Single-Tenant Industrial

LML Automated Systems, Inc.

361 Shadyside Rd, Chesterton, IN 46304

Listing Price: $500,000

Cap Rate
8.10%
Gross SF
7,020
Price/Gross SF
$71.23
Lot Size
4.22 acres
Year Built
1999
Rentable SF
7,020

Investment Overview

Marcus & Millichap has been selected to exclusively represent 361 Shadyside Drive, Burns Harbor, Indiana leased to LML Automated Systems, Inc. Corporate Headquarters. The subject property consists of one, 7,020 SF building on ~4.22 acres. In total, the warehouse benefits from a 14’ High Drive In. The Corporate two story office area consists of eleven offices in 4,440SF of the total 7,020SF, or 63% of the total Gross Leasable Area. Burns Harbor is part of Chicagoland (Metropolitan Chicago), the nation’s third largest regional economy, with a population of 9.56 million. The City of Chicago is a key national transportation point with the third busiest airport and busiest rail hub in the nation. Burns Harbor’s strategic location within Northwest Indiana offers low-cost, high quality living with easy access to Chicago and the logistical and economic benefits of the Chicagoland region. The Port of Indiana-Burns Harbor has nearly 600 acres of land and 30 port companies, including 15 steel-related companies and three steel mills. The port handles about 9,000 rail cars, 75 ships, 350,000 trucks, 375 barges and 200 Great Lakes vessels a year. The Port also accounts for 30,000 jobs and contributes $4.8 billion in economic activity to the local economy each year. LML Automated Systems, Inc. is a $3 Million revenue company with 19 employees. They specialize in professional engineering and panel manufacturing services for the nearby steel mills. They also have a customer base across the US and across a variety of industries including steel, food, water treatment, paper, and pharmaceutical. One of their largest customers, ArcelorMittal is located just across the highway. LML Automated Systems, Inc. has corporate affiliations with Rockwell Automation, Intellution, Wonderware and Microsoft. The building was a Build to Suit for the company in 1999. LML Automated Systems, Inc. has occupied and operated in the facility since building completion. There is potential to add another flex building on undeveloped portion of lot. LML Automated Systems, Inc. recently executed a 7-year NNN lease that commenced on April 1, 2019 through March 31, 2026, with 5.6 years remaining. The lease also includes one 7-year optional renewal period. The NNN lease structure requires tenant to pay/reimburse Utilities, property taxes, insurance and routine maintenance. Landlord has no responsibilities. The lease provides a 2% rent increase at year four of the current lease term and provides additional rent increases during the optional renewal period.

Investment Highlights

  • 5.6 Years Remaining on Current 7 Year NNN Lease; LML Automated has Occupied Building Since 1999; Originally Build to Suit for the Company
  • Corporate Headquarters; Steel Warehouse with Two Story Office Space; Total GLA 7,020 SF LML Automated Systems founded 1994, A+ (BBB) Credit Rating
  • LML Automated Systems, Inc. provides Electronic and Engineering Control Panels to the Steel Industry, Pharmaceutical, Water Treatment, Chemical, and the Paper Industries among others.

Exclusively Listed By

Financing By

Single-Tenant Industrial

LML Automated Systems, Inc.

Listing Price: $500,000

Cap Rate
8.10%
Gross SF
7,020
Price/Gross SF
$71.23
Lot Size
4.22 acres
Year Built
1999
Rentable SF
7,020

Investment Highlights

  • 5.6 Years Remaining on Current 7 Year NNN Lease; LML Automated has Occupied Building Since 1999; Originally Build to Suit for the Company
  • Corporate Headquarters; Steel Warehouse with Two Story Office Space; Total GLA 7,020 SF LML Automated Systems founded 1994, A+ (BBB) Credit Rating
  • LML Automated Systems, Inc. provides Electronic and Engineering Control Panels to the Steel Industry, Pharmaceutical, Water Treatment, Chemical, and the Paper Industries among others.

Investment Overview

Marcus & Millichap has been selected to exclusively represent 361 Shadyside Drive, Burns Harbor, Indiana leased to LML Automated Systems, Inc. Corporate Headquarters. The subject property consists of one, 7,020 SF building on ~4.22 acres. In total, the warehouse benefits from a 14’ High Drive In. The Corporate two story office area consists of eleven offices in 4,440SF of the total 7,020SF, or 63% of the total Gross Leasable Area. Burns Harbor is part of Chicagoland (Metropolitan Chicago), the nation’s third largest regional economy, with a population of 9.56 million. The City of Chicago is a key national transportation point with the third busiest airport and busiest rail hub in the nation. Burns Harbor’s strategic location within Northwest Indiana offers low-cost, high quality living with easy access to Chicago and the logistical and economic benefits of the Chicagoland region. The Port of Indiana-Burns Harbor has nearly 600 acres of land and 30 port companies, including 15 steel-related companies and three steel mills. The port handles about 9,000 rail cars, 75 ships, 350,000 trucks, 375 barges and 200 Great Lakes vessels a year. The Port also accounts for 30,000 jobs and contributes $4.8 billion in economic activity to the local economy each year. LML Automated Systems, Inc. is a $3 Million revenue company with 19 employees. They specialize in professional engineering and panel manufacturing services for the nearby steel mills. They also have a customer base across the US and across a variety of industries including steel, food, water treatment, paper, and pharmaceutical. One of their largest customers, ArcelorMittal is located just across the highway. LML Automated Systems, Inc. has corporate affiliations with Rockwell Automation, Intellution, Wonderware and Microsoft. The building was a Build to Suit for the company in 1999. LML Automated Systems, Inc. has occupied and operated in the facility since building completion. There is potential to add another flex building on undeveloped portion of lot. LML Automated Systems, Inc. recently executed a 7-year NNN lease that commenced on April 1, 2019 through March 31, 2026, with 5.6 years remaining. The lease also includes one 7-year optional renewal period. The NNN lease structure requires tenant to pay/reimburse Utilities, property taxes, insurance and routine maintenance. Landlord has no responsibilities. The lease provides a 2% rent increase at year four of the current lease term and provides additional rent increases during the optional renewal period.

Exclusively Listed By

Financing By

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