Log In/Sign Up
Your email has been sent.
17748 Springmill Rd
Westfield, IN 46074
17748 Spring Mill Road · Land For Sale
·
13.34 AC
Investment Highlights
- 120 Total Units - 80 Assisted Living, 40 Memory Care. (48 Independent Living Cottages will be in separate, second phase.)
- Site Under Contract and Construction Set to Start in Q1 of 2026, 15 Month Construction Period
- Cap Rate 8% | Target LP IRR: 22.5% | 1.85x Equity Multiple
- Focusing on the Middle-Income Senior Population (60% of all Seniors)
- 5 to 7-Year Hold Period with Flexible Takeout for Investors
- Opening Target: Mid-2027 (June 2027)
Executive Summary
Bradley Company is pleased to offer the opportunity to purchase a portion, or all of a brand new, to be built, Senior Living Campus in Westfield, IN. This opportunity allows an investor to join with an experienced and seasoned Sponsor group in filling a need in the middle-income Senior Living market.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Industrial |
| Property Type | Land | Total Lot Size | 13.34 AC |
| Zoning | Industrial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Industrial |
| Total Lot Size | 13.34 AC |
| Zoning | Industrial |
1 Lot Available
Lot
| Lot Size | 13.34 AC |
| Lot Size | 13.34 AC |
Description
To-Be-Built, JV Opportunity
Property Taxes
| Parcel Number | 29-05-34-000-017.000-015 | Improvements Assessment | $0 CAD |
| Land Assessment | $39,368 CAD | Total Assessment | $39,368 CAD |
Property Taxes
Parcel Number
29-05-34-000-017.000-015
Land Assessment
$39,368 CAD
Improvements Assessment
$0 CAD
Total Assessment
$39,368 CAD
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
