The Silver Group Brokers a Carmax in Indianapolis

The Silver Group is pleased to announce the sale of a single tenant investment property leased to CarMax, Inc. located in northern Indianapolis, IN. CarMax is a publicly traded, Fortune 500 company who leases the 16 plus acre site for approximately 21 years. The Property is at 9750 North Gray Road at the corner of East 96th Street and is situated among the many new car dealerships. This sale was negotiated by Barry Silver and Greg Cunha of The Silver Group. The property was purchased for $22.6M by a partnership completing a tax-deferred exchange. The quality of the tenant’s credit and the lease terms attracted the interest of this investor who closed this purchase in late December. The Silver Group was the only broker involved in this sale.