Updated Jan 15, 2026
Marcus & Millichap Sells Industrial Portfolio In South Bend For $2.4M With Julia Evinger
3371 Cleveland Road
$2,400,000
$53/SF
Building Size
44,837 SF
Asset Type
Industrial
Closing
Jan 15, 2026
About this deal
AI
The property asset involved in the transaction is a small bay warehouse portfolio located at 3371 Cleveland Road, South Bend, IN. The sale was completed for $2,400,000, encompassing a total square footage of 44,837. The property is situated in South Bend’s Toll Road Industrial Park and consists of 16 units with diverse tenants. It benefits from a strategic location near I-90, U.S. 31, and South Bend International Airport.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $2,400,000
- Square Footage: 44,837
- Price Per Square Foot: $54
- Broker Representative: Julia Evinger - Marcus & Millichap
Julia Evinger, representing Marcus & Millichap, played a key role in listing and procuring the buyer for the property. This transaction exemplifies strategic brokerage efforts in the industrial sector, reflecting the dynamics of tenant diversity in the warehouse market.
On the Map
$2,400,000
$53/SF
Industrial
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South Bend Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93