Cedar Ridge

Posted: 8/23/2021
168 Units
Want to add this to My Listings (or tell us why you're not interested)?
Log In or Register ...

Photos

Sold
Slideshow Image

About

About Cedar Ridge

1 NEAR BOOMING INDUSTRIAL DEVELOPMENT

There is 9.5 million SF of industrial space under construction in the east submarket, representing 43% of the 22.2 million SF space under construction in the whole Indianapolis market.

2 BENEFITS FROM HANCOCK CO GROWTH

Hancock Co, the eastern door to Indianapolis, has become a fast-growing economic powerhouse. The population has been growing rapidly as people discover the vibrant communities and great job opportunities.

3 STRAIGHTFORWARD VALUE-ADD

Cedar Ridge presents the opportunity to increase revenue through simple unit upgrades, adding new amenities, and implementing a utility bill back program.

4 WELL MAINTAINED BY ORIGINAL DEVELOPER

Offered for sale by the original developer, Cedar Ridge is very well maintained with no deferred maintenance. The property also maintains very low turnover with many longterm tenants. The average length of tenancy is 61 months.

5 UNIQUE UNIT FEATURES

Cedar Ridge offers unique and desirable unit features including fireplaces, unique loft floorplans, vaulted ceilings, in-unit washer/dryer machines and private in-unit storage space.

6 PURCHASE INDIVIDUALLY OR PORTFOLIO

Cedar Ridge can be purchased with Crooked Creek together as a portfolio of 384 total units creating some economies of scale. The properties can also be purchased individually.