Listed by Bradley Company Fort Wayne
$2,495,000
Sycamore Pointe
Details
APN 02-11-03-328-005.000-038
Property Type Office
Sub Type Traditional Office
Square Footage 17,065
Cap Rate 8.70%
NOI $217,988
Occupancy 100%
Tenancy Multi
Price per SqFt $146
Class A
Year Built 2005
Year Renovated 2016
Buildings 2
Acreage 1.680
Zoning C-1
Parking Spaces 72 spaces
Parking Per SqFt 4.22
Investment Type Stabilized
Office | 8.70% CAP | 17,065 SqFt
Marketing description
Sycamore Pointe is a stabilized, income-producing Class A office park comprising two buildings on a 1.68-acre parcel near the Illinois Road / Scott Road intersection. Building 2 (2016) contains five professional suites totaling 12,060 SF, while Building 1 (2005) is occupied by Premiere Dance Company across 6,171 SF. The property is 100% occupied, with tenants that have maintained occupancy ranging from 6 to 18 years. The improvements are in excellent overall condition and include abundant surface parking, mature landscaping, and strong street identity.
For the complete Offering Memorandum with financials, please contact brokers.
Investment highlights
- 100% Occupied with tenants in occupancy for approximately 6 to 18 years
- Two-building office park totaling 18,231 SF on a 1.68-acre parcel
- Located just off Illinois Road with traffic counts of approximately 16,300 vehicles per day
- In-place rents average $15.84 PSF compared to the Fort Wayne Class A suburban average of $18.34 PSF
- Abundant surface parking with 72 parking spaces
- Parcel configuration allows for potential condominiumization of individual units or sale of one building at a time
Listing Contacts
Listed by Bradley Company Fort Wayne
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$217,988.00
$18,165.67/mo
Valuation Metrics
0
DSCR
8.74%
Cap Rate
8.74%
ROI
Map
Zoning
C1 CommercialSpecial CommercialProfessional Office And Personal Services
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View all 233 uses Last updated May 12, 2026 For deeper zoning details, reports are available at Zoneomics
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