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13541861
13541862

2980 E Coliseum Blvd, Fort Wayne, IN 46805

The Zacher Company
Listed by The Zacher Company
$6,500,000
942 days on market
Updated 89 days ago

2980-2990 E.Coliseum Blvd

Details
APN 02-08-30-428-001.000.072 02-08-30-428-003.004.072
Property Type Office
Sub Type Executive Office
Square Footage 60,040
Cap Rate 9.40%
NOI $660,440
Occupancy 100%
Tenancy Single
Brand/Tenant ITI
Lease Type NNN
Lease Term 15.1
Lease Expiration 11/30/2028
Remaining Term 2.5
Pro-Forma NOI $660,440
Price per SqFt $117
Class A
Year Built 1959
Year Renovated 2018
Buildings 1
Stories 2
Acreage 5.510
Zoning BTI/Business, Technology & Industrial Park
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 11/01/2013
Sale Condition For sale by owner

100% Leased-60,040 SF Sing Tenant Building

Marketing description

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 Absolute net lease , 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 $6,500,000 ($108.26psf), boasting a competitive cap rate of 10.00%. 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.

Listing Contacts

The Zacher Company
Listed by The Zacher Company

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$660,440.00
$55,036.67/mo

Valuation Metrics

0
DSCR
10.16%
Cap Rate
10.16%
ROI

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