Value-Add Class A Office Investment Opportunity
- Sale Price$5,750,000
- Year Built1998
- Building Size79,660 sq. ft.
- Property TypeInvestment
- Financials for this Property are Available Upon Request & Executed CA
- 79,660 SF Class A Multi-tenant Office Building on a 10.33 Acre Site
- Well Placed at the Intersection of I-80/90 and US 31
- Directly Adjacent to the South Bend International Airport
- This Asset is Being Offered as a Stabilization Opportunity for an Investor or an Owner-user
Sturges Property Group has been appointed the exclusive agent for the sale of Blackthorn Office Building located in South Bend, Indiana.
3575 Moreau Court is a Class A multi-tenant office building located in the Blackthorn Corporate Park on the northwest side of South Bend, Indiana. This office building is well placed at the intersection of I-80/90 and the US 31 Bypass providing quick and easy 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.
This asset is being offered as a stabilization opportunity for an investor or an owner-user. Current occupancy for the building is at 39%, providing ample opportunity for increased revenue and building value. Pricing is based on three methods: Stabilized NOI, Average 10 Year Cashflow, and Sale Comps.