Zidan Management Group Acquires Multifamily Property In New Albany For $11.85M

Located at 4100 Prestwick Square in New Albany, IN, this recently sold multifamily property in the New Albany market has been acquired by Zidan Management Group, represented by Raed Zidan. The seller of the property is The Annex Group.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $11,850,000
• Units: 141
• Price Per Unit: $84,043
• Square Footage: 113,782
• Price Per Square Foot: $104

The deal was facilitated by the broker team at JLL Capital Markets, consisting of David Gaines, Scott Clifton, and Kyle Butler. They played a pivotal role in bringing the buyer and seller together to finalize the transaction.

This transaction demonstrates the ongoing activity and demand in the New Albany market for multifamily assets. The property's features and attractive price per unit make it a valuable investment opportunity for Zidan Management Group. As the new owners, they have the potential to generate strong rental income from the 141 units.