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Patrick Industries Campus 5 Industrial Properties Offered at $8,317,400 in Goshen, IN
Investment Highlights
- Mission-Critical Industrial Campus Leased to a Publicly Traded Tenant
- Stable In-Place Cash Flow from a Functional Five-Building Industrial Campus
- Maximum Flexibility to Renew a Deeply Embedded Tenant or Reposition at Market
- Highly Attractive Basis with Clear Mark-to-Market Yield Expansion
- Strategic Location in a Deep, Low-Vacancy Industrial Market Near Patrick Industries' Headquarters
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a five-building, fee-simple light manufacturing and warehouse campus located at 3352, 3249, and 3125 Maple City Drive, 2761 Firethorn Drive, and 2758 Elder Drive in Goshen, Indiana, leased to Patrick Industries, Inc. The Property consists of approximately 153,848 square feet situated on 16.88 acres across multiple land parcels in the heart of Elkhart County’s nationally recognized manufacturing corridor. The campus has been occupied by Patrick Industries since 2014 and has remained integrated within the company’s northern Indiana operating platform for more than a decade. Patrick has exercised both renewal options under the lease, most recently in June 2024, and retained all five buildings with no reduction in footprint, reinforcing the Property’s continued importance within the company’s regional operations.
Property Facts
| Price | $8,317,400 | Number of Properties | 5 |
| Price / SF | $54.87 / SF | Individually For Sale | 0 |
| Cap Rate | 6% | Total Building Size | 151,597 SF |
| Sale Type | Investment NNN | Total Land Area | 16.91 AC |
| Status | Active |
| Price | $8,317,400 |
| Price / SF | $54.87 / SF |
| Cap Rate | 6% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 151,597 SF |
| Total Land Area | 16.91 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3352 Maple City Dr, Goshen, IN 46526 | Industrial | 51,952 SF | 1988 | - |
| 3249 Maple City Dr, Goshen, IN 46526 | Industrial | 40,000 SF | 1972 | - |
| 2761 Firethorn Dr, Goshen, IN 46526 | Industrial | 23,216 SF | 1995 | - |
| 3125 Maple City Dr, Goshen, IN 46526 | Industrial | 20,429 SF | 1985 | - |
| 2758 Elders Dr, Goshen, IN 46526 | Industrial | 16,000 SF | 1995 | - |
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