Single-Tenant Industrial Lease
800 Growth Pkwy Angola, IN 46703
800 Growth Pkwy, Angola, IN, 46703
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For Sale
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Three-building industrial portfolio is fully occupied and structured as an absolute net lease with 7 years remaining.
Property Size154,080 SF
Price / SF$34.40
Days on Market100
Property Features for 800 Growth Pkwy
General Information
- Standard status
- Active
- Size
- 154,080 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1970
Listing agency
Marcus & Millichap - Indianapolis
(317) 218-5334
Listed by
Joseph DiSalvo · License #IN RB14051407
Source
Crexi
Added: Apr 14 Updated: Jul 22 at 10:23AM Checked: Jul 22 at 10:23AM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
This single-tenant industrial portfolio comprises three buildings leased on an absolute net lease basis and is fully occupied. The tenant is Samuel Metal Spinners, a division of Samuel, Son & Co., with a 20+ year operating presence at these locations and approximately 7 years of lease term remaining across all three buildings. The acquisition is described as turn-key, with no lease-up risk and no near-term rollover exposure, backed by an international parent with a 170-year operating history. Continued operational investment is noted through upgrades including CNC automatic lathes and advanced laser technology at the facilities.
Geographically, the buildings are located in Angola, Indiana (including 800 Growth Pkwy and 914 Wohlert St) and Rock Falls, Illinois (including 802 E. 11th St). Angola provides access to I-69, a north-south freight corridor connecting Indianapolis to the Michigan state line. Rock Falls is positioned with direct access to I-88 via two interchanges and sits at the intersection of US Route 30 and IL Route 40.
The portfolio is offered as a multi-building industrial acquisition across two Midwest submarkets, with the Illinois facility also noted as being supported by Whiteside County Enterprise Zone incentives and proximity to Whiteside County Airport, while the Indiana market highlights availability of IEDC incentives for the tenant.
Geographically, the buildings are located in Angola, Indiana (including 800 Growth Pkwy and 914 Wohlert St) and Rock Falls, Illinois (including 802 E. 11th St). Angola provides access to I-69, a north-south freight corridor connecting Indianapolis to the Michigan state line. Rock Falls is positioned with direct access to I-88 via two interchanges and sits at the intersection of US Route 30 and IL Route 40.
The portfolio is offered as a multi-building industrial acquisition across two Midwest submarkets, with the Illinois facility also noted as being supported by Whiteside County Enterprise Zone incentives and proximity to Whiteside County Airport, while the Indiana market highlights availability of IEDC incentives for the tenant.
Key Highlights
- Three‑building industrial portfolio with absolute net lease (STNL) structure and full occupancy
- 7 years of lease term remaining across all three buildings, with no near‑term rollover exposure
- Single‑tenant portfolio backed by Samuel, Son & Co. (Samuel Metal Spinners), operating 170+ years with an international manufacturing and distribution platform
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Manufacturing property - Three-building industrial portfolio is fully occupied and structured as an absolute net lease with 7 years remaining.
Where is this manufacturing property located?
The property is located at 800 Growth Pkwy Angola, IN.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: Three‑building industrial portfolio with absolute net lease (STNL) structure and full occupancy; 7 years of lease term remaining across all three buildings, with no near‑term rollover exposure; Single‑tenant portfolio backed by Samuel, Son & Co. (Samuel Metal Spinners), operating 170+ years with an international manufacturing and distribution platform
