Listed by The Zacher Company
$6,500,000
Park 3000
Details
Property Type Office, Industrial
Sub Type Executive Office, Warehouse
Square Footage 60,040
Units 1
Cap Rate 10.00%
NOI $660,440
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 11/28/2028
Remaining Term 4
Price per SqFt $117
Class B
Year Built 1959
Year Renovated 2018
Acreage 5.510
Zoning BTI/Business Technology
Office | 10.00% CAP | 60,040 SqFt
Marketing description
Introducing the prime investment opportunity at 2980-2990 E. Coliseum Blvd. in Fort Wayne, IN. This distinguished property boasts a 60,040 SF building comprised of 2 units, meticulously renovated in 2018. Ideal for Office/Office Building investors, it is 100% occupied with a triple net lease offering 3 years remaining. Boasting a coveted location adjacent to Purdue Fort Wayne Business School, the property's iconic setting features ponds, fountains, and walking paths. With an impressive NOI of $660,440 and a competitive cap rate of 9.4%, this compelling opportunity is offered at a sale price of $7,000,000 ($117 psf).
Immerse yourself in the thriving Northeast market of Fort Wayne, IN, at Park 3000. This dynamic location offers close proximity to Purdue University Fort Wayne, providing a robust talent pool and collaborative opportunities for office or office building investors. The area also boasts a range of dining, retail, and recreational destinations, ensuring convenience and vibrant surroundings for businesses and their employees. With easy access to major transportation routes, Park 3000 presents an ideal setting for businesses seeking a well-connected and flourishing environment. Experience the potential of this vibrant location for your office investment.
Investment highlights
- Triple net lease
- Iconic location, ponds, fountains and walking paths
- Near banks, restaurants, hotels & shopping
- Adjacent to Purdue Fort Wayne Business School
- NOI: $660,440
- Sale price : $6,500,000 ($108.26 psf)
- Cap rate: 10%
Listing Contacts
Listed by The Zacher Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
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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