Fiat Chrysler

6410 Ameriplex Dr, Portage, IN, 46368-1389, US

Description

Jones Lang LaSalle, as exclusive advisor to ownership, is pleased to present for sale the fee-simple interest in Fiat Chrysler Parts Facility (the "Property")—a 116,623 square foot* warehouse and truck terminal located in Portage, IN. The Property is 100 % leased by FCA US, LLC (the "Tenant"), a wholly owned subsidiary of Stellantis (NYSE: STLA; S&P: BBB-). The tenant has operated out of this Built-to-Suit facility for over 25 years, distributing parts from suppliers to various manufacturing plants. The Property represents an irreplaceable asset within FCA's distribution network. The Property represents a mission-critical operation within FCA's distribution network. Its design seamlessly integrates expansive trailer storage capacity with high-efficiency truck-to-truck cross-dock operations, positioning it as a mission-critical distribution hub for FCA's manufacturing operations.

...

Attributes

Building area gross

116,623 sf

Occupancy

100%

Year built

2001

Land area gross

26.7 acres

Media

Investment highlights

Absolute NNN lease to FCA US, LLC (Stellantis subsidiary) with zero landlord responsibility and 2% annual escalations.
FCA has (25+) years of occupancy tenure at this facility with nearly 10 years of term remaining
Northwest Indiana submarket tailwinds: 3.9% vacancy and 12.32% 5-year rent growth.
Prime I-94 location in AmeriPlex at the Port with superior Midwest connectivity and lower operating costs vs. core Chicago submarkets.