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31660090
31660094

3 Locations

JD
IN RB14051407
Marcus & Millichap - Indianapolis
FB
IN AB21405968
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis
$5,300,000
57 days on market
Updated 13 days ago
Opportunity zone

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

JD
IN RB14051407
Marcus & Millichap - Indianapolis
FB
IN AB21405968
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$440,583.00
$36,715.25/mo

Valuation Metrics

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DSCR
8.31%
Cap Rate
8.31%
ROI

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Additional Information

Name
Julia Evinger
License
RB14040143
Title
Broker of Record
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