Single-Tenant Manufacturing
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501 S OAKLAND AVE, Nappanee, IN 46550
Purpose-built industrial building with an active net lease, rail spur availability, and established tenant occupancy since 2020.
Property Size214,662 SF
Lot Size18.22 Acres
Price / SF$38.67
Days on Market5
Property Features for 501 S OAKLAND AVE
General Information
Standard status
Active
Size
214,662 SF
Lot size
18.22 Acres
Property subtype
Industrial
Occupancy
100%
Net Operating Income
$747,024
Financials
Asking Price
$8,300,000
Cap Rate
9%
Additional Details
Rail Access
Yes
Building Details
Buildings
1
Building Size
214,662 SF
Tenancy
Single
Listing Agency:
Newmark | Orange County - Irvine
Listed By:
Karick Brown · License #02071955
(949) 608-2175
Source:
Crexi
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 19 at 8:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Orange County - Irvine
Investment Insights
Based on property information with market context.
This single-tenant manufacturing and warehouse facility contains approximately 214,662 square feet on approximately 18.22 acres. The purpose-built lamination plant has been occupied by Lippert Components Manufacturing, Inc. since 2020 and is fully leased through April 30, 2030, with approximately 3.7 years remaining. The net lease assigns taxes, insurance, utilities, common area maintenance, HVAC, and non-structural repairs to the tenant, and includes 2.50% annual rent escalations.
The property is located at 501 South Oakland Avenue in Nappanee, Indiana, immediately south of the CSX main line. A rail spur is available, and the facility is positioned near related industrial operations, including Lippert Plant #148-A approximately 0.4 miles to the northwest and Gulf Stream Coach adjoining the south side. Lippert occupies the building under its Plant #148-B designation.
The property is located at 501 South Oakland Avenue in Nappanee, Indiana, immediately south of the CSX main line. A rail spur is available, and the facility is positioned near related industrial operations, including Lippert Plant #148-A approximately 0.4 miles to the northwest and Gulf Stream Coach adjoining the south side. Lippert occupies the building under its Plant #148-B designation.
Key Highlights
- Approximately 214,662‑square‑foot manufacturing and warehouse facility on approximately 18.22 acres
- 100% leased to Lippert Components Manufacturing, Inc. through April 30, 2030
- Approximately 3.7 years of lease term remaining
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Explore this area
Business Placement
Demographics for 46550, IN
12,679
Population
4,656
Households
2.7
Avg Household Size
32
Median Age
9%
College-Educated
72%
High-School Grad
71.6 sq mi
ZIP Area
177
Density / Sq Mi
$80,403
Median Household Income
$42,843
Median Earnings
$867
Median Rent
$232,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Purpose-built industrial building with an active net lease, rail spur availability, and established tenant occupancy since 2020.
Where is this manufacturing property located?
The property is located at 501 S OAKLAND AVE Nappanee, IN.
What is the asking price?
The asking price for this property is $8,300,000.
What are key features of this property?
This property features: Approximately 214,662‑square‑foot manufacturing and warehouse facility on approximately 18.22 acres; 100% leased to Lippert Components Manufacturing, Inc. through April 30, 2030; Approximately 3.7 years of lease term remaining
