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.
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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 |
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 |
|
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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.
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