3456 Ridge Avenue

Arlington Heights, Illinois


  • ASSET CLASS: Office/Industrial
  • IRR: 11.2%
  • MULTIPLE: 1.8x
  • TOTAL EQUITY: $950,000

3456 Ridge Avenue is a 100,000-square-foot office/industrial building, purchased in 1997 for $3,405,000 with a loan of $2,715,000. The project was subsequently refinanced in November 2014 as part of a five-building suburban Chicago portfolio. In addition to the acquisition and syndication, American Landmark Properties managed and leased this building. The property was sold in May 2008, as part of a portfolio sale, for $3,916,500, which translated to a 1.8x equity multiple for the investors.

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