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Bowdoin 822 Middlebury St 28,000 SF Flex Building Elkhart, IN 46516 $1,400,000 ($50/SF) 10% Cap Rate
Investment Highlights
- 5-year sale leaseback of 28,000 SF producing $140,000 of cash flow, $5 psf NNN.
- Recent upgrades include we roof, LED lights, remodeled office, dock lever, which decreases repairs and maintenance budget
- Strong tenant with 22 year operation history through 5 US locations
- Great location next to Downtown Elkhart and Elkhart High School
Executive Summary
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 manufacturing investors. 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 generating $140,000 in cash flow, this investment presents a secure income stream. Situated in a desirable location adjacent to Downtown Elkhart and Elkhart High School, this property is a compelling opportunity for Investors seeking a stable and high-yield investment.
Property Facts
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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Property Taxes
| Parcel Number | 20-06-04-379-001.000-012 | Improvements Assessment | $861,200 |
| Land Assessment | $68,500 | Total Assessment | $929,700 |
Property Taxes
Parcel Number
20-06-04-379-001.000-012
Land Assessment
$68,500
Improvements Assessment
$861,200
Total Assessment
$929,700
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Bowdoin | 822 Middlebury St
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