3401 Lake Ave - Office FOR SALE


Fort Wayne, IN 46805- Beacon Heighst
$750,000 USD
260-424-8448
3401 Lake Ave, Fort Wayne, IN for Sale
$750,000 USD
Office - FOR SALE
1/2
null | 8.11% Cap Rate

3401 Lake Ave
Fort Wayne, IN 46805
Beacon Heighst


HIGHLIGHTS

  • 3 Tenant medical office building
  • Well-placed in one of Fort Wayne's major medical service districts
  • Water and sewer service is provided

OVERVIEW

STURGES PROPERTY GROUP HAS BEEN APPOINTED THE EXCLUSIVE AGENT for the sale of the MyEyeDr medical office building on Lake Avenue in Fort Wayne, IN. The 7,857 square-foot multitenant building is 100% leased to three established service providers, offering investors immediate and stable cash flow. The income stream is further anchored by a corporate guarantee by Capital Vision Services, LLC on the MyEyeDr space. THE PROPERTY BENEFITS FROM LONG-TERM TENANCY and predictable income streams in a busy medical corridor. This offering provides investors with the opportunity to acquire a stabilized healthcare asset with secure income, long-term tenants, and upside potential through future rent growth and/or conversion to triple net leases. 3401 LAKE AVENUE SEES OVER 8,000 VEHICLES PER DAY and is easily accessible to major thoroughfares as it is situated between Hobson Road and Coliseum Boulevard/SR 930.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$99 USD /SF

CAP RATE

8.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Avenue Medical Office

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

R3

APN/PARCEL ID

02-08-32-351-012.000-072

ASK ABOUT THIS PROPERTY

Neal BowmanSturges Property GroupMore Info
260-424-8448

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Neal BowmanSturges Property GroupMore Info
260-424-8448

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