Updated Oct 28, 2024
Eastern Band Of Cherokee Indians Acquires Casino In Elizabeth, IN From Caesars Entertainment, Inc. For $250M
11999 Casino Center Dr SE, Elizabeth, IN, USA
$250,000,000
$2,272/SF
Building Size
110,000 SF
Asset Type
Commercial
Closing
Sep 6, 2021
About this deal
AI
The Casino located at 11999 Casino Center Dr SE in Elizabeth, IN has been sold in a recent transaction. The property consists of a casino and is a part of the market in Elizabeth, IN. The sale took place on 09/07/2021.
Summary of transaction details
- Property Type: Casino
- Transaction Amount: $250,000,000 (Approx)
The buyer of the property is the Eastern Band of Cherokee Indians, while the seller is Caesars Entertainment, Inc. represented by Tom Reeg. Innovation Capital LLC & Brownstein Hyatt Farber Schreck acted as the buyer's representatives, while J.P. Morgan & Latham & Watkins LLP represented the seller.
On the Map
$250,000,000
$2,272/SF
Commercial
View full map
Players
Elizabeth Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Deal FAQ
Browse Indiana commercial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93