1143 W North St - Warehouse FOR SALE


Bremen, IN 46506
$3,500,000 USD
574-360-6881
1143 W North St, Bremen, IN for Sale
$3,500,000 USD
Warehouse - FOR SALE
1/22
null | 6% Cap Rate

1143 W North St
Bremen, IN 46506


HIGHLIGHTS

  • Excellent Self-Storage Investment
  • Projected 2025 CAP Rate: 7%
  • 176 Total Units
  • Separate 0.61 Acre Storage Lot Parcel Included in Sale

OVERVIEW

Fantastic investment opportunity with a well-established and well-maintained self-storage business in Bremen, IN. The investment includes 175 units sitting on 1.71 acres and a 0.61 acre outside storage lot on N Liberty Dr just North of the property. The 0.61 acre outside storage lot is available for an additional 75-100 storage units. One of the buildings is offsite located behind 1455 W Plymouth St. Bremen, IN. The real estate for this building will be land leased for $1 per year for 10 years. Buyer would retain the income while maintaining and managing the building for those 10 years. The investment sits between a 95-98% occupancy. CAP Rate for 2025 projected to be 7%. Located 1 block North of W Plymouth St in Bremen, the property is 9 miles from the City of Nappanee, 16 miles from Downtown Plymouth, 18 miles from Downtown South Bend, 20 miles from Downtown Goshen, and 25 miles from Downtown Elkhart. Zoned Light Industrial. Taxes: $13,840. Tax Year: 2023.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$114 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Self-Storage Business - Bremen, IN

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

2.32

LAND SF

101,059

ZONING

Light Industrial

APN/PARCEL ID

50-53-34-202-015.000-006

ASK ABOUT THIS PROPERTY

John PiracciniColdwell Banker CommercialMore Info
574-360-6881

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John PiracciniColdwell Banker CommercialMore Info
574-360-6881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.