Greater Education Opportunities Foundation Acquires School In Indianapolis, IN For $5M

The property asset involved in this transaction is a school located at 4010 & 4020 North Sherman Drive in Indianapolis, IN. The sale of this property was facilitated by broker Gordon Hendry from HRE Advisors. The buyer in this transaction is the Greater Education Opportunities Foundation, represented by Kevin Teasley. The sale took place on April 13, 2021, with a purchase price of $5,000,000. The total square footage of the property is 52,000, resulting in a price per square foot of $96. The property sits on 20 acres, making the price per acre equal to $250,000.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $5,000,000
• Date: 04/13/2021
• Address: 4010 & 4020 North Sherman Drive, Indianapolis, IN
• Market: Indianapolis, IN
• Buyer: Greater Education Opportunities Foundation - Kevin Teasley
• Broker: Gordon Hendry - HRE Advisors
• Square Footage: 52,000
• Price per Square Foot: $96
• Acres: 20
• Price per Acre: $250,000

Kevin Teasley, representing the Greater Education Opportunities Foundation, played a significant role as the buyer in this transaction. The foundation's mission and goals may provide additional insights into their motivation for acquiring a school property. Additionally, Gordon Hendry from HRE Advisors served as the broker representing the buyer, ensuring a smooth and successful completion of the sale.