4350 S Ironwood Dr - Medical FOR SALE


South Bend, IN 46614- Southside South Bend
$4,500,000 USD
610-608-2621
4350 S Ironwood Dr, South Bend, IN for Sale
$4,500,000 USD
Medical - FOR SALE
1/8
null | 6% Cap Rate

4350 S Ironwood Dr
South Bend, IN 46614
Southside South Bend


HIGHLIGHTS

  • CORPORATE-BACKED LEASE WITH ESTABLISHED TENANT
  • EARLY LONG-TERM COMMITMENT SECURED
  • DENSELY POPULATED TRADE AREA
  • NEARBY MAJOR US HIGHWAY (US-20)
  • HIGH-PROFILE ACADEMIC HUB DRIVING LONG-TERM MARKET STABILITY

OVERVIEW

Forged Real Estate is pleased to exclusively offer the fee simple interest in a single-tenant property leased to DaVita Kidney Care (the “Property”), located in South Bend, Indiana, an established regional hub situated along the St. Joseph River and serving as the county seat of St. Joseph County. The tenant operates under a double-net (NN) lease with scheduled 2% annual rent increases beginning in 2032, offering built-in income growth. The lease is guaranteed by DaVita Healthcare Partners, Inc. (NYSE: DVA), providing investors with the security of a corporate-backed obligation. Rated BB by Standard & Poor’s, DaVita is a nationally recognized healthcare provider and has earned recognition as one of Fortune’s World’s Most Admired Companies for 15 consecutive years. Demonstrating strong financial performance, the company generated $506 million in operating income in Q3 2025. Further solidifying the investment’s stability, the tenant proactively executed a 7-year lease extension well ahead of expiration, resulting in more than 11 years of remaining term, a clear indicator of long-term confidence in the location and continued operational commitment. This combination of corporate credit, extended lease duration, and steady rent growth positions the offering as a compelling opportunity for investors seeking durable, predictable cash flow. The property is further strengthened by its prime positioning within a densely populated trade area, with more than 132,000 residents and 55,000 households located within a five-mile radius. This strong population base reinforces consistent demand for essential healthcare services and supports long-term tenant performance. Additionally, the property benefits from excellent regional connectivity, situated less than half a mile from U.S. Highway 20, a major coast-to-coast arterial carrying approximately 39,300 vehicles per day. This high traffic volume enhances visibility and accessibility, further contributing to the site’s long-term operational viability and investment stability.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$500 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DaVita Dialysis

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

CB

APN/PARCEL ID

71-09-29-151-007.000-033

ASK ABOUT THIS PROPERTY

Marc MandelForged Real EstateMore Info
610-608-2621

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

Marc MandelForged Real EstateMore Info
610-608-2621

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