Single-Tenant Industrial

Excellon Technologies

1101 Sherman Blvd, Fort Wayne, IN 46808

Listing Price: $1,683,000

Cap Rate
7.50%
Gross SF
27,000
Price/Gross SF
$62.33
Lot Size
1.37 acres
Year Built
1978
Rentable SF
27,000

Investment Overview

Marcus and Millichap is pleased to present for your acquisition review the Excellon Technologies building in Fort Wayne, Indiana.

Excellon Technologies was founded in 2001 in Fort Wayne originally as a two-person engineering firm that has since grown to a workforce of more than 60 people across two Fort Wayne locations. Excellon produces speed and position sensing assemblies, aerospace engine control thermal sensing cable assemblies and junctions, defense communication power/cable assemblies and several other things. Their customer base includes Exelis, Undersea Sensor Systems USSI, BAE systems, Kinetek/Advanced Motors, White Manufacturing, Parts Super Center, G.E. Wabtec, NYC Transit, Toronto Transit and many more.

Excellon Technologies occupies a 27,000 square foot building that is positioned on about 1.37 acres along Sherman Boulevard. Excellon signed their original lease in 2002 and have operated successfully at this location for over 18 years. Their current lease is set to expire on December 31, 2024 leaving 4 years left on the lease. The lease is considered double net with the landlord responsible for the roof and structure.

The subject property is ideally positioned in a dense industrial corridor on the outskirts of downtown Fort Wayne. A few of the tenants in this industrial corridor include Sherwood Food Distributors, CPI Card Group, Applied Metals & Machine Works, Schaab Metal Products and more.

Investment Highlights

  • 27,000 Square Foot Freestanding Industrial Property Occupied by Excellon Technologies
  • Excellon Technologies has an 18+ Year Operating History at this Location
  • Double Net Lease with Landlord Responsible for Roof & Structure
  • Excellon Technologies works with NASA | Founded in 2001 Grown to 2 Locations
  • 170,000+ Residents within 5 Miles
  • Excellon Technologies has 60+ Team Members

Exclusively Listed By

Single-Tenant Industrial

Excellon Technologies

Listing Price: $1,683,000

Cap Rate
7.50%
Gross SF
27,000
Price/Gross SF
$62.33
Lot Size
1.37 acres
Year Built
1978
Rentable SF
27,000

Investment Highlights

  • 27,000 Square Foot Freestanding Industrial Property Occupied by Excellon Technologies
  • Excellon Technologies has an 18+ Year Operating History at this Location
  • Double Net Lease with Landlord Responsible for Roof & Structure
  • Excellon Technologies works with NASA | Founded in 2001 Grown to 2 Locations
  • 170,000+ Residents within 5 Miles
  • Excellon Technologies has 60+ Team Members

Investment Overview

Marcus and Millichap is pleased to present for your acquisition review the Excellon Technologies building in Fort Wayne, Indiana.

Excellon Technologies was founded in 2001 in Fort Wayne originally as a two-person engineering firm that has since grown to a workforce of more than 60 people across two Fort Wayne locations. Excellon produces speed and position sensing assemblies, aerospace engine control thermal sensing cable assemblies and junctions, defense communication power/cable assemblies and several other things. Their customer base includes Exelis, Undersea Sensor Systems USSI, BAE systems, Kinetek/Advanced Motors, White Manufacturing, Parts Super Center, G.E. Wabtec, NYC Transit, Toronto Transit and many more.

Excellon Technologies occupies a 27,000 square foot building that is positioned on about 1.37 acres along Sherman Boulevard. Excellon signed their original lease in 2002 and have operated successfully at this location for over 18 years. Their current lease is set to expire on December 31, 2024 leaving 4 years left on the lease. The lease is considered double net with the landlord responsible for the roof and structure.

The subject property is ideally positioned in a dense industrial corridor on the outskirts of downtown Fort Wayne. A few of the tenants in this industrial corridor include Sherwood Food Distributors, CPI Card Group, Applied Metals & Machine Works, Schaab Metal Products and more.

Exclusively Listed By

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