320 E Colfax Ave - Apartments CONDO FOR SALE


South Bend, IN 46617- Northeast South Bend
$5,238,500 USD
212-430-5291
320 E Colfax Ave, South Bend, IN for Sale
$5,238,500 USD
Apartments CONDO - FOR SALE
1/22
null | 5.25% Cap Rate

320 E Colfax Ave
South Bend, IN 46617
Northeast South Bend


HIGHLIGHTS

  • The property features a patio overlooking the St. Joseph River.
  • The triple net lease is guaranteed by the Navarre Hospitality Group.
  • The lease has eight years of term remaining.
  • Construction is beginning on a second luxury mixed-use tower nearby.

OVERVIEW

Unique fine dining establishment on the St. Joseph River with high reported sales, located 1.5 miles south of Notre Dame. The property features a 7,800-square-foot space with a patio overlooking the river, backed by a triple net lease guaranteed by the Navarre Hospitality Group with eight years remaining.

FOR SALE DETAILS

PRICE

$5,238,500 USD

PRICE/SF

$672 USD /SF

CAP RATE

5.25%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Three Twenty at the Cascade

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

66,076 SF

STORIES

7

BUILDING CLASS

B

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,975 SF

ZONING

C

APN/PARCEL ID

71-08-12-130-015.000-026,71-08-12-130-019.000-026,71-08-12-130-025.000-026

ASK ABOUT THIS PROPERTY

Jesse LimonMarcus & Millichap | Limon Net Lease GroupMore Info
212-430-5291

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

Jesse LimonMarcus & Millichap | Limon Net Lease GroupMore Info
212-430-5291

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