Se Connecter/S’inscrire
Votre courriel a été envoyé.
502 S Oakland Ave 502 S Oakland Ave 166 962 pi² Industriel Immeuble Nappanee, IN 46550 8 126 063 $ CAD (48,67 $ CAD/pi²) 7% Taux de capitalisation
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- STABLE IN PLACE INCOME W/ MAJOR NEAR TERM “MARK TO MARKET” USPIDE OPPORTUNITY
- THRIVING ELKHART INDUSTRIAL MARKET | LOW VACANCY, SCARCE SUPPLY, STRONG RENT GROWTH
- “STICKINESS” FACTOR: MISSION CRITICAL HEAVY DUTY / $20 M + HIGHLY SPECIALIZED “SUCKER ROD” MANUFACTURING FACILITY
Résumé de l'annonce
STABLE IN PLACE INCOME W/ MAJOR NEAR TERM “MARK TO MARKET” USPIDE OPPORTUNITY
— Q2 Artificial Lift Services recently demonstrated their strong commitment to the location by electing to exercise three (3) one (1) year options simultaneously at the time of their acquisition of US Rod Manufacturing in March of 2025 which extended the original seven (7) year lease out to July 2028.
— The property represents an ideal near term major “mark to market” upside opportunity:
* ± 2.25 lease years remaining on the current extension term (as of 4/1/26 analysis start).
* The Tenant’s in-place rent is ± 44% below market.
* Tenant has no options remaining.
“STICKINESS” FACTOR: MISSION CRITICAL HEAVY DUTY / $20 M + HIGHLY SPECIALIZED “SUCKER ROD” MANUFACTURING FACILITY
— The 502 S. Oakland Facilities primary role is the production of “sucker rods”, a core component commonly referred to as the “backbone” of rod-lift systems. ± 70% - 80% of oil wells worldwide rely on artificial lift systems that require this component.
— US Rod is the only U.S.-based sucker rod manufacturer, ensuring supply chain security and faster delivery for North American operators—a major differentiator in an industry sensitive to downtime and logistics.
— This location is essential to the operations of US Rod Manufacturing and houses over $20M worth of custom equipment.
THRIVING ELKHART INDUSTRIAL MARKET | LOW VACANCY, SCARCE SUPPLY, STRONG RENT GROWTH
— Nappanee, IN is part of the greater Elkhart, IN industrial market, a mature market comprised of roughly 86.2 M SF of inventory. Market rents in Elkhart for specialized
(manufacturing) assets are $4.70/SF (current rent at subject facility = $2.44/SF).
— The market is extremely tight with a low vacancy rate of only 3.0% as of Q4 2025. In addition, as of Q4 2025 there is ZERO (0) SF of new product under construction in
Elkhart. As a result of high demand and low supply, average annual rent growth over the past five years is a robust 5.6%
— Q2 Artificial Lift Services recently demonstrated their strong commitment to the location by electing to exercise three (3) one (1) year options simultaneously at the time of their acquisition of US Rod Manufacturing in March of 2025 which extended the original seven (7) year lease out to July 2028.
— The property represents an ideal near term major “mark to market” upside opportunity:
* ± 2.25 lease years remaining on the current extension term (as of 4/1/26 analysis start).
* The Tenant’s in-place rent is ± 44% below market.
* Tenant has no options remaining.
“STICKINESS” FACTOR: MISSION CRITICAL HEAVY DUTY / $20 M + HIGHLY SPECIALIZED “SUCKER ROD” MANUFACTURING FACILITY
— The 502 S. Oakland Facilities primary role is the production of “sucker rods”, a core component commonly referred to as the “backbone” of rod-lift systems. ± 70% - 80% of oil wells worldwide rely on artificial lift systems that require this component.
— US Rod is the only U.S.-based sucker rod manufacturer, ensuring supply chain security and faster delivery for North American operators—a major differentiator in an industry sensitive to downtime and logistics.
— This location is essential to the operations of US Rod Manufacturing and houses over $20M worth of custom equipment.
THRIVING ELKHART INDUSTRIAL MARKET | LOW VACANCY, SCARCE SUPPLY, STRONG RENT GROWTH
— Nappanee, IN is part of the greater Elkhart, IN industrial market, a mature market comprised of roughly 86.2 M SF of inventory. Market rents in Elkhart for specialized
(manufacturing) assets are $4.70/SF (current rent at subject facility = $2.44/SF).
— The market is extremely tight with a low vacancy rate of only 3.0% as of Q4 2025. In addition, as of Q4 2025 there is ZERO (0) SF of new product under construction in
Elkhart. As a result of high demand and low supply, average annual rent growth over the past five years is a robust 5.6%
Faits sur la propriété
| Prix | 8 126 063 $ CAD | Aire du bâtiment louable | 166 962 pi² |
| Prix par pi² | 48,67 $ CAD | Nombre d’étages | 1 |
| Type de vente | Investissement | Année de construction | 1978 |
| Taux de capitalisation | 7% | Location | Unique |
| Type de propriété | Industriel | Ratio de stationnement | 0,72/1 000 pi² |
| Sous-type de propriété | Manufacture | Effacer hauteur du plafond | 27’ |
| Classe d’immeuble | C | Nbre de quais à portes élevées/de chargement | 14 |
| Taille du lot | 17,75 AC | Nbre d’entrées dans les portes/au niveau du sol | 28 |
| Zonage | M-1 | ||
| Prix | 8 126 063 $ CAD |
| Prix par pi² | 48,67 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7% |
| Type de propriété | Industriel |
| Sous-type de propriété | Manufacture |
| Classe d’immeuble | C |
| Taille du lot | 17,75 AC |
| Aire du bâtiment louable | 166 962 pi² |
| Nombre d’étages | 1 |
| Année de construction | 1978 |
| Location | Unique |
| Ratio de stationnement | 0,72/1 000 pi² |
| Effacer hauteur du plafond | 27’ |
| Nbre de quais à portes élevées/de chargement | 14 |
| Nbre d’entrées dans les portes/au niveau du sol | 28 |
| Zonage | M-1 |
Commodités
- Terrain clôturé
Services publics
- Éclairage - Halogénure métallique
Bike Score®
Très cyclable (70)
Impôts fonciers
| Numéro de lot | 20-14-31-476-008.000-029 | Évaluation des bâtiments | 5 770 500 $ CAD |
| Évaluation du terrain | 688 744 $ CAD | Évaluation totale | 6 459 245 $ CAD |
Impôts fonciers
Numéro de lot
20-14-31-476-008.000-029
Évaluation du terrain
688 744 $ CAD
Évaluation des bâtiments
5 770 500 $ CAD
Évaluation totale
6 459 245 $ CAD
1 de 9
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
Présenté par
502 S Oakland Ave | 502 S Oakland Ave
Vous êtes déjà membre? Connectez-vous
Hmm, il semble y avoir eu une erreur lors de l’envoi de votre message. Veuillez réessayer.
Merci! Votre message a été envoyé.
Votre message a été envoyé !
Activez votre compte LoopNet dès maintenant pour suivre les propriétés, recevoir des alertes en temps réel, gagner du temps sur vos demandes futures et bien plus encore.