3122 Engle Rd - Flex FOR SALE


Fort Wayne, IN 46809- Kyle Road
$2,500,000 USD
3122 Engle Rd, Fort Wayne, IN for Sale
$2,500,000 USD
Flex - FOR SALE
1/3
null | 6.94% Cap Rate

3122 Engle Rd
Fort Wayne, IN 46809
Kyle Road


HIGHLIGHTS

  • Two buildings totaling ±35,264 SF on ±1.93 AC lot.
  • Two, 5-ton cranes and one, 10-ton crane.
  • 100% leased to Bishop Lifting Products, Inc.

OVERVIEW

3122 Engle Road consists of a two-building manufacturing and warehouse complex, fully leased to Bishop Lifting Products, Inc. The property encompasses approximately ±35,264 square feet situated on a ±1.93-acre parcel within the Southwest Fort Wayne industrial submarket. The asset is secured by a recently executed 10-year lease which commenced in December 2022 and includes two additional five-year renewal options, providing long-term stability and income predictability Broker of Record Kyle Matthews License No. RC52200195 (IN)

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$71 USD /SF

CAP RATE

6.94%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

±35,264 SF Industrial Complex

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

UTILITIES

-

CLEAR CEILING HT

23.583333333333332 Ft

DOCKS

2

DRIVE INS

3

PARKING SPACES

51

LAND DETAILS

LAND ACRES

1.93

LAND SF

84,071

ZONING

I-2

APN/PARCEL ID

02-12-16-300-017.000-074

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