A multi-tenant retail center located in Hammond, IN was recently purchased by an investment group represented by Brett McDermott, CCIM of Latitude Commercial. The building is located on 165th Street and is currently 100% occupied. It was purchased for a 9.47% Cap and provided the buyers with a stable asset located in a strong retail corridor.
Latitude Commercial has been assigned a Property Management Agreement for full-service management of the asset for the investment group. “We are very happy to get to work with this existing Latitude client in a new capacity and excited about this property’s location in the shadow of the state-of-the-art YMCA opening later this year,” said Ryne Pishkur, Director of Property Management.
Latitude Commercial provides commercial real estate services such as purchasing, leasing, landlord representation, tenant representation, and commercial property management throughout the states of Illinois and Indiana. To find out how we can help you, call us today at (219) 864-0200.