Rare contiguous 16.69-acre commercial campus with direct frontage on State Road 19 in Elkhart, Indiana - the RV manufacturing capital of the United States - in a county holding 2.6% industrial vacancy.
Six buildings and 88 separately leasable spaces produce seven distinct income streams: a 40,200 SF climate-controlled resale mall anchored by a sit-down restaurant, 25,720 SF of anchor and small-bay industrial, an 8,880 SF clear-span service building, and 18,334 SF of drive-up self-storage across 56 units built between 2016 and 2018.
Patrick Industries (NASDAQ: PATK) occupies 29,196 SF across two buildings on a newly signed triple-net lease, and has been in continuous occupancy since 2018. Twenty-three tenants in total, so no single space carries the campus.
Net operating income has grown 14.1% over two years and 9.8% in 2026, while property taxes fell 12.1% and the assessment dropped 17.9%. Ownership's books reconcile to Elkhart County tax records to the penny. The on-site management operation conveys with the sale.