4204 W Ferguson Rd, Fort Wayne, IN 46809
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.?
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.?
