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4027 W Ridge Rd 9,600 SF Industrial Building Gary, IN 46408 $1,500,000 ($156.25/SF) 6.18% Cap Rate
Investment Highlights
- Located on West Ridge Road in Gary, IN, within a well-established industrial hub.
- Excellent transportation access with close proximity to major highways and rail lines.
- 100% leased warehouse providing immediate income.
- Surrounded by a diverse mix of manufacturing and distribution facilities.
- Near Steel City Industrial Park and Gary/Chicago International Airport.
Executive Summary
Subject property is located on West Ridge Road in Gary, IN. The area surrounding the location is recognized as an industrial hub, hosting a diverse range of established manufacturing and distribution facilities. With close proximity to major transportation arteries, including highways and railways, the location offers seamless connectivity for logistical operations. Nearby, Steel City, a prominent industrial park, and the Gary/Chicago International Airport further enhance the business-friendly environment. The area's industrial prowess is supported by a robust network of suppliers, service providers, and a skilled labor force, creating an advantageous ecosystem for industrial, warehouse, and distribution tenants seeking a strategic base for their operations. 100% leased out warehouse, with 24 months left on lease. Tenant has two renewal options of (2) years each. Tenant covers all utilities, maintenance, insurance. Landlord covers RE taxes.
Property Facts
| Price | $1,500,000 | Lot Size | 0.88 AC |
| Price Per SF | $156.25 | Rentable Building Area | 9,600 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.18% | Year Built | 2019 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 2 |
| Building Class | C | ||
| Zoning | B-2 - Commercial | ||
| Price | $1,500,000 |
| Price Per SF | $156.25 |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.88 AC |
| Rentable Building Area | 9,600 SF |
| No. Stories | 1 |
| Year Built | 2019 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | B-2 - Commercial |
Amenities
- 24 Hour Access
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $906,900 | |
| Land Assessment | $42,000 | Total Assessment | $948,900 |
Property Taxes
Parcel Numbers
Land Assessment
$42,000
Improvements Assessment
$906,900
Total Assessment
$948,900
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4027 W Ridge Rd
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