502 S Oakland Ave | Nappanee, IN 46550
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502 S Oakland Ave
Nappanee, IN 46550
LUFKIN Industries · Industrial Property For Sale
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 |
| Number of Floors | 1 | Level Access Doors | 28 |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 17.75 AC |
| Rentable Building Area | 166,962 SF |
| Number of Floors | 1 |
| Year Built | 1978 |
| Tenancy | Single |
| Parking Ratio | 0.72/1,000 SF |
| Clear Ceiling Height | 27 ft |
| No. Dock-High Doors/Loading | 14 |
| Level Access Doors | 28 |
Amenities
- Fenced Lot
Utilities
- Lighting - Metal Halide
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £2,627,423 | |
| Land Assessment | £497,787 | Total Assessment | £3,125,210 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£497,787
Improvements Assessment
£2,627,423
Total Assessment
£3,125,210
zoning
| Zoning Code | M-1 |
| M-1 |
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