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

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This Other property located in IN was sold for $5,000,000 almost 3 years ago. The broker of the deal was Gordon Hendry

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.

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Deals
  • Location
    4010 North Sherman Drive, Indianapolis, IN, USA4010 North Sherman Drive, Indianapolis, IN, USA
  • Sale Price
    $5,000,000$5,000,000
    $96 PPSF$96 PPSF
  • Area
    52,000 SF52,000 SF
  • Asset Type
    OtherOther
  • Parties
    1 Broker1 Broker

Agent

Gordon Hendry

Gordon Hendry

Deals1
Sold$5M

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Deal Summary

SALE IMAGE: Kevin Teasley & Gordon Hendry DATE: 04/13/2021 ADDRESS: 4010 & 4020 North Sherman Drive MARKET: Indianapolis, IN ASSET TYPE: School BUYER: Greater Education Opportunities Foundation - Kevin Teasley BROKER: Gordon Hendry - HRE Advisors PRICE: $5,000,000 SF: 52,000 ~ PPSF: $96 ACRES: 20 ~ PPA: $250,000

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4010 & 4020 North Sherman Drive

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