investors, these properties offer an excellent opportunity to acquire assets with significant upside at a very low basis,” said Mission Capital’s Kyle Kaminski. “The seller is highly motivated to find buyers for all five properties, and we anticipate interest from both local and national buyers seeking opportunistic investments.”
Kaminski and his colleagues, Will Sledge and Rob Beyer, are marketing the offerings on behalf of the seller, a CMBS special servicer. Each of the properties will be auctioned individually on the RealINSIGHT Marketplace platform, with the bidding window opening on December 3 and closing on December 5.
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- ◦Sale/Acquisition
