1031 Buyer Drives Peak Pricing Retention for Well-Located Asset
November 1, 2016 | by Adriana Pop | Commercial Property Executive
Indianapolis—A private investor from Franklin Lakes, N.J., is the new owner of Raceway Commons, a 32,748-square-foot multi-tenant retail center in Indianapolis. Baceline Investments of Denver sold the property for $7.9 million.
Raceway Commons is situated on about 4.9 acres at 55 South Raceway Road, at the signalized intersection of Rockville Road (US 36) and Raceway Road on the west side of Indianapolis. This location provides access and visibility, as well as a high traffic of approximately 65,000 cars per day.
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