ADS Logistics Truck Terminal
- 116 East 1100 North, Chesterton, IN 46304
- Property Type:
- Single Tenant
- Cap Rate:
- 6.47% cap
- Square Feet:
- 26,090 sqft
- Lot Size:
- 8.84 acres
- Price Per Square Foot:
- Year Built:
- ADS Logistics a Subsidiary of Odyssey Logistics’ Flatbed and Warehousing Business Unit
- Location Comprised of Two Divisions: Area Transportation and Roll & Hold Warehousing
- Strong Ties to the Location: Occupied Since 2008, Services 205,000-Square-Foot Roll and Hold Warehouse in Port of Indiana
- 6.5 Years Remaining on Lease with 1.5 Percent Annual Rent Escalations
- 26,090-Square-Foot Truck Terminal Features 50 Percent Office Space, 17 Drive-In Doors, and Two Dock-High Doors
- Recent Renovations Made in 2015 to Office Space
- Proximate to Interstate 90 and 94
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 116 East 1100 North, in Chesterton, Indiana, leased to ADS Logistics LLC. The subject property consists of approximately 26,090 square feet of flex space and is situated on 8.84 acres of land. The asset features 17 drive-in doors and two dock-high doors. In 2015, renovations were made to the office space that makes up 50 percent of the property. With Frontage along Calumet Road, the property sits proximately between Interstates 94 and 90.
As of Q1 2022, there are 6.5 years remaining on the lease, with 1.5 percent rent escalations. In 2014, ADS Logistics was acquired by Odyssey Logistics & Technology Corporation, a top 50 logistics company in North America (Transport Topics). As a subsidiary of Odyssey, ADS Logistics was rebranded Odyssey Specialized Logistics LLC and placed within the Flatbed and Warehousing Business Unit. Odyssey Specialized Logistics is comprised of two divisions, Area Transportation and Roll & Hold Warehousing, that offer flatbed trucking and warehousing for the North American metals industry. As an occupant of the subject property since 2008, ADS Logistics has strong ties to the location, indicative of the company renewing the previous lease two years prior to expiration. Furthermore, the subject property services the 205,000-square-foot Roll & Hold warehouse situated about 10 miles away at the Port of Indiana-Burns Harbor (Odyssey).
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