- Address 885 Sunset Ridge Road
- Property Type CommercialSize 75,000 SF
- Investor IRR14.38 MOIC3.09
- Purchased5/13/2010 Sold2/1/2020
Formerly Nestlé’s Frozen Pizza Division
This vacant 75,000 SF furniture store was purchased by Ravine Park Partners LLC in May 2010. Within two months, the building was leased long-term to Nestlé USA, Inc. Capital improvements were completed in December 2010 and included window and roof replacement, as well as a parking lot expansion. Today, the property is occupied and serving as the national Headquarters for Barilla America, Inc.
Nestlé invested approximately $18,000,000 in to the interior of the building. When Barilla took over the property, they spent an additional $4,000,000.