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.
* 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**