2980 - 2990 E Coliseum Blvd Fort Wayne, IN 46805

Building Details

Year Built

1959

Listing Agency The Zacher Company

Listed by Fletcher Moppert · License #IN

Source Crexi

Added: May 7, 2024 Checked: Jul 17 at 5:18 am

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Investment Insights

Based on property information with market context.

Located at 2980-2990 E. Coliseum Blvd. in Fort Wayne, IN, this property offers a 60,040 SF building comprised of 2 units, renovated in 2018. Suited for Office or Office Building investors, the property is 100% occupied with a triple net lease offering 3 years remaining. The location is adjacent to Purdue Fort Wayne Business School and features ponds, fountains, and walking paths. The property is located in the Northeast market of Fort Wayne, IN, at Park 3000, and offers close proximity to Purdue University Fort Wayne. The area also boasts a range of dining, retail, and recreational destinations. With easy access to major transportation routes, Park 3000 presents an ideal setting for businesses seeking a well-connected and flourishing environment.

Key Highlights

• High Net Operating Income (NOI) of $660,440 and a competitive 9.4% cap rate.
• 100% occupied with a triple net lease offering 3 years remaining.
• Prime location adjacent to Purdue Fort Wayne Business School.

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FAQs

What type of property is this?

Office building - 60,040 SF building, renovated in 2018, 100% occupied.

Where is this office building located?

The property is located at 2980 - 2990 E Coliseum Blvd Fort Wayne, IN.

What is the asking price?

The asking price for this property is $6,500,000.

What are key features of this property?

This property features: High Net Operating Income (NOI) of $660,440 and a competitive 9.4% cap rate.; 100% occupied with a triple net lease offering 3 years remaining.; Prime location adjacent to Purdue Fort Wayne Business School.