2980-2990 E. Coliseum Blvd

Office for Sale
Also listed as Industrial
Catylist Listing ID: 30860399
Property Subtypes: Business Park, Flex Space, Net Leased, Office Building
Building Size (RSF): 60,040 SF
Gross Building Area: See Agent
Sale Price: $7,750,000
Unit Price: $129.08 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 8.5%
Average Occupancy Rate: 100
Last Updated: 11/17/2023

Overview / Comments

FOR SALE: Investment/Office Property 2980 - 2990 E. Coliseum Blvd., Fort Wayne, IN 46805 Discover an exceptional opportunity to invest in a fully leased 60,040 SF single tenant building located at an iconic address in Fort Wayne. With a Triple net lease and 5 years remaining, this property presents a secure investment with a strong tenant in place. Conveniently situated near banks, restaurants, hotels, and shopping centers, this property offers more than just a prime location. Surrounding this property are serene ponds, soothing fountains, and picturesque walking paths, creating a tranquil atmosphere for tenants and visitors. Enhancing the appeal of this property is its proximity to the prestigious Purdue Fort Wayne Business School, ensuring a steady stream of potential tenants and future opportunities for growth. Generating an attractive NOI of $660,440, this property presents a compelling investment opportunity at a sale price of $7,750,000 ($129 psf), boasting a competitive cap rate of 8.5%. Don't miss your chance to own this remarkable investment/office property in Fort Wayne. Contact us today for more information and to arrange a private viewing. Disclaimer: All information deemed reliable but not guaranteed. Independent investigation recommended.

Additional Details

Nearest MSA: Fort Wayne
County: Allen
Tax ID/APN: 02-08-30-428-001.000-072 02-08-30-428-003-004.072
Property Visibility: Excellent
Highway Access: US 930
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1959
Year Renovated: 2018
Parking Type: Surface
Zoning Description: BTI/Business Technology
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,866 91,498 197,481
Median Age: 34.67 34.64 34.74
Households: 5,238 37,680 79,020

Contact

Photograph of Listing Agent

Fletcher Moppert

The Zacher Company ICREX Member
Photograph of Listing Agent

Joy Neuenschwander, SIOR, CPM

The Zacher Company ICREX Member
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