South Bend 1000x666

Ferguson Waterworks South Bend, IN

Status Active
Location 1077 Oliver Plow Ct, South Bend, IN 46601
Captialilzation Rate 6.10%
Building Size 36,000 SF
Lot Size 6.24 Acres
Lease Type NNN
Term Remaining 4.42 Years
Price $ 3150000
  • Strong Investment Grade Tenant BBB+ with over $23 Billion in Annual Revenue
  • Built in 2011 with a Building Height of 30’ and approximately 90% of Site Asphalted
  • Ferguson Recently Executed a 5-Year Lease with a 3-Year Renewal Option that includes 100% CPI Increases Upon Renewal

Doherty Houston Industrial Group is pleased to present this Ferguson Waterworks located on Oliver Plow Court in South Bend, Indiana. The subject property is a 36,000-square-foot facility sitting on 6.24 acres. Ferguson has occupied this space since 2016. The Triple Net (NNN) lease has over three and one-half years remaining, and there is one, three-year option to renew that includes CPI increases.

Ferguson is the largest U.S. distributor of plumbing supplies, PVF, waterworks and fire fabrication products. It is the third largest distributor of industrial and HVAC/R products. Ferguson is the nation’s largest distributor of residential and commercial plumbing supplies and pipe, valves and fittings (PVF). However, its expertise goes beyond plumbing. Ferguson is a diverse distributor that spans multiple businesses including HVAC/R, waterworks and industrial.

Known as the home to the University of Notre Dame, the South Bend metro is situated in northern Indiana and southern Michigan, roughly 100 miles east of Chicago and 200 miles southwest of Detroit. It consists of St. Joseph and Cass counties. The city of South Bend is the most populous city in the metro, with 102,100 residents. Key drivers of the local economy include food and agriculture, advanced manufacturing, logistics and distribution as well as technology and life science segments.

Agent : Max Navarro

  • 512-338-7862
  • max.navarro@marcusmillichap.com
License: TX- 714257
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