The Coil Apartments

6349 North College Avenue


Indianapolis, IN

Main

Year Built: 2017

Asset Class: A

Status: Available

Offers Due: June 28, 2018








Property Type

Mixed-use

Location

Broad Ripple

Units

151

The Coil Apartments


After a decades-long development hiatus, Broad Ripple, Indianapolis, has excitedly embraced _**Indy’s most captivating mixed-use development**_. The Coil Apartments and Fresh Thyme Farmers Market are an integral addition to a submarket with extremely attractive demographics — _**highly educated, high-earning residents**_. Current residency boasts an average age of 38 years and a powerful _average income of $100,000_ with an average credit score of 726. The asset’s prestige even allures out of state residents to enjoy the benefits of a growing job market and economy in central Indiana. The Coil is commanding some of the **highest rents in the market**. Adjacent to the Indiana Central Canal, in the _heart of Broad Ripple Village_, The Coil is walking distance from the myriad shops and restaurants in the Village. The convenient location on College Avenue also grants residents _**direct access to downtown Indianapolis**_ and the Carmel business corridor. In addition to boasting 151 luxury apartments, the asset includes a 33,500-square-foot _flagship Fresh Thyme Farmers Market_ with a long-term lease, backed by Meijer credit. This is a rare amenity for renters in Indianapolis. Discerning residents have limited options in an _**urban-suburban setting**_ and will continue to thrive in this asset for many years to come.

Quick Facts:


* Construction Year: **2017** * Total Units: **151** * Average Unit Size: **887 sf** * Average Market Rent: **$1,517** * Average Market Rent psf: **$1.71** * Average Tenant Income: **$100,000** * Average Tenant Age: **37** * Average Tenant Fico Score: **726**

Asset Photos



Contact Sales Team



Todd Stofflet


Managing Partner

Todd Stofflet
Phone: 312.477.7004
Mobile: 312.622.2339
Email: todd@kigcre.com

Jason Stevens


Partner

Jason Stevens
Phone: 312.477.7012
Mobile: 312.608.6188
Email: jason@kigcre.com

Susan Tjarksen


Principal, Managing Broker

Susan Tjarksen
Phone: 312.477.7006
Mobile: 312.523.7617
Email: susan@kigcre.com