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
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