445 N Sheridan - Manufacturing FOR SALE


South Bend, IN 46619- West South Bend
$14,366,000 USD
317-410-8788
445 N Sheridan, South Bend, IN for Sale
$14,366,000 USD
Manufacturing - FOR SALE
1/16
null | 7.37% Cap Rate

445 N Sheridan
South Bend, IN 46619
West South Bend


HIGHLIGHTS

  • The property was developed specifically for the tenant’s operations, aligning building design with operational needs and reducing re-tenanting risk
  • GTA Containers is a long-standing manufacturer that built and fully occupies the two neighboring properties
  • Approved tax abatements enhance cash flow durability and demonstrate public-sector commitment to industrial investment and job creatio
  • South Bend’s access to regional transportation corridors supports manufacturing and logistics activity throughout northern Indiana
  • Limited supply of modern industrial product and sustained demand from manufacturing users support long-term investment fundamentals

OVERVIEW

Founded in 1988, GTA Containers is a leader in the design and manufacture of both military vehicle covers and doors and large-scale flexible fluid containment, transport and distribution systems. Our facilities span three plants and feature over 200,000 sq. ft. of manufacturing space to meet the needs of commercial and military clients alike. By offering unparalleled technical expertise, consistent quality, and reliable delivery, GTA is a trusted manufacturer for the United States Marine Corps, Army, Air Force, and foreign militaries. Our products are built to Military Specifications and grouped into the following four categories: • Flexible Pillow Tanks for large-scale fluid transport and storage • Doors and Covers for Military Vehicles, Troop Carriers and Tactical Trailers • Large-scale, Engineered Systems for the transport, storage and distribution of a multitude of fluids including potable and irrigation water, gasoline and diesel for military fuel farms, agricultural fertilizers and emergency drinking water • Replacement Parts, Accessories and Exceptional Service Investment Overview: 445 N. Sheridan Street is a build-to-suit industrial distribution and production facility developed to support the long-term, expanding operational needs of GTA Containers, who built and fully occupies the two neighboring properties. The property represents a modern build-to-suit development designed for specialized manufacturing use, storage, and distribution, offering investors exposure to a mission-critical facility occupied by an established industrial operator. The development reflects continued reinvestment in South Bend’s industrial base, transforming an underutilized site into a modern production facility aligned with current manufacturing standards. Municipal support for the project underscores the city’s commitment to retaining and expanding industrial employers within the local economy. 445 N. Sheridan Street presents a compelling industrial investment opportunity anchored by a purpose-built facility and an established manufacturing tenant. The property benefits from modern construction, municipal support, and placement within a stable and evolving industrial market. Combined with South Bend’s strategic location, industrial momentum, and long-term manufacturing fundamentals, this asset aligns well with investors seeking durable cash flow, reduced functional risk, and exposure to Midwest industrial growth. Asset Type: Build-to-Suit Industrial Manufacturing Facility Tenant: GTA Containers Development Type: Single-Tenant Build-to-Suit Industrial Development Overview The property was developed as a build-to-suit industrial facility specifically tailored for GTA Containers’ manufacturing and operational requirements. The project includes a newly constructed industrial building with layout, infrastructure, and utility capacity designed to support container manufacturing, assembly, storage, and distribution functions. Key Characteristics of the development include: • Purpose-built industrial design aligned with tenant specifications • Modern construction supporting efficient manufacturing workflows • Infrastructure designed for heavy equipment, production operations, and logistics • Long-term occupancy by an established industrial user • Public-sector support through approved real and personal property abatements The development represents a meaningful private capital investment and contributes to local job creation, reinforcing the site’s importance within South Bend’s industrial landscape. Build Details & Physical Characteristics The build-to-suit nature of the project reduces functional obsolescence and positions the property as a long-term, mission-critical asset for the tenant.While finalized architectural specifications should be referenced for exact details, the facility was designed to meet modern industrial standards and manufacturing demands, including: • Industrial zoning suitable for manufacturing and distribution • High-clearance production and storage areas • Dock-high and/or drive-in loading to support efficient shipping and receiving • Heavy-duty floor slabs designed for manufacturing equipment • Utility infrastructure sized to accommodate industrial power and operational needs • Site layout allowing for efficient truck circulation and employee access Build-to-Suit Industrial Asset The property was developed specifically for the tenant’s operations, aligning building design with operational needs and reducing re-tenanting risk. Established Industrial Tenant GTA Containers is a long-standing manufacturer that built and fully occupies the two neighboring properties, providing stability and alignment with the local workforce and economic base. Municipal Support & Incentives Approved tax abatements enhance cash flow durability and demonstrate public-sector commitment to industrial investment and job creation. Strategic Midwest Location South Bend’s access to regional transportation corridors supports manufacturing and logistics activity throughout northern Indiana and the greater Midwest. Favorable Industrial Market Dynamics Limited supply of modern industrial product and sustained demand from manufacturing users support long-term investment fundamentals. South Bend serves as a key economic hub in northern Indiana with a long-standing manufacturing and industrial heritage. The city benefits from its central Midwest location, providing access to major population centers including Chicago, Detroit, and Indianapolis. This positioning supports logistics, manufacturing, and supply-chain-oriented industries. The local economy has evolved to include advanced manufacturing, logistics, technology infrastructure, and data-driven industries, while maintaining its core industrial foundation. Industrial Market & Development Activity • Manufacturing expansion and modernization • Growth in logistics and distribution operations • Increased demand for build-to-suit industrial facilities • Strategic access to interstate highways and freight corridors South Bend and the surrounding St. Joseph County region continue to attract industrial investment driven by: Industrial parks throughout the market have experienced continued tenant demand, with new speculative and build-to-suit developments catering to manufacturing, assembly, and distribution users. Recent investment activity reflects confidence in the region’s workforce, transportation infrastructure, and long-term industrial viability. Major Industrial & Economic Drivers • Advanced manufacturing and fabrication operations • Regional logistics and distribution facilities serving Midwest markets • Large-scale capital investments in industrial and energy-related projects • Expanding data infrastructure and technology-adjacent industrial uses Competitive Advantages Transportation Access: Proximity to major highways and regional freight networks Labor Base: Established manufacturing workforce with industrial skillsets

FOR SALE DETAILS

PRICE

$14,366,000 USD

PRICE/SF

$486 USD /SF

CAP RATE

7.37%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GTA Containers Built-to-Suit

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

5

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.83

LAND SF

428,195

ZONING

-

APN/PARCEL ID

71-08-04-376-017.000-026

ASK ABOUT THIS PROPERTY

Joseph DiSalvoMarcus & MillichapMore Info
317-410-8788

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Joseph DiSalvoMarcus & MillichapMore Info
317-410-8788

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