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Single-Tenant Industrial

STNL Industrial w/Annual Rent Escalation

3405 Engle Rd, Fort Wayne, IN 46809

Listing Price: $4,062,667

Cap Rate
7.50%
Gross SF
110,000
Price/Gross SF
$36.93
Lot Size
10.09 acres
Year Built
1970
Rentable SF
110,000

Investment Overview

Subject is a Prime 110,000 Square-Foot Industrial Building on a Ten Acre Lot and Features Ample Parking and Easy Ingress/Egress. Features an NN Lease with a Five-Year Base Term and Minimal Landlord Responsibility | Average 2.9% Annual Rental Increases, 1 x 5-Year Option.

Investment Highlights

  • Tenant Nelson Global was Founded in 1939 and Has Operations in Seven Countries, with Revenue Greater than $400 Million
  • Well Established Industrial Corridor | Nearby National Tenants Include: Coca-Cola, Johnson Controls, Seavac, International Paper, Mitsubishi, LH Carbide, and Sabert
  • Affluent Community in Fort Wayne Metropolitan Statistical Area with a Population of 146,173 and an Average Household Income of Over $59,766 Within Five Miles of the Subject Asset, as of 2021
  • Subject is less than 4 Miles from Ft Wayne International Airport, Serving 600 Thousand Passengers Annually (fwairport.com)

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Single-Tenant Industrial

STNL Industrial w/Annual Rent Escalation

Listing Price: $4,062,667

Cap Rate
7.50%
Gross SF
110,000
Price/Gross SF
$36.93
Lot Size
10.09 acres
Year Built
1970
Rentable SF
110,000

Investment Highlights

  • Tenant Nelson Global was Founded in 1939 and Has Operations in Seven Countries, with Revenue Greater than $400 Million
  • Well Established Industrial Corridor | Nearby National Tenants Include: Coca-Cola, Johnson Controls, Seavac, International Paper, Mitsubishi, LH Carbide, and Sabert
  • Affluent Community in Fort Wayne Metropolitan Statistical Area with a Population of 146,173 and an Average Household Income of Over $59,766 Within Five Miles of the Subject Asset, as of 2021
  • Subject is less than 4 Miles from Ft Wayne International Airport, Serving 600 Thousand Passengers Annually (fwairport.com)

Investment Overview

Subject is a Prime 110,000 Square-Foot Industrial Building on a Ten Acre Lot and Features Ample Parking and Easy Ingress/Egress. Features an NN Lease with a Five-Year Base Term and Minimal Landlord Responsibility | Average 2.9% Annual Rental Increases, 1 x 5-Year Option.

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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