Hendricks Commercial Properties Sells 209,049 Square Feet In Albany For $28 Million
833 To 887 Carmel Drive
$28,000,000
Units
209,049
Asset Type
Other
Closing
Jun 27, 2025
About this deal
AI
The property asset involved in the transaction is located at 833 To 887 Carmel Drive, 12302 To 12388 Hancock St., and 12202 To 12292 Hancock St. in Albany, IN. The asset type is classified as other, with a total of 209,049 units involved and a transaction price of $28,000,000.00.
Summary of transaction details:
- Property Type: Other
- Transaction Amount: $28,000,000.00
- Seller: Hendricks Commercial Properties
- Transaction Date: 06/27/2025
- Market: Albany, IN
Key individuals involved in this transaction include the seller represented by Hendricks Commercial Properties. The details of the buyer or other parties involved in the transaction are not specified.
On the Map
$28,000,000
Other
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Players
Carmel 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93