822 Middlebury St - Light Manufacturing FOR SALE


Elkhart, IN 46516- Tipton Area
$1,400,000 USD
260-452-7525
822 Middlebury St, Elkhart, IN for Sale
$1,400,000 USD
Light Manufacturing - FOR SALE
1/16
null | 10% Cap Rate

822 Middlebury St
Elkhart, IN 46516
Tipton Area


HIGHLIGHTS

  • 5-year sale leaseback of 28,000 SF at $5 per sqft producing $140,000 of cash flow
  • Strong tenant with 22 year operation history through 5 US locations
  • Recent upgrades include we roof, LED lights, remodeled office, dock lever, which decreases repairs and maintenance budget
  • Great location next to Downtown Elkhart and Elkhart High School

OVERVIEW

Introducing a prime industrial opportunity at 822 Middlebury St, Elkhart, IN. This impressive 28,000 SF industrial building, with 100% occupancy, is a strategic acquisition for investors. The property is leased to CAD Import Inc. who is a leading importer & distributor of Latin American goods in the U.S. They have been in operation for 22 years and have 5 U.S. locations. The M-1 zoned property, constructed in 1972, offers a single unit with modern amenities, including a new roof, energy efficient LED lights, remodeled office space, and upgraded dock levelers. With a lucrative 5-year sale leaseback at $5 per sqft NNN generating $140,000 in cash flow, this investment presents a strong income stream. Situated in a desirable location adjacent to Downtown Elkhart and Elkhart High School, this property is a compelling opportunity for industrial and manufacturing entities seeking a high-yield investment.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$50 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bowdoin

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

UTILITIES

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

CLEAR CEILING HT

18 Ft

DOCKS

1

DRIVE INS

2

PARKING SPACES

10

LAND DETAILS

LAND ACRES

4.61

LAND SF

200,812

ZONING

M-1

APN/PARCEL ID

20-06-04-379-001.000-012

ASK ABOUT THIS PROPERTY

James JamicichXplor Commercial Real Estate Corp.More Info
260-452-7525

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James JamicichXplor Commercial Real Estate Corp.More Info
260-452-7525

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