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34393998
34393999

1655 E 12th St, Mishawaka, IN 46544 For Sale

AM
Myers Trust Real Estate
Listed by Myers Trust Real Estate
$3,676,400
170 days on market
Updated 3 days ago

1655 E 12th St

Details
APN 71-09-23-100-002.000-022
Property Type Industrial
Sub Type Distribution, Warehouse (+1)
Square Footage 91,910
Net Rentable (SqFt) 91,910
Units 1
Cap Rate 11.26%
NOI $414,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $40
Year Built 1968, 1998
Buildings 1
Stories 1
Acreage 9.590
Zoning I-1
Investment Type Owner/User
Occupancy Date 07/01/2026
Ground Lease No
Ceiling Height 10'-17'
Loading Docks 2
Dock High Doors 12

Industrial | 11.26% CAP | 91,910 SqFt

Marketing description

Single tenant industrial facility located on the south side of Mishawaka with a newly-signed lease extension with Dexter Distribution Group, LLC. Property offers convenient access to Capital Ave, with connectivity to US 20 and the 80/90 Toll Road. The building features heavy power distributed throughout, updated office space, and a large showroom. A additional key features include high parking-to-building ratio, along with multiple dock doors and several overhead doors. Good opportunity for a high cash flowing investment.

Investment highlights

Single tenant industrial facility located on the south side of Mishawaka with a newly-signed lease extension with Dexter Distribution Group, LLC. Property offers convenient access to Capital Ave, with connectivity to US 20 and the 80/90 Toll Road. The building features heavy power distributed throughout, updated office space, and a large showroom. A additional key features include high parking-to-building ratio, along with multiple dock doors and several overhead doors. Good opportunity for a high cash flowing investment.

Listing Contacts

AM
Myers Trust Real Estate
Listed by Myers Trust Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$414,000.00
$34,500.00/mo

Valuation Metrics

0
DSCR
11.26%
Cap Rate
11.26%
ROI

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