Listed by Pinnacle Properties
$46,333,406
Soaring Rail
Details
Property Type Industrial
Sub Type Manufacturing, Warehouse
Square Footage 500,000
Cap Rate 7%
NOI $3,243,338
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 5
Lease Expiration 01/31/2030
Remaining Term 3.6
Price per SqFt $93
Year Built 2024
Stories 1
Acreage 49.290
Zoning M-2
Investment Type Net Lease
Lease Commencement 02/01/2025
Ceiling Height 38'
Loading Docks 50
Industrial | 7.00% CAP | 500,000 SqFt
Marketing description
500,000 SF fully leased, steel-constructed industrial facility built in 2024, offering modern infrastructure, newer construction, and reduced near-term capital needs. AM General lease runs to 12/31/33. Dometic lease runs to 1/31/30.
Situated on 49.29 acres, the property is rail-served by Watco and zoned M-2 (Heavy Manufacturing). Easily divisible into ±100,000 SF suites.
Investment highlights
Key Features:
50 dock-high doors (10 per suite)
13–14 grade-level doors (14’–18’)
8 rail doors
42’ eave height / 38’ clear height — among the tallest in Elkhart County
8” reinforced concrete floors
80’ x 50’ bay spacing
LED lighting throughout
Listing Contacts
Listed by Pinnacle Properties
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$3,243,338.00
$270,278.17/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
