5760 Nimtz PkwySouth Bend, IN 46628

For Sale
$1,500,000

Class A Office, 8,719 SF, 7.52% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional Class A office building, totaling 8,719 square feet, presents a compelling investment opportunity. Located at 5760 Nimtz Parkway in South Bend, Indiana's Blackthorn Corporate Park, this single-tenant, net-lease property boasts a 7.52% cap rate. Built in 2015 on a half-acre lot, the two-story building features beautiful finishes, abundant natural light, and is meticulously maintained. Currently leased to The AME Group, a leading regional IT consulting firm, the lease includes a five-year renewal option exercised in June 2023. The property enjoys a prime location adjacent to the Blackthorn golf course, offering stunning views. Situated on a cul-de-sac with ample parking, it's near other Class A office buildings and benefits from excellent access to major roadways, including the Indiana 80/90 Toll Road, US 20/31 Bypass, and South Bend International Airport. The surrounding area has a population of approximately 250,000 within a 10-mile radius. The current lease is at market rent of $12.94 per square foot, with CAM charges of approximately $6.80 per square foot. The tenant may be open to early termination, presenting an opportunity for a new occupant. Seller financing may be available, subject to final deal terms. This property offers a strong combination of location, tenant quality, and financial performance. The APN is 71-03-20-300-024.000-009. The asking price is $1,500,000.

Highlights

  • Leased to The AME Group, a leading regional IT consulting firm, with a recent 5-year renewal through June 1, 2023.
  • 2015-built Class A office building with high-end finishes, abundant natural light, excellent condition, and Blackthorn golf course views.
  • Located on a cul-de-sac with ample parking near two other Class A office buildings.
  • Situated in Blackthorn Corporate Park (115 acres), offering easy access to major roadways (IN-80/90 Toll Road, US 20/31 Bypass) and South Bend International Airport.
  • Strong demographics: ~250,000 population within a 10-mile radius.
  • Market rent: $12.94/SF, NNN lease with CAM of approximately $6.80/SF.

Property Details for 5760 Nimtz Pkwy

Property type
Other office properties, Office properties
Square Feet
8,719 SF
Class
A
Year Built
2015
Buildings
1
Stories
2
Lot Size (sq. ft)
21,780 SF

Location Insight

City
South Bend
County
St. Joseph
State
Indiana
Latitude
41.7254317
Longitude
-86.329199
5760 Nimtz Pkwy, South Bend, Indiana

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5760 Nimtz Pkwy
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