Colliers has been retained as the exclusive advisor for the sale of Avalon Crossing Shopping Center located at 6935 Lake Plaza Drive in Indianapolis, Indiana (“The Property”).
Avalon Crossing Shopping Center is an 82,847 SF, three-building neighborhood center located at Binford Boulevard and 71st Street in Indianapolis. Currently 93% leased to 18 tenants with a WALT of 3.43 years, the asset provides stable in-place cash flow. With two vacancies totaling 6,105 SF, investors have a near-term value-add opportunity. The center benefits from strong visibility along Binford Boulevard (34,000 vehicles per day), direct connectionto I-69, and a dense, affluent trade area with nearly 63,000 residents within three miles.