Enter the "Deal room" for exclusive documents related to this property.
|Number of units||141|
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.
- Accessible to major employers
- Renowned healthcare community
- Proximity to Louisville
- Strong market fundamentals
- Proximity to Indiana University Southeast
- Operational flexibility: student vs. conventional