Skip to main content

Single-Tenant Office

Deluxe Sheet Metal

6561 Lonewolf Drive, South Bend, IN 46628

Listing Price: $16,043,478

Cap Rate
5.75%
Tenant Name
Deluxe Sheet Metal
Years Remaining On Lease
14.5
Gross SF
72,490
Guarantor
Corporate Guarantee
Rentable SF
72,490
Price/Gross SF
$221.32
Lease Type
Absolute Net
Rent Per Square Feet
$12.73

Investment Overview

Marcus & Millichap is pleased to present the opportunity for an investor to acquire a Class A single tenant net-leased office/light industrial building located at 6561 Lonewolf Drive in South Bend, Indiana. This high-profile trophy asset was designed and built by Deluxe Sheet Metal and maintains the perfect build-out for their use. With an excellent location just off Indiana Toll Road Interstate 80/90, the property is minutes from the South Bend International Airport and is highly visible to passing traffic. The sale includes two buildings totaling 74,226 gross rentable square feet laying on a parcel of approximately 6.18 acres. The property lies in the midst of a vibrant Industrial, manufacturing, and distribution hub. With many complimentary tenants in the immediate vicinity such as: Dwyer, FedEx, Penske, United Rentals, Walmart, Meijer and many more. The lease includes 2.5 percent annual rental increases providing the Landlord with a significant hedge against inflation. The tenant, Deluxe Sheet Metal, Inc. has been in business since 1971. The company specializes in all aspects of commercial and industrial sheet metal installations with heating, venting and air conditioning fabrication and installation the core of its business. Alpine 4 Technologies Ltd. (OTCQB: ALPP) is the parent company of the Tenant, Deluxe Sheet Metal, Inc. ("DSM"). ALPP acquired DSM in November of 2019. ALPP has a market capitalization of close to $400 million dollars. ALPP has provided a full guaranty of the lease with DSM. Several other affiliates of ALPP and DSM have also provided lease guaranties, including Morris Sheet Metal, Corp. and Quality Circuit Assembly, Inc.

Investment Highlights

  • Class A Office/Industrial Building on Busy Interstates 80/90 Interchange
  • Adjacent land for future expansion
  • Part of Global Access Points direct dark fiber corridor
  • New 15-Year Absolute Net Lease
  • Corporately guaranteed lease with public entity with annual rent increases
  • 100 Percent Occupied by Seasoned Tenant with Over 40 Years of Experience

Exclusively Listed By

  • Tim Giambrone

    Senior Vice President Investments

    (678) 808-2731

    Email Tim

    License(s): GA: 265556

    Atlanta

  • John A. Mundell

    First Vice President Investments

    Email John

    License(s): MI: 6506046921

    Detroit

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Single-Tenant Office

Deluxe Sheet Metal

Listing Price: $16,043,478

Cap Rate
5.75%
Tenant Name
Deluxe Sheet Metal
Years Remaining On Lease
14.5
Gross SF
72,490
Guarantor
Corporate Guarantee
Rentable SF
72,490
Price/Gross SF
$221.32
Lease Type
Absolute Net
Rent Per Square Feet
$12.73

Investment Highlights

  • Class A Office/Industrial Building on Busy Interstates 80/90 Interchange
  • Adjacent land for future expansion
  • Part of Global Access Points direct dark fiber corridor
  • New 15-Year Absolute Net Lease
  • Corporately guaranteed lease with public entity with annual rent increases
  • 100 Percent Occupied by Seasoned Tenant with Over 40 Years of Experience

Investment Overview

Marcus & Millichap is pleased to present the opportunity for an investor to acquire a Class A single tenant net-leased office/light industrial building located at 6561 Lonewolf Drive in South Bend, Indiana. This high-profile trophy asset was designed and built by Deluxe Sheet Metal and maintains the perfect build-out for their use. With an excellent location just off Indiana Toll Road Interstate 80/90, the property is minutes from the South Bend International Airport and is highly visible to passing traffic. The sale includes two buildings totaling 74,226 gross rentable square feet laying on a parcel of approximately 6.18 acres. The property lies in the midst of a vibrant Industrial, manufacturing, and distribution hub. With many complimentary tenants in the immediate vicinity such as: Dwyer, FedEx, Penske, United Rentals, Walmart, Meijer and many more. The lease includes 2.5 percent annual rental increases providing the Landlord with a significant hedge against inflation. The tenant, Deluxe Sheet Metal, Inc. has been in business since 1971. The company specializes in all aspects of commercial and industrial sheet metal installations with heating, venting and air conditioning fabrication and installation the core of its business. Alpine 4 Technologies Ltd. (OTCQB: ALPP) is the parent company of the Tenant, Deluxe Sheet Metal, Inc. ("DSM"). ALPP acquired DSM in November of 2019. ALPP has a market capitalization of close to $400 million dollars. ALPP has provided a full guaranty of the lease with DSM. Several other affiliates of ALPP and DSM have also provided lease guaranties, including Morris Sheet Metal, Corp. and Quality Circuit Assembly, Inc.

Exclusively Listed By

  • Tim Giambrone

    Senior Vice President Investments

    (678) 808-2731

    Email Tim

    License(s): GA: 265556

    Atlanta

  • John A. Mundell

    First Vice President Investments

    Email John

    License(s): MI: 6506046921

    Detroit

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

MM Texture Background
MM Textured Background Lower