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502 S Oakland Ave
Nappanee, IN 46550

LUFKIN Industries · Industrial Property For Sale

Industrial Properties Indiana Nappanee 502 S Oakland Ave, Nappanee, IN 46550

Investment Highlights

  • This location is essential to the operations of LUFKIN's rod pumping systems division, housing more than $20M worth of custom equipment
  • The tenant has invested approximately $4 million in capital improvements over the last 3 years, reinforcing their commitment to the site
  • Features highly sought-after rail access with an exclusive rail spur.
  • Priced well below replacement cost and the size and layout of the main building makes it flexible for any manufacturing flow process
  • Sits on approximately 17.75 acres providing both long-term upside and ample expansion capabilities
  • Elkhart County industrial occupancy remains tight, with a vacancy rate of 1.3% at the end of Q2 2022

PROPERTY FACTS

Property Type Industrial Year Built 1978
Property Subtype Manufacturing Tenancy Single
Building Class C Parking Ratio 0.72/1,000 SF
Lot Size 17.75 AC Clear Ceiling Height 27 FT
Rentable Building Area 166,962 SF No. Dock-High Doors/Loading 14
No. Stories 1 No. Drive In / Grade-Level Doors 28
Property Type Industrial
Property Subtype Manufacturing
Building Class C
Lot Size 17.75 AC
Rentable Building Area 166,962 SF
No. Stories 1
Year Built 1978
Tenancy Single
Parking Ratio 0.72/1,000 SF
Clear Ceiling Height 27 FT
No. Dock-High Doors/Loading 14
No. Drive In / Grade-Level Doors 28

Amenities

  • Fenced Lot

Utilities

  • Lighting - Metal Halide

PROPERTY TAXES

Parcel Numbers
Multiple
  • 20-14-31-476-002.000-029
  • 20-14-32-301-025.000-029
  • 20-14-31-476-008.000-029
 Improvements Assessment $3,354,300
Land Assessment $635,500 Total Assessment $3,989,800

PROPERTY TAXES

Parcel Numbers
Multiple
  • 20-14-31-476-002.000-029
  • 20-14-32-301-025.000-029
  • 20-14-31-476-008.000-029
Land Assessment
$635,500
Improvements Assessment
$3,354,300
Total Assessment
$3,989,800

zoning

Zoning Code M-1
M-1
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  • Listing ID: 26575671

  • Date on Market: 9/7/2022

  • Last Updated:

  • Address: 502 S Oakland Ave, Nappanee, IN 46550

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