367 W 1st St

Industrial for Sale
Catylist Listing ID: 30844012
Property Subtypes: Net Leased
Building Size (RSF): 33,600 SF
Gross Land Area: 5 Acres
Sale Price: $1,100,000
Unit Price: $32.74 PSF
Ceiling: 16 ft.
Docks/Doors: 2 Docks
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: 367 W 1st St
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 5/30/2023

Overview / Comments

Fully Leased Industrial Building Single Tenant 33,600 Sq. Ft. Building on 5 acres Lease Term Expires 12/31/26
Cap Rate 7.22%
NOI $79,380.00 (2.36 PSF)
Below Market Rent
Triple Net Lease
Sale Price $1,100,000 ($32.74 PSF)

Additional Details

Nearest MSA: Fort Wayne
County: Whitley
Taxing Authority: Whitley County
Tax ID/APN: 920733000213000002
Zoning: I1 LIMITED INDUSTRIAL
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1976
Year Renovated: 2019
Total Parking Spaces: 71
Sprinklers: Wet
Amps: 800
X-Phase: 3-Phase
Lighting: Fluorescent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,996 3,294 4,934
Median Age: 38.37 39.23 39.08
Households: 827 1,292 1,861

Contact

Photograph of Listing Agent

Steven Zacher, SIOR, CCIM

The Zacher Company ICREX Member
Photograph of Listing Agent

John M Adams, CCIM

The Zacher Company ICREX Member
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