Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Year Built 1993
Building Area
Land Area ()
Number of units 141

Property Description

JLL (Jones Lang LaSalle) is pleased to present The Annex of New Albany, a 141-home garden-style apartment community in intimate New Albany, Indiana. The property is currently leased by the bed and operates as a conventional student housing community. However, there is operational flexibility to run this property conventionally as there are no impediments to convert leases to by the unit. New Albany is located in southeast Indiana along Interstate 265, adjacent to the Ohio River opposite Louisville, Kentucky. The property is competitively positioned directly across the street from Indiana University Southeast as well as 43,000 square feet of newly developed retail and fast casual food options.


Due to New Albany’s proximity to the Louisville MSA, residents at The Annex of New Albany enjoy convenient access to Fortune 500 employers including Humana, Yum Brands, Brown-Forman, and Texas Roadhouse as well as world renowned attractions such as Churchill Downs and Louisville Slugger Museum & Factory. The Annex of New Albany offers investors a unique opportunity to capture an excellent location with strong market fundamentals.

Investment Highlights

  • Accessible to major employers
  • Renowned healthcare community
  • Proximity to Louisville
  • Strong market fundamentals
  • Proximity to Indiana University Southeast
  • Operational flexibility: student vs. conventional
Last Updated Date: 07 Dec 2020
David Gaines
David Gaines
Senior Director, Capital Markets
License details
IL-475.137087
Kyle Butler
Kyle Butler
Director, Capital Markets
License details
IL-475.175786

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Last Updated Date: 07 Dec 2020

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