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Hilco Real Estate Announces the Sale of a Former Bravo! Cucina Italiana Restaurant Near Indianapolis, Indiana

Oct 25, 2019, 14:08 PM by Mike Ermitage

HRE Bravo Restaurant

Hilco Real Estate, LLC announces December 5, 2019 as the offer deadline for the sale of a former Bravo! Cucina Italiana Restaurant in the Indianapolis, Ind. area. The sale will include all FF&E, encompassing all kitchen equipment, freezers, and dining room furniture. Buyers are encouraged to submit offers on or before the December 5, 2019 deadline.

Built in 1986, the 8,733±-square-foot restaurant in Castleton, Ind. is located on 1.91 acres and includes 75+ parking spaces. The restaurant is well maintained having only recently closed in October 2019. The property is in an excellent location near the convergence of I-69 and I-465. Located in Marion County, Castleton is 15 miles northwest of downtown Indianapolis, with proximity to the affluent suburbs of Carmel, Zion and Noblesville. There are 100,000+ daytime employees within a three-mile radius of the site, as well as strong traffic volume (15,000 VPD). This property is adjacent to the Castleton Square Mall and surrounded by many national tenants.

According to the Indy Chamber of Commerce, the Indianapolis area has seen $1.2 billion in capital investment and more than 11,000 jobs created in the past three years. The chamber also states some leading local industries include technology, manufacturing, life sciences, motorsports, and creative industries. The mixture of low business costs, diverse industries, skilled workforce and quality of lifestyle are all factors that continue to attract people and businesses alike to the Indianapolis community.

Joel Schneider, Senior Vice President for Hilco Real Estate, stated, “The Indianapolis sub-market is continuously ranked as one of the top locations for companies and residents by publications such as Forbes and Money. With the property located in such an optimal area of this bustling city, this offer is an incredible opportunity for an owner-user to acquire a newly closed site in tremendous condition. The inclusion of interior décor and equipment also gives the added potential for a turnkey investment.”

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