Leased Shopping Center for
5826-5992 West Jefferson Boulevard Fort Wayne, IN 46804
5826-5992 West Jefferson Boulevard, Fort Wayne, IN, 46804
Contact for pricing
For Sale
Contact for pricing
Fee-simple sale of an 84%-leased shopping center in Fort Wayne, Indiana.
Property Size80,353 SF
Price / SF$118.85
Days on Market80
Property Features for 5826-5992 West Jefferson Boulevard
General Information
- Standard status
- Active
- Size
- 80,353 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1960
Listing agency
Mid-America Real Estate Corporation
(630) 954-7392
Listed by
Emily Gadomski · License #IL 475173675
Source
Crexi
Added: May 4 Updated: Jul 22 at 9:30AM Checked: Jul 22 at 9:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mid-America Real Estate Corporation
Investment Insights
Based on property information with market context.
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in Time Corners, a shopping center currently 84% leased.
The property is located at 5826–5992 West Jefferson Boulevard in Fort Wayne, Indiana. This offering presents a single ownership opportunity for investors seeking a leased retail shopping center.
Additional leasing or tenant mix details are not provided in the information made available for this listing.
The property is located at 5826–5992 West Jefferson Boulevard in Fort Wayne, Indiana. This offering presents a single ownership opportunity for investors seeking a leased retail shopping center.
Additional leasing or tenant mix details are not provided in the information made available for this listing.
Key Highlights
- Fee‑simple sale of a shopping center in Fort Wayne, Indiana
- Property is 84% leased
- Owner is selling 100% fee simple interest
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.21M | $15.00 |
| − Vacancy | −$102.5k | −$1.28 |
| EGI | $1.10M | $13.73 |
| − OpEx | −$330.9k | −$4.12 |
| NOI | $772.0k | $9.61 |
80,353 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$11.03M
$9.65M – $12.87M
NOI $771,991 @ 7.0% cap · market cap 8.08%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$67.13M
$58.73M – $78.31M
NOI $4,698,770 @ 7.0% cap · market cap 49.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Covington Plaza — 6382 W Jefferson Blvd, Fort Wayne, IN 46804
- Time Corners Shopping Center — 5976 W Jefferson Blvd, Fort Wayne, IN 46804
- Covington Shoppes — 5825 Covington Rd, Fort Wayne, IN 46804
- Jefferson Crossing — 6101 W Jefferson Blvd, Fort Wayne, IN 46804
- The Village at Time Corners — 6435 W. Jefferson Blvd., #150, MAILING ADDRESS ONLY My studio is in my, home and not open to the pub
FAQs
What type of property is this?
Shopping center - Fee-simple sale of an 84%-leased shopping center in Fort Wayne, Indiana.
Where is this shopping center located?
The property is located at 5826-5992 West Jefferson Boulevard Fort Wayne, IN.
What is the asking price?
The asking price for this property is $9,550,000.
What are key features of this property?
This property features: Fee‑simple sale of a shopping center in Fort Wayne, Indiana; Property is 84% leased; Owner is selling 100% fee simple interest
