Catylist ID:
#30849164
Airport North - Investment Property
Retail-Commercial
for Sale
Also listed as Office, Industrial
| Catylist Listing ID: | 30849164 |
| Property Subtypes: | Mixed Use |
| Building Size (RSF): | 51,000 SF |
| Gross Land Area: | 5.25 Acres |
| Sale Price: | $5,200,000 |
| Unit Price: | $101.96 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment |
| Usable Size (USF): | 51,000 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 7.0% |
| Average Occupancy Rate: | 100 |
| Last Updated: | 9/18/2023 |
Overview / Comments
|
BND Commercial, on behalf of Ownership, is pleased to exclusively present an outstanding opportunity to purchase the fee- simple interest, 10,200 SF (each) five building multi-tenant flex property totaling 51,000 SF in Fort Wayne, Indiana. The buildings are being offered as a package. The property consist of five identically designed flex office-warehouse buildings built in 1995. They have been well-maintained with high occupancy, mostly regional tenants. The property is located in the northwest area of Fort Wayne, one mile from I-69 and close to restaurants, retail, offices and Smith Field Airport. The tenants are a range of regional/national and local companies, such as offices for engineering, technology, and healthcare. Most tenants have occupied their spaces for more than five years. The suites have a high percentage of office space with a little warehouse or are entirely office space. Some of the spaces have drive-in doors in the rear of the building. These buildings are currently designed for 13 tenants, but space can be combined or sub-divided. FOR MORE INFORMATION ON THIS, AND ALL BND PROPERTIES, PLEASE VISIT OUR WEBSITE AT www.bnd.net |
Attachments & Media
Additional Details
| Nearest MSA: | Fort Wayne |
| County: | Allen |
| Tax ID/APN: | 020715226003000073 |
| Zoning: | C2 |
| Retail Clientele: | General, Business |
| Property Visibility: | Fair |
| Largest Nearby Street: | Lima Road |
| Highway Access: | Less than 1 mile to US Hwy 3 (Lima Road) |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 5 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 10,200 SF |
| Property Condition: | Good |
| Year Built: | 1991 |
| Year Renovated: | 1995 |
| Construction/Siding: | Steel Frame |
| Total Parking Spaces: | 200 |
| Parking Type: | Surface |
| Parking Description: | 40+ Avg/Building: 140+ Spaces Front and 66+ Spaces rear, plus unloading area |
| Sprinklers: | None |
| Heat Type: | Natural Gas |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 5,953 | 52,024 | 145,163 |
| Median Age: | 36.44 | 35.14 | 35.5 |
| Households: | 2,387 | 21,435 | 58,449 |
Contact
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