Willowbrook Lake Apartments, a multifamily property located in Indianapolis, has sold for $11.3 million to an entity of Sundance Bay, based in Orem, Utah.
Built in 1972, the 392-unit property includes one-, two- and three-bedroom floor plans with air conditioning, ceiling fans, renovated kitchens, spacious closets, separate dining rooms and patios or balconies. The community features a swimming pool, laundry facilities in each building, carports and 24-hour emergency maintenance.
Willowbrook Lake, located at 4803 Round Lake Road, has access to Interstates 65 and 70 and is within close proximity to Indianapolis International Airport.
Senior Directors David Gaines and Alex Blagojevich along with Associate Director Chris Bruzas of the Chicago office facilitated the sale.