New! For Lease | ±65,256 SF | Market Rent | South Bend Industrial

Highlights:

• Downtown South Bend Industrial Submarket - 3.1% Vacancy
• 745k SF Net Absorption | Zero New Supply Delivered
• 90 MI to Toledo | 88 MI to Fort Wayne | 150 MI to Chicago
• Prestigious University Adjacent | 6 Min Drive from Notre Dame

Description:

Marketing description
DWG Capital Group, as the exclusive advisor, is pleased to present 301 E Sample St, South Bend, Indiana, a ±65,256 SF freestanding industrial facility on ±4.37 acres in the core of downtown South Bend's industrial submarket. The asset is being brought to market for the first time in over 20 years. The property delivers vacant and offers a rare, multi-path repositioning opportunity in a 3.1% vacancy submarket with zero new supply under construction. Asking $5,500,000 (~$84 PSF) for sale or $6.25 PSF NNN for lease (3.0% annual escalations), the asset prices materially below replacement cost and supports a credible 5 to 7 year proforma future value of $7M+ at a ~7.00% exit cap.

Investment highlights
SALE / LEASE OPTION

±65,256 SF TOTAL | IN-PLACE OFFICE

$5,500,000 SALE | $6.25 PSF NNN LEASE

POWER, PARKING & FULL-BUILDING FUNCTIONALITY

Full-building single-tenant occupancy or partial demise across

3 functional zones

600A heavy power | 120/208V & 120/240V 3-Phase | 4W | 65K

AIC In-place office, conference, training, quality control, and

sample room buildout

Centralized loading dock with 2 exterior dock-high doors plus

1 drive-in door

Specialty buildout including ink-mixing clean room and foodgrade storage precedent

Dual street frontage on Sample St (south) and Tutt St (north)

Rail-adjacent to the NY Central corridor (north boundary)

±1.93 AC adjacent excess development land for IOS, trailer

parking, or build-to-suit

Suitable for printing, packaging, light manufacturing, foodadjacent, distribution, contractor, or owner-user occupancy

Multiple paths to value: stabilized lease-up, single-tenant sale,

partial demise, or owner-user reuse

WAREHOUSE CONFIGURATION

24' clear height throughout

Open-span warehouse with prior industrial racking

Centralized loading dock zone

In-place ink-mixing clean room

Food-grade storage room precedent

1 Space Available

Documents: