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.
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