Investment Opportunity

Industrial for Sale
Catylist Listing ID: 30138988
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Warehouse/Distribution
Building Size (RSF): 137,500 SF
Gross Land Area: 15.50 Acres
Sale Price: $18,450,000
Unit Price: $134.18 PSF
Ceiling: 30 ft. Clear
Office SF: 8,870 SF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 6.07%
Average Occupancy Rate: 100
Last Updated: 9/7/2017

Overview / Comments

New Construction Single Tenant Building Leased Investment! Fully leased to Faurecia Emissions Control, USA, LLC, high-tech manufacturing in automobile industry, 11 year lease, triple net, estimated commencement date 08/01/2017 expiring 07/31/2028. Cap Rate 6.07% increasing to 7.4% in year eleven. Estimated NOI year 1 - $1,120,826 increasing 2% per year. The new construction 137,500 SF building consists of conventional structural steel frame, insulated metal panel (IMP) exterior wall and glass panel features, gas forced air, 100% air conditioned with roof mounted units, 30' clear interior ceiling height, 9 loading docks/doors. Located close to Fort Wayne International Airport. For more details see brochure and contact brokers.

Additional Details

Nearest MSA: Fort Wayne
County: Allen
Tax ID/APN: 02-12-32-400-001.000-074
Zoning: I2 / GENERAL INDUSTRIAL
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 137,500 SF
Property Condition: Excellent
Year Built: 2017
Construction/Siding: Steel Frame
Parking Type: Surface
Air Conditioning: Engineered System
Lighting: Fluorescent
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 24,439 98,820
Median Age: 39.13 34.36
Households: 10,429 38,868

Contact

Photograph of Listing Agent

Philip J. Knapke

BND Commercial, LLC ICREX Member
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