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This exceptional investment opportunity presents a 60,040-square-foot, Class B commercial property located at 2980-2990 E. Coliseum Blvd, Fort Wayne, Indiana, 46805. The property, built in 1959 and extensively renovated in 2018, features a blend of executive office space (32,700 SF) and warehouse/manufacturing space (27,340 SF), currently operating under a single, 100% occupied, triple net (NNN) lease with five years remaining. The property sits on a 5.51-acre lot and benefits from a highly desirable location adjacent to Purdue Fort Wayne Business School, offering convenient access to banks, restaurants, hotels, and shopping. The attractive features include ponds, fountains, and walking paths, enhancing the property's aesthetic appeal and creating a pleasant work environment. The building is fully air-conditioned and incorporates high-security infrastructure. The asking price is $7,000,000, translating to $117 per square foot, with a strong net operating income (NOI) of $660,440 and a compelling 9.4% capitalization rate. The property is zoned BTI/Business Technology, making it suitable for a variety of uses. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a prime Fort Wayne location. The original lease commenced in 2013.
Highlights
Triple-net lease with five years remaining.
Prime location with attractive landscaping including ponds, fountains, and walking paths.
Excellent access to banks, restaurants, hotels, and shopping.
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