Investment Overview

Marcus & Millichap is pleased to present the sale offering of 1011 W Sample Street, a single-tenant net leased industrial investment offering located in South Bend, Indiana. The subject property totals 21,760 square feet while sitting on 7.32 acres. The property is fully occupied by Asplundh Construction, LLC, a leading provider of sustainable vegetation management and utility infrastructure services. Asplundh signed a new three-year net lease which commenced January 1, 2023. The lease contains 4.00 percent annual increases with one three-year option to renew. The purchase of this offering presents an investor with the opportunity to acquire a long-term, passive single-tenant industrial investment. At the current list price of $1,835,000 the offering generates an in-place net operating income of $147,097 which equates to a capitalization rate of 8.02 percent.