Class A Office Headquarters
- Sale Price$5,400,000
- Year Built1998
- Building Size79,844 SF
- Date AvailableImmediate
- Year Renovated2021
- Property TypeInvestment, Office
Highlights
- Class A Office Headquarters
- Seller invested $1.5+ million into renovations since 2020.
- Anchor Tenant, LabCorp, Invested $4M into First Floor Space
- 49% Occupied Office Complex with 3 Tenants
- Financials for this Property are Available Upon Executed CA
- Well-Placed at the Intersection of I-80/90 & US-31, Adjacent to South Bend Airport
Overview
3575 Moreau Court, South Bend, IN is a Class A office building located in close proximity to one of the largest economic development projects in the history of the state. Located approximately 10 miles from the recently announced $3.5 billion General Motors/Samsung SDI EV Battery Complex, the Blackthorn Office Building is the closest Class A Office building available for sale or lease.
In addition to its proximity to the GM/Samsung SDI Battery Complex, this office building is well placed at the intersection of I-80/90 and the US 31 bypass providing quick access to Chicago, Indianapolis, Detroit and other major Midwestern population centers. The building is also directly adjacent to the South Bend International Airport, providing quick access to those outside of driving distance.
The building itself consists of 79,844 rentable square feet, distributed over three floors with panoramic woodside views of one of the Midwest’s most beautiful golf courses. In addition to the benefits provided by its location, this office building provides access to the MetroNet, a 50-plus mile, dark, fiber-optic network that offers state-of-the-art telecommunications connectivity. Current occupancy sits at 49% with the entire third floor (22,793 RSF) and a portion of the second floor (16,666 RSF) available for occupancy.
The entirety of the first floor, consisting of 26,704 RSF, is leased by LabCorp and recently underwent a $5 million renovation ($4+ million investment by Labcorp), evidencing the tenant’s commitment to this location. The tenant utilizes the property as a clinical diagnostic laboratory where specimens are brought to the site and tested. In addition, the landlord has recently signed two leases on the second floor with lease terms varying between five and seven years.
