5760 Nimtz Pkwy South Bend, IN 46628
- Office Properties & Spaces
- 8,719 SF
- 0.50 lot acres
Current Use by Public Records
- The AME Group / Computer Support And Services / Business To Business Service
Property Details for 5760 Nimtz Pkwy
- Year built
- 2015
- Lot size
- 0.50 lot acres
- Property size
- 8,719 SF
- Property type
- Office Properties & Spaces
Description
This exceptional Class A office building, totaling 8,719 square feet, presents a compelling investment opportunity. Located at 5760 Nimtz Parkway in South Bend, Indiana's Blackthorn Corporate Park, this single-tenant, net-lease property boasts a 7.52% cap rate. Built in 2015 on a half-acre lot, the two-story building features beautiful finishes, abundant natural light, and is meticulously maintained. Currently leased to The AME Group, a leading regional IT consulting firm, the lease includes a five-year renewal option exercised in June 2023. The property enjoys a prime location adjacent to the Blackthorn golf course, offering stunning views. Situated on a cul-de-sac with ample parking, it's near other Class A office buildings and benefits from excellent access to major roadways, including the Indiana 80/90 Toll Road, US 20/31 Bypass, and South Bend International Airport. The surrounding area has a population of approximately 250,000 within a 10-mile radius. The current lease is at market rent of $12.94 per square foot, with CAM charges of approximately $6.80 per square foot. The tenant may be open to early termination, presenting an opportunity for a new occupant. Seller financing may be available, subject to final deal terms. This property offers a strong combination of location, tenant quality, and financial performance. The APN is 71-03-20-300-024.000-009. The asking price is $1,500,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- South Bend
- County
- St. Joseph
- State
- Indiana
- Longitude
- -86.3292
- Latitude
- 41.7254
