361 Shadyside Drive

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361 Shadyside Drive

Burns Harbor, IN 46304
Asking Price
$588K
Cap Rate
7.24%
Asset Type
Flex Office
Class
Class B

What's Special

Mission‑Critical Location to Steel Industry | Long-Term Tenant <ul><li>​New 7-Year Renewal | Triple-Net Lease | 2.8% Rental Increase in Year 4 of Term | One (1) Seven-Year Renewal Option.</li><li>​Property Maintains 7,020 SF of Gross Leasable Area, with approximately 63% of the building finished as corporate office. Potential for a second building on parcel.</li><li>​LML Automated Systems' headquarters has continuously occupied and operated from the property since building completion.</li><li>​LML provides electronic control panels and engineering services

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NOI
$80,000
Cap Rate
13.61%
DSCR
2.29
Strong
Cash-on-Cash
25.56%
Monthly Payment
$2,909.103
Annual Cash Flow
$45,090.762

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