Cushman & Wakefield brokers $12.25 million sale of mixed-use property in Carmel

Cushman & Wakefield Brokers $12.3M Sale of Office, Retail Property in Carmel, Indiana

CARMEL, IND. — Cushman & Wakefield has brokered the $12.3 million sale of Monon & Main, a four-story, 34,650-square-foot office and retail property located at 211 W. Main St. in the northern Indianapolis suburb of Carmel. Situated in the Carmel Arts & Design District, Monon & Main was fully leased at the time of sale. Built in 2018, the property is comprised of 79 percent office and 21 percent retail space. Rebecca Wells of Cushman & Wakefield r…

Cushman & Wakefield brokers $12.25 million sale of mixed-use property in Carmel

Cushman & Wakefield brokered the $12.25 million sale of Monon & Main, a four-story, 34,650-square-foot Class-A+ boutique mixed-use office and retail property at 211 W. Main St. in Carmel, Indiana. At $354 per square foot, the transaction set a new high-water mark for office sales in the state of Indiana, according to Cushman & Wakefield research data. Situated in the heart of the vibrant Carmel Arts & Design District, Monon & Main was 100% leased at the time of sale. Built in 2018, the property is comprised of 79% office and 21% retail space. Cushman & Wakefield’s Rebecca Wells, Director, Capital Markets, based in the firm’s Indianapolis office, represented the seller, a private partnership led by the Hannum family. The buyer was a private investor.