1721 Magnavox Way - Medical FOR SALE


Fort Wayne, IN 46804- Southwest Fort Wayne
$11,000,000 USD
317-757-9205
1721 Magnavox Way, Fort Wayne, IN for Sale
$11,000,000 USD
Medical - FOR SALE
1/14
null | 7.27% Cap Rate

1721 Magnavox Way
Fort Wayne, IN 46804
Southwest Fort Wayne


HIGHLIGHTS

  • Orthopedic surgery center featuring extensive on-site equipment, including MRI suites and CT scanners.
  • Situated in a commercial park on the southwest side of Fort Wayne, offering strong demographics and high traffic counts.
  • In close proximity to Apple Glen, Jefferson Pointe, and Orchard Crossing shopping centers.
  • Roughly half a mile from the I-69 exit.
  • Near Lutheran Hospital and the VA Northern Indiana Health Care System.

OVERVIEW

This premier surgery center is located just south of the Getz Road and Illinois Road intersection and situated less than half a mile from the SR-14 and I-69 interchange. The surrounding demographic market is supported by an affluent economic base with above average household incomes and strong population growth. The unparalleled access to major thoroughfares and close proximity to retail and interstate highways provides ideal access for both doctors and patients. Encompassing approximately 20,000 square feet, this independent Surgery Center is fully occupied by Surgery Center of Fort Wayne whose surgical specialties are focused on spine, total joint, and pain procedures. This opportunity boats optimal return potential with a 15-year leaseback upon completion of the sale, making it a strategic acquisition for investors seeking a recession resistant asset with a long-term stabilized NOI.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$550 USD /SF

CAP RATE

7.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

2.38 AC

LAND SF

103,673 SF

ZONING

C-2 Limited Commercial

APN/PARCEL ID

02-12-07-178-004.000-074

ASK ABOUT THIS PROPERTY

Matt CarrollALO Property GroupMore Info
317-757-9205

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Matt CarrollALO Property GroupMore Info
317-757-9205

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