Updated Oct 29, 2024
Connor Group Acquires Multifamily Property In Zionsville For $40.5M
5000 Bennett Parkway, Zionsville, IN, USA
$40,500,000
$7,453/SF
Building Size
5,434 SF
Asset Type
MultiFamily
Closing
Jan 7, 2021
About this deal
AI
The multifamily property located at 5000 Bennett Parkway in Zionsville has been sold in a transaction. The property consists of 219 units and is situated in the market of Zionsville. The sale took place on 01/08/2021, with a selling price of $40,500,000. This equates to an average price per unit of $184,931. The buyer of the property is the Connor Group, represented by Jeff Pickett.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $40,500,000
- Address: 5000 Bennett Parkway, Zionsville
- Market: Zionsville
- Units: 219
- Price Per Unit: $184,931
Jeff Pickett from the Connor Group played a key role as the buyer's representative in this transaction. His expertise and negotiation skills were instrumental in successfully closing the deal.
Players
Zionsville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93