127 W Wayne St - Office FOR SALE


Fort Wayne, IN 46802- Downtown Fort Wayne
$4,425,000 USD
317-410-8788
127 W Wayne St, Fort Wayne, IN for Sale
$4,425,000 USD
Office - FOR SALE
1/18
null | 9.26% Cap Rate

127 W Wayne St
Fort Wayne, IN 46802
Downtown Fort Wayne


HIGHLIGHTS

  • Downtown Core District
  • 4 NNN Tenants
  • 9.26% Current Cap Rate

OVERVIEW

127 W Wayne Street is a 25,698-square-foot, 100% leased office investment located in the heart of downtown Fort Wayne. The four-story property features a diversified roster of four NNN tenants, providing stable in-place cash flow with contractual rent growth. Offered at $4.425 million, the property generates a 9.26% current cap rate with additional upside from approximately 7,000 square feet of basement storage not currently included in the rent roll.

FOR SALE DETAILS

PRICE

$4,425,000 USD

PRICE/SF

$158 USD /SF

CAP RATE

9.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C

APN/PARCEL ID

02-12-02-457-002.000-074

ASK ABOUT THIS PROPERTY

Joseph DiSalvoThe DiSalvo GroupMore Info
317-410-8788

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Joseph DiSalvoThe DiSalvo GroupMore Info
317-410-8788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.