Greater Education Opportunities Foundation Acquires School In Indianapolis, IN For $5M
4010 North Sherman Drive, Indianapolis, IN, USA
$5,000,000
$96/SF
Building Size
52,000 SF
Asset Type
Other
Closing
Apr 12, 2021
About this deal
AI
The asset involved in the transaction is a school located at 4010 & 4020 North Sherman Drive in Indianapolis, IN. The transaction occurred on April 13, 2021, with a sale price of $5,000,000. The property encompasses a total area of 52,000 square feet and sits on 20 acres, with a price per square foot of $96 and a price per acre of $250,000.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $5,000,000
- Square Footage: 52,000
- Address: 4010 & 4020 North Sherman Drive
- Market: Indianapolis, IN
- Acres: 20
- Price per Square Foot: $96
- Price per Acre: $250,000
The buyer of the property is Greater Education Opportunities Foundation, represented by Kevin Teasley. The transaction was brokered by Gordon Hendry from HRE Advisors, ensuring the deal was effectively coordinated between the involved parties.
Players
Indianapolis Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93