1915 Bendix Dr

South Bend, Indiana

Net Lease | Single, Quality Tenant Investment Opportunity

Property Snapshot

  • Building: 64,500 SF
  • Office SF: 3,700 SF
  • Warehouse SF: 20,600 SF; 40,200 SF (Production)
  • Land: 4.49 Acres
  • Year Built: 1975 (Production & Office), 2002 (Warehouse)
  • Zoning: LI (Light Industrial)
  • Parking: 137 Surface Spaces
  • OH Doors: 1 -- 10' x 12'
  • Docks/Levelers: 3 -- 8' x 8'
  • Lighting: Fluorescent & Metal Halide
  • Signage: Building
  • Ceilings: 13.5'-18'
  • Power: 1200 Amp/480 Volt 3-Phase, 4-Wire
  • Sprinklered: Yes
  • Security: Yes
  • Utilities: Municipal Water & Sewer; Gas & Electric
  • HVAC: Gas Forced Air Heat & A/C
  • Annual Taxes: $31,296.02
  • List Price: $1,500,000

Property Details

Net leased, single-tenant investment opportunity. New lease in place with quality tenant. High-tech manufacturing facility consisting of 64,500 SF on 4.49 acres. The building is steel frame structure with masonry covered block and metal siding. In 2002 the entire facility was updated including all new mechanicals, new electric service and a new roof in 2016. The building is divided into a warehouse, production and office areas.

The warehouse offers 20,600 SF (116’ x 162’) with two (2) docks with electric openers (one with leveler), 55’ x 25’ bay spacing, 13.5’ to 18’ ceiling height and metal halide lighting. The warehouse is heated and cooled with two (2) gas forced air heat and two (2) central air units. 

The production area offers 40,200 SF (100’ x 402’) with one (1) 10’ x 12’ overhead door, one (1) 8’ x 8’ dock, 50’ x 24’ bay spacing, airlines, buss ducts, fluorescent lighting and four (4) restrooms. The production area is heated and cooled with eight (8) gas forced air heat and eight (8) central air conditioning units. 

The 3,700 SF office area consists of classroom/training room, file storage areas, four (4) private offices, a large open area, reception area, kitchenette, and men’s and women’s restrooms. 

Additional information on the financial aspects of this offering is available upon execution of a confidentiality agreement.

Location

The property is located on the northwest side of South Bend near several industrial, warehouse/distribution and professional office parks. St. Joseph County offers low utility costs, a competitive tax structure, real estate tax abatement and state-of-the-art fiber optic digital switching capabilities (MetroNet). The property is within minutes to the South Bend Airport, Blackthorn Corporate Park and the Blackthorn Golf Club. Additionally, the subject property is located approximately 2.5 miles from the I-80/90 Indiana Toll Road and US 20/31 ByPass. National distribution operations have selected the county because it allows the ability to provide superior service to a significant portion of the country’s population. UPS’ one-day service can reach 40.2 million customers. In fact, Indiana is within a one-day drive of 80 percent of the U.S. population.

Indiana offers a pro-growth environment, skilled workforce, and targeted business incentives to companies from across the country and around the world. Indiana also provides the business environment needed to branch out and the industry-designed initiatives designed to stimulate growth, innovation and profits. Indiana enjoys a “AAA” credit rating, capped property taxes, State tax exemption for patents developing new business technology or processes, and R & D sales tax credit on research and development equipment.

For More Information Please Contact

Tony Davey
Senior Broker
574.485.1536
tdavey@cressy.com

TONY DAVEY
Senior Broker
574.485.1536
tonydavey@cressyandeverett.com

Rick Doolittle
Sales Manager, Principal
574.485.1535
rdoolittle@cressy.com