Single-Tenant Industrial

P.A.M. Transport, Inc.

4204 W Ferguson Rd, Fort Wayne, IN 46809

Listing Price: $2,914,960

Cap Rate
8.65%
Gross SF
82,400
Price/Gross SF
$35.38
Lot Size
5.97 acres
Year Built
1960
Rentable SF
82,400

Investment Overview

The subject property is a freestanding 82,400 square foot industrial facility leased to P.?A.?M.? Transport, Inc.? and sits on 5.97 acres across from the entrance of the Fort Wayne International Airport.? The airport will break ground on a $47.3M expansion project in Spring of 2021, to accommodate larger planes. P.?A.?M.? Transport signed a new 5 year lease when they occupied the property on May 1, 2019.? P.?A.?M.? Transport is a publicly traded company (NASDAQ:PTSI) that generates $514.1 Million in annual revenue.? P.?A.?M.? Transport is a trucking company that maintains 1,700 tractors and 7,000 trailers on American roads, as well as Canada and Mexico.? The company continues to grow and was ranked #68 out of the top for-hire trucking companies in the U.?S.? The landlord is solely responsible for the roof and structure.? The lease offers 2% annual rental increases and currently pays a below market rent of $3.06 per square foot.? P.?A.?M.? Transport offers 5 drive ins and 3 loading docks, as well as 2 recessed docks.? It has 160 parking spaces.? The roof was recoated in 2015, and partly replaced in 2019 with Carlisle TPO Flashing Membrane.? The single tenant building is strategically located 3.5 miles from the I-469 interchange and close to I-69.? It is less than 10 Miles from the General Motors (GM) Truck Plant, which P.?A.?M.? Transport trucks deliver products from different locations to all day long.? Additionally the GM Plant is currently increasing production by 1,000 units per month.? There are 218,935 residents within 10 miles of the property and Fort Wayne is the 2nd largest City in Indiana.?

Investment Highlights

  • Single Tenant, Freestanding 82,400 Square Foot Industrial Facility Leased to P.A.M. Transport, Inc. | Publicly Traded (NASDAQ: PTSI)
  • Located Directly Across from Fort Wayne International Airport | 3.5 Miles from I-469 Interchange | 5.97 Acre Lot Includes Extra Parking for Truck and Trailer Storage
  • New 5 Year Corporate Lease Signed On May 1, 2019 | 2% Annual Rental Increases | Below Market Rents | Priced Below Replacement Cost
  • Property Offers 5 Drive Ins and 3 Loading Docks (+2 Unused, Recessed Docks), and 160 Parking Spaces | Roof Recoated in 2015, Partly Replaced in 2019 with Carlisle TPO Flashing Membrane
  • "E-Commerce Resistant" Tenant and Essential Business | Corporate Guaranty | Generates $514.1M in Annual Revenue | P.A.M. Transport Maintains 1,700+ Tractors and 7,000+ Trailers on American Roads
  • Minimal Landlord Responsibility | Tenant Maintains HVAC, Landscaping, Trash Removal, Snow Removal, Parking Lot | Landlord Responsible for Roof and Structure
  • Less than 10 Miles from GM Truck Plant Which is Increasing Production by 1,000 Units per Month | P.A.M. Delivers Products to the GM Plant and Drivers Cover 48 States, Canada and Mexico

Exclusively Listed By

Financing By

Single-Tenant Industrial

P.A.M. Transport, Inc.

Listing Price: $2,914,960

Cap Rate
8.65%
Gross SF
82,400
Price/Gross SF
$35.38
Lot Size
5.97 acres
Year Built
1960
Rentable SF
82,400

Investment Highlights

  • Single Tenant, Freestanding 82,400 Square Foot Industrial Facility Leased to P.A.M. Transport, Inc. | Publicly Traded (NASDAQ: PTSI)
  • Located Directly Across from Fort Wayne International Airport | 3.5 Miles from I-469 Interchange | 5.97 Acre Lot Includes Extra Parking for Truck and Trailer Storage
  • New 5 Year Corporate Lease Signed On May 1, 2019 | 2% Annual Rental Increases | Below Market Rents | Priced Below Replacement Cost
  • Property Offers 5 Drive Ins and 3 Loading Docks (+2 Unused, Recessed Docks), and 160 Parking Spaces | Roof Recoated in 2015, Partly Replaced in 2019 with Carlisle TPO Flashing Membrane
  • "E-Commerce Resistant" Tenant and Essential Business | Corporate Guaranty | Generates $514.1M in Annual Revenue | P.A.M. Transport Maintains 1,700+ Tractors and 7,000+ Trailers on American Roads
  • Minimal Landlord Responsibility | Tenant Maintains HVAC, Landscaping, Trash Removal, Snow Removal, Parking Lot | Landlord Responsible for Roof and Structure
  • Less than 10 Miles from GM Truck Plant Which is Increasing Production by 1,000 Units per Month | P.A.M. Delivers Products to the GM Plant and Drivers Cover 48 States, Canada and Mexico

Investment Overview

The subject property is a freestanding 82,400 square foot industrial facility leased to P.?A.?M.? Transport, Inc.? and sits on 5.97 acres across from the entrance of the Fort Wayne International Airport.? The airport will break ground on a $47.3M expansion project in Spring of 2021, to accommodate larger planes. P.?A.?M.? Transport signed a new 5 year lease when they occupied the property on May 1, 2019.? P.?A.?M.? Transport is a publicly traded company (NASDAQ:PTSI) that generates $514.1 Million in annual revenue.? P.?A.?M.? Transport is a trucking company that maintains 1,700 tractors and 7,000 trailers on American roads, as well as Canada and Mexico.? The company continues to grow and was ranked #68 out of the top for-hire trucking companies in the U.?S.? The landlord is solely responsible for the roof and structure.? The lease offers 2% annual rental increases and currently pays a below market rent of $3.06 per square foot.? P.?A.?M.? Transport offers 5 drive ins and 3 loading docks, as well as 2 recessed docks.? It has 160 parking spaces.? The roof was recoated in 2015, and partly replaced in 2019 with Carlisle TPO Flashing Membrane.? The single tenant building is strategically located 3.5 miles from the I-469 interchange and close to I-69.? It is less than 10 Miles from the General Motors (GM) Truck Plant, which P.?A.?M.? Transport trucks deliver products from different locations to all day long.? Additionally the GM Plant is currently increasing production by 1,000 units per month.? There are 218,935 residents within 10 miles of the property and Fort Wayne is the 2nd largest City in Indiana.?

Exclusively Listed By

Financing By

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