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4610 W Ridge Rd
Gary, IN 46408
Asking Price
$1.20M
Asset Type
Commercial Self-storage
Class
Class B
What's Special
Self Storage | 661 Units <ul><li>Ground-Up Self-Storage Development with plans for an approximately 81,585 RSF self-storage facility comprising +/-661 units, positioned to deliver an institutional-quality asset upon stabilization. Site will be permit-ready prior to closing</li><li>Northwest Indiana / Chicagoland Connectivity - The property is located within the Greater Northwest Indiana market, offering proximity to Chicago's South Suburbs while benefiting from a lower-cost development and operating environment</li><l
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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657