For Sale
$7,000,000

2980 Coliseum BlvdFort Wayne, IN 46805

Prime location, 60,040 SF, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully leased, 60,040 square foot Class A executive office building located at 2980-2990 E. Coliseum Blvd, Fort Wayne, Indiana. The property boasts a single, credit-rated tenant (ITI) under a Net Lease (NNN) agreement with 4 years remaining on a 15.1-year lease (commencing November 1, 2013, expiring November 30, 2028). The building, constructed in 1959 and renovated in 2018, sits on a 5.51-acre lot (APN: 02-08-30-428-001.000.072 02-08-30-428-003.004.072) and is zoned BTI (Business, Technology & Industrial Park). The asking price is $7,000,000, representing a price per square foot of $117 and a compelling 9.40% cap rate. The property generates a Net Operating Income (NOI) of $660,440. This two-story building offers 100% occupancy and presents a secure, long-term investment opportunity in a desirable Fort Wayne location, near amenities and Purdue Fort Wayne Business School. All information is deemed reliable but not guaranteed

Property Details for 2980 Coliseum Blvd

Property type
Office properties
Square Feet
60,040 SF
Class
A
Year Built/Renovated
1959/2018
Buildings
1
Stories
2
Lot Size (sq. ft)
240,016 SF

Location Insight

City
Fort Wayne
County
Allen
State
Indiana
Latitude
41.109975972722
Longitude
-85.103930883617
2980 Coliseum Blvd, Fort Wayne, Indiana

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2980 Coliseum Blvd
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