301 E Sample St - Service FOR SALE


South Bend, IN 46601- Downtown South Bend
$5,500,000 USD
310-261-8428
301 E Sample St, South Bend, IN for Sale
$5,500,000 USD
Service - FOR SALE
1/15
null | 7% Cap Rate

301 E Sample St
South Bend, IN 46601
Downtown South Bend


HIGHLIGHTS

  • ±65,256 SF freestanding industrial facility, delivered vacant; first availability in 20+ years
  • 600A heavy power (3-phase, 4-wire, 65K AIC) supporting manufacturing and specialty industrial uses
  • 24' clear height, 2 exterior dock-high doors, 1 drive-in/grade-level door, centralized loading dock zone
  • Dual street frontage on Sample St and Tutt St; NY Central rail-corridor adjacency
  • ±1.93 AC adjacent excess development land for IOS, trailer parking, or build-to-suit
  • $84/SF basis materially below regional industrial replacement cost; multi-path execution

OVERVIEW

DWG Capital Group, as the exclusive advisor, is pleased to present 301 E Sample St, South Bend, Indiana, a ±65,256 SF freestanding industrial facility on ±4.37 acres in the core of downtown South Bend's industrial submarket. The asset is being brought to market for the first time in over 20 years. The property delivers vacant and offers a rare, multi-path repositioning opportunity in a 3.1% vacancy submarket with zero new supply under construction. Asking $5,500,000 (~$84 PSF) for sale or $6.25 PSF NNN for lease (3.0% annual escalations), the asset prices materially below replacement cost and supports a credible 5 to 7 year proforma future value of $7M+ at a ~7.00% exit cap. SALE / LEASE OPTION: ±65,256 SF TOTAL | IN-PLACE OFFICE $5,500,000 SALE | $6.25 PSF NNN LEASE POWER, PARKING & FULL-BUILDING FUNCTIONALITY Full-building single-tenant occupancy or partial demise across 3 functional zones 600A heavy power | 120/208V & 120/240V 3-Phase | 4W | 65K AIC In-place office, conference, training, quality control, and sample room buildout Centralized loading dock with 2 exterior dock-high doors plus 1 drive-in door. Specialty buildout including ink-mixing clean room and food grade storage precedent. Dual street frontage on Sample St (south) and Tutt St (north) Rail-adjacent to the NY Central corridor (north boundary) ±1.93 AC adjacent excess development land for IOS, trailer parking, or build-to-suit Suitable for printing, packaging, light manufacturing, food adjacent, distribution, contractor, or owner-user occupancy Multiple paths to value: stabilized lease-up, single-tenant sale, partial demise, or owner-user reuse. WAREHOUSE CONFIGURATION: 24' clear height throughout Open-span warehouse with prior industrial racking Centralized loading dock zone In-place ink-mixing clean room Food-grade storage room precedent

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Distribution, Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

2

DRIVE INS

1

PARKING SPACES

70

LAND DETAILS

LAND ACRES

6.3

LAND SF

274,428

ZONING

I-2

APN/PARCEL ID

71-08-12-376-029.000-026,71-08-12-376-030.000-026,71-08-12-379-001.000-026,71-08-12-379-002.000-026,71-08-12-379-003.000-026,71-08-12-379-004.000-026,71-08-12-379-005.000-026

ASK ABOUT THIS PROPERTY

Judd DunningDWG CAPITAL GROUP ( Formerly NGKF/ARA)More Info
310-261-8428

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Judd DunningDWG CAPITAL GROUP ( Formerly NGKF/ARA)More Info
310-261-8428

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