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5810 Sebring Dr, Indianapol...

Aion Partners Acquires Multifamily Portfolio In Indianapolis For $108.5M
SOLDMultiFamily

Aion Partners Acquires Multifamily Portfolio In Indianapolis For $108.5M

5810 Sebring Dr, Indianapolis, Indiana, USA

$108,500,000

$76,087/SF

Building Size

1,426 SF

Asset Type

MultiFamily

Closing

Mar 25, 2021

AI

A multifamily property located at 5810 Sebring Dr, 2085 Waterford Pl, and 2100 Westlane Rd in Indianapolis, IN has been sold. The transaction took place on March 26, 2021. The property consists of 1,426 units, and the sale price was $108,500,000, resulting in a per unit price of $76,087. The buyer of the property was Aion Partners, while the seller was The RADCO Cos. The deal was facilitated by brokers George Tikijian, Hannah Ott, and Cameron Benz from Cushman & Wakefield Indiana.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $108,500,000
  • Address: 5810 Sebring Dr, 2085 Waterford Pl, and 2100 Westlane Rd, Indianapolis, IN
  • Units: 1,426
  • Price per Unit: $76,087

George Tikijian, Hannah Ott, and Cameron Benz from Cushman & Wakefield Indiana played a crucial role in representing the buyer, Aion Partners, and the seller, The RADCO Cos., in this transaction.

Players

George Tikijian

CBRE

Broker

$305.6M

vol

5 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
RC
RADCO Cos.Seller

Indianapolis MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93