Listed by Marcus & Millichap - Indianapolis
$5,300,000
SAMUEL METAL SPINNERS
Details
APN 76-06-15-000-001.050-012, 76-06-23-310-208.000-012, 1134202001
Property Type Industrial
Sub Type Manufacturing, Warehouse
Square Footage 154,080
Cap Rate 8.31%
NOI $440,583
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 08/31/2033
Remaining Term 7
Price per SqFt $34
Year Built 1970
Year Renovated 2024
Buildings 3
Acreage 10.280
Zoning I2, Moderate Intensity Industrial, M-2, General Industrial District
Investment Type Net Lease
Lease Commencement 09/01/2005
Ground Lease No
Industrial | 8.31% CAP | 154,080 SqFt
Marketing description
PORTFOLIO OVERVIEW
- Rare three-building, single-tenant absolute net lease (STNL) industrial portfolio — two properties fully occupied by a single international credit tenant across two states
- 7 years of lease term remaining across all three buildings, providing an investor with an exceptional long-duration, passive income stream from day one
- 20+ year operating history at these specific locations
- Geographically diversified across Angola, Indiana (two buildings) and Rock Falls, Illinois — two proven Midwest industrial submarkets with strong manufacturing fundamentals
- Offered as a portfolio — a turn-key, fully occupied multi-building industrial acquisition with no lease-up risk and no near-term rollover exposure
Investment Highlights & Value Proposition
- Institutional-quality, passive income stream — 7 years of lease term remaining across three buildings eliminates management complexity, leasing risk, and near-term rollover exposure
- Backed by an international parent (Samuel, Son & Co.) with a 170-year operating history and a continent-wide manufacturing and distribution platform
- Midwest industrial corridor positioning offers access to major freight networks, population centers, and a deep skilled labor pool at below-coastal operating costs
- Strong industrial real estate fundamentals in both markets — limited new supply and sustained manufacturing demand support long-term occupancy and rent growth
- Ideal for 1031 exchange buyers, net lease investors, or institutional capital seeking durable, credit-backed cash flow in the industrial sector
Samuel Metal Spinners
A division of Samuel, Son & Co., Limited — Mississauga, Ontario, Canada | Founded 1855
- Samuel, Son & Co. is a Canadian multinational and one of North America's largest integrated metal processors, manufacturers, and distributors — a family-owned enterprise with 5,200+ employees across 100+ facilities throughout North America
- Samuel Metal Spinners is a leading precision metal-forming company specializing in metal spinning, hydroforming, and deep drawing for the air handling, energy, agriculture, aerospace, and automotive industries
- Samuel acquired Metal Spinners Holdings in 2018 to accelerate its aerospace growth strategy — affirming the long-term strategic value of these Indiana and Illinois production facilities
- Serves major aerospace and industrial OEMs globally; recognized as a market leader with a blue-chip, multinational customer base
- Tenant's 20+ year presence at these locations, combined with 7 years of lease term remaining, reflects a level of operational commitment that is exceptionally rare in the net lease industrial market
- Continued investment in CNC automatic lathes and advanced laser technology at these facilities signals sustained, long-term operational commitment
Angola, IN — Market & Location Highlights
800 Growth Pkwy & 914 Wohlert St | Fort Wayne–Huntington–Auburn CSA
- Angola is situated approximately 45 minutes north of Fort Wayne, IN — Indiana's second-largest city and anchor of a Combined Statistical Area with over 645,000 residents
- Angola is a designated Micropolitan Statistical Area within the Fort Wayne CSA, offering lower-cost industrial real estate with direct access to major-market labor and logistics infrastructure
- Direct access to I-69, a primary north-south freight corridor connecting Indianapolis to the Michigan state line — critical for Samuel's multi-regional distribution and supply chain network
- Steuben County's manufacturing-driven economy mirrors the tenant's operational profile; major area employers include Autoform Tool & Mfg and Vestil Manufacturing
- Trine University and Purdue Fort Wayne support a skilled technical and engineering workforce pipeline serving the broader northeast Indiana industrial base
- Available IEDC incentives including tax credits, grants, and customized training programs further reduce tenant operating costs and reinforce long-term occupancy
Rock Falls, IL — Market & Location Highlights
802 E. 11th St | I-88 / Ronald Reagan Memorial Tollway Corridor
- Centrally positioned between the Quad Cities MSA (~55 miles southwest, 467,000+ population) and the Rockford MSA (~70 miles northeast, 349,000+ population) — two of northern Illinois' largest industrial hubs
- Direct access to I-88 (Chicago–Kansas City Expressway) via two interchanges — connecting to Chicago's western suburbs in ~1 hour and downtown Chicago in ~2 hours
- Situated at the intersection of US Route 30 and IL Route 40, key arterial corridors supporting regional manufacturing and freight movement
- Whiteside County Enterprise Zone provides significant industrial incentives including tax credits, exemptions, and development grants supporting tenant operations and investor value
- Whiteside County Airport (6,500 ft. runway) located less than ½ mile from I-88 — providing air freight access and executive travel convenience
- Rock Falls' municipal electric utility holds a Platinum RP3 rating — the highest-ranked municipal electric system in Illinois — a meaningful cost and reliability advantage for energy-intensive industrial manufacturing
Investment highlights
- Rare three-building, single-tenant absolute net lease (STNL) industrial portfolio — two properties fully occupied by a single international credit tenant across two states
- 7 years of lease term remaining across all three buildings, providing an investor with an exceptional long-duration, passive income stream from day one
- 20+ year operating history at these specific locations
- Geographically diversified across Angola, Indiana (two buildings) and Rock Falls, Illinois — two proven Midwest industrial submarkets with strong manufacturing fundamentals
- Offered as a portfolio — a turn-key, fully occupied multi-building industrial acquisition with no lease-up risk and no near-term rollover exposure
- Institutional-quality, passive income stream — 7 years of lease term remaining across three buildings eliminates management complexity, leasing risk, and near-term rollover exposure
- Backed by an international parent (Samuel, Son & Co.) with a 170-year operating history and a continent-wide manufacturing and distribution platform
- Midwest industrial corridor positioning offers access to major freight networks, population centers, and a deep skilled labor pool at below-coastal operating costs
- Strong industrial real estate fundamentals in both markets — limited new supply and sustained manufacturing demand support long-term occupancy and rent growth
- Ideal for 1031 exchange buyers, net lease investors, or institutional capital seeking durable, credit-backed cash flow in the industrial sector
Listing Contacts
Listed by Marcus & Millichap - Indianapolis
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$440,583.00
$36,715.25/mo
Valuation Metrics
0
DSCR
8.31%
Cap Rate
8.31%
ROI
Map
Zoning
I2 IndustrialModerate Intensity Industrial
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