361 Shadyside Rd 7 020 pi² Local d'activités Immeuble Burns Harbor, IN 46304 835 448 $ CAD (119,01 $ CAD/pi²) 7,24% Taux de capitalisation

Marcus & Millichap is pleased to exclusively present for sale 361 Shadyside Drive, Burns Harbor, Indiana, leased to LML Automated Systems, Inc. (Corporate Headquarters). The subject property consists of one 7,020-square-foot building situated on 4.23 acres. The building features a warehouse with a 14-foot-high drive-in door and a corporate office area totaling 4,440 square feet (~63% of the total gross leasable area). Zoned RC2, the subject property offers potential to subdivide the parcel and develop a second building up to 35,000 square feet.
Burns Harbor is part of the Chicago MSA, the nation's third-largest regional economy with 9.4 million residents. Located in Northwest Indiana, the property benefits from convenient access to Chicago and the transportation, logistics, and economic advantages of the greater Chicagoland region. The surrounding area is supported by strong demographics, including an average household income of $102,976 within five miles and a population of approximately 337,168 within 15 miles of the property.
The Port of Indiana–Burns Harbor comprises nearly 600 acres of land and is home to 30 port companies, including 15 steel-related companies and three steel mills. The port handles approximately 9,000 rail cars, 75 ships, 350,000 trucks, 375 barges, and 200 Great Lakes vessels annually. The Port also supports 30,000 jobs and contributes $4.6 billion in annual economic activity to the local economy.
LML Automated Systems, Inc. is a $3 million revenue company with 19 employees. The company specializes in professional engineering services and electronic control panel manufacturing, primarily serving nearby steel mills, while also supporting a diversified national customer base that includes municipalities, as well as clients in the steel, food processing, water treatment, paper, and pharmaceutical industries. One of LML’s largest customers, Cleveland-Cliffs, is located directly across the highway from the Subject Property. LML maintains corporate affiliations with Rockwell Automation, Intellution, Wonderware, and Microsoft.
The building was constructed as a build-to-suit facility in 1999, and LML Automated Systems, Inc. has continuously occupied and operated from the property since completion. The site offers additional value through the potential development of an additional flex building on the undeveloped portion of the lot.
LML Automated Systems, Inc. recently executed a seven-year NNN lease commencing April 1, 2026, and expiring March 31, 2033. The lease includes one seven-year renewal option. Under the NNN lease structure, the tenant is responsible for utilities, real estate taxes, insurance, and routine maintenance, resulting in zero landlord responsibilities. The lease provides a 2.8% rent increase in year four of the current term, with additional rent increases during the renewal period.