Office Park Investment
Office
for Sale
| Catylist Listing ID: |
30853971 |
| Property Subtypes: |
Office Building
|
| Building Size (RSF): |
17,248 SF
|
| Gross Land Area: |
1.68 SF
|
| Sale Price: |
$2,490,000 |
| Unit Price: |
$144.36 PSF |
| Property Use Type: |
Investment |
| Building Name: |
Sycamore Pointe Office Park |
| Class of Space: |
Class A |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
9/26/2023 |
Overview / Comments
The property is a two building professional office campus located in desirable Southwest Fort Wayne, IN. Construction of the 6,128 SF Building 1 (2006) and 11,120 SF Building 2 (2017) remain in Class A condition. The property is 1.68 acres along Scott Road, which is the main collector road connecting Illinois Road to the surrounding high end residential area. The direct area includes a national grocer anchored power center, numerous community retail strip centers, and a
retirement community. Due to the absence of professional offices in the area, Sycamore Pointe is highly sought after for working professionals looking to establish an office close to home in the area.
|
Current Tenants
| Tenant Business Name |
Dale, Huffman, Babcock Law Office |
| Tenant Business Name |
University of Notre Dame |
| Tenant Business Name |
Neossia Inc & Farrington Specialty Counseling |
| Tenant Business Name |
Edward Jones |
| Tenant Business Name |
G2 Property Management |
| Tenant Business Name |
Premier Dance Company |
Additional Details
| Nearest MSA: |
Fort Wayne |
| County: |
Allen |
| Tax ID/APN: |
021103328005000038 |
| Zoning: |
C-1 (LIMITED COMMERCIAL) |
| Property Located Between: |
Illinois Rd (US 14) and Scott Rd |
| Property Visibility: |
Excellent |
| Highway Access: |
Interstate 69 via Illinois Rd (US 14) |
| Site Description: |
The property is a two building professional office campus located in desirable Southwest Fort Wayne, IN. Construction of the 6,128 SF Building 1 (2006) and 11,120 SF Building 2 (2017) remain in Class A condition. The property is 1.68 acres along Scott Road, which is the main collector road connecting Illinois Road to the surrounding high end residential area. |
| Area Description: |
The direct area includes a national grocer anchored power center, numerous community retail strip centers, and a retirement community. Due to the absence of professional offices in the area, Sycamore Pointe is highly sought after for working professionals looking to establish an office close to home in the area. |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Year Built: |
2006 |
| Year Renovated: |
2017 |
| Construction/Siding: |
Brick, Stucco, Wood Frame |
| Exterior Description: |
Excellent condition |
| Parking Description: |
Surface, shared |
| Total Parking Spaces: |
72 |
| Zoning Description: |
Limited Commercial |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,057 |
31,272 |
53,027 |
| Median Age: |
39.3 |
38.41 |
38.96 |
| Households: |
2,442 |
11,880 |
21,092 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
Moody's assume any liability for errors or omissions.
|
