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Single-Tenant Office

Ridge Road Office

211 W Ridge Rd, Griffith, IN 46319

Listing Price: $6,100,000

Cap Rate
8.51%
Gross SF
25,017
Rentable SF
25,017
Price/Gross SF
$243.83
Lot Size
3.72 acres
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to present for sale the Ridge Road Office Building in Griffith Indiana. The Ridge Road Office property is a STNL office property totaling 25,017 square feet and sits on 3.72 acres. The subject property is positioned in a very high-density area in Griffith, with great street visibility and ease of access. Ridge Road Office Building was built-to-suit in 2008 for the current tenant, Valdes Engineering Company. The Ridge Road Office has been well maintained by current ownership and tenant.

Valdes Engineering is a multidisciplinary, engineering and project management company, with an expert focus on technical excellence. The company has 332 employees and does $43 million in revenue annually. While headquartered in Lombard Illinois, Valdes has expanded it roots into Northwest Indiana just like most of the business in the Chicago region. With Indianas low-tax business-friendly environment, the Northwest Indiana region is subject to exponential growth, with the subject property being a prime example.

The Ridge Road Office provides a great investment opportunity for a hands off, easy to manage asset. The subject property is 40 minutes from downtown Chicago, 15 minutes from the brand new $300M Hard Rock Casino, as well as Two hours from downtown Indianapolis. The Ridge Road Office is offered to the market asking
$6,292,000 reflecting an 8.25% cap rate. The investment provides for a great stabilized return with a singular tenant on a landlord friendly triple net lease.

Investment Highlights

  • 25,017 Square Foot Single-Tenant Professional Office Building
  • 100% Occupied STNL Build-To-Suit Asset
  • Great Street Appeal, Ease of Access, and high VPD of 23,000
  • Strategically Positioned 1 Mile off I-94 and 3 Miles From I-465
  • 40 Minutes From Downtown Chicago

Exclusively Listed By

Single-Tenant Office

Ridge Road Office

Listing Price: $6,100,000

Cap Rate
8.51%
Gross SF
25,017
Rentable SF
25,017
Price/Gross SF
$243.83
Lot Size
3.72 acres
Year Built
2008

Investment Highlights

  • 25,017 Square Foot Single-Tenant Professional Office Building
  • 100% Occupied STNL Build-To-Suit Asset
  • Great Street Appeal, Ease of Access, and high VPD of 23,000
  • Strategically Positioned 1 Mile off I-94 and 3 Miles From I-465
  • 40 Minutes From Downtown Chicago

Investment Overview

Marcus & Millichap is pleased to present for sale the Ridge Road Office Building in Griffith Indiana. The Ridge Road Office property is a STNL office property totaling 25,017 square feet and sits on 3.72 acres. The subject property is positioned in a very high-density area in Griffith, with great street visibility and ease of access. Ridge Road Office Building was built-to-suit in 2008 for the current tenant, Valdes Engineering Company. The Ridge Road Office has been well maintained by current ownership and tenant.

Valdes Engineering is a multidisciplinary, engineering and project management company, with an expert focus on technical excellence. The company has 332 employees and does $43 million in revenue annually. While headquartered in Lombard Illinois, Valdes has expanded it roots into Northwest Indiana just like most of the business in the Chicago region. With Indianas low-tax business-friendly environment, the Northwest Indiana region is subject to exponential growth, with the subject property being a prime example.

The Ridge Road Office provides a great investment opportunity for a hands off, easy to manage asset. The subject property is 40 minutes from downtown Chicago, 15 minutes from the brand new $300M Hard Rock Casino, as well as Two hours from downtown Indianapolis. The Ridge Road Office is offered to the market asking
$6,292,000 reflecting an 8.25% cap rate. The investment provides for a great stabilized return with a singular tenant on a landlord friendly triple net lease.

Exclusively Listed By

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