Confidential Fort Wayne, IN 46825
- Warehouses
- 1,000,000 SF
Current Use by Public Records
- Warehouses
Property Details for 0 Confidential
- Property size
- 1,000,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This off-market portfolio comprises a substantial industrial warehouse investment opportunity located in Indiana, Kentucky, Michigan, Illinois, and Tennessee. The portfolio features a mix of Class B properties totaling between 1,000,000 and 2,000,000 square feet, currently operating at 50% occupancy. The asking price is $70,000,000, presenting a compelling 15% cap rate and pro-forma cap rate. The properties are situated on large land parcels and boast strong, established tenants. This redevelopment opportunity is ideal for investors seeking significant returns in the Midwest industrial market. The portfolio is currently off-market, and detailed information, including specific property addresses and tenant details, is available upon execution of a non-disclosure agreement. This offering is exclusively for principals. The primary location listed for this portfolio is Fort Wayne, Allen County, Indiana, zip code 46825. Further details regarding the specific locations of the properties within the portfolio will be provided under a non-disclosure agreement.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Wayne
- County
- Allen
- State
- Indiana
- Longitude
- -85.1168
- Latitude
- 41.1475