402-404 S Scott Rd - Showroom FOR SALE


Fort Wayne, IN 46814- Southwest Fort Wayne
$2,495,000 USD
260-423-4311
402-404 S Scott Rd, Fort Wayne, IN for Sale
$2,495,000 USD
Showroom - FOR SALE
1/71
null | Request Cap Rate

402-404 S Scott Rd
Fort Wayne, IN 46814
Southwest Fort Wayne


HIGHLIGHTS

  • 100% Occupied with tenants in occupancy for approximately 6 to 18 years
  • Two-building office park totaling 18,231 SF on a 1.68-acre parcel
  • Located just off Illinois Road with traffic counts of approximately 16,300 vehicles per day
  • In-place rents average $15.84 PSF compared to the Fort Wayne Class A suburban average of $18.34 PSF
  • Abundant surface parking with 72 parking spaces
  • Parcel configuration allows for potential condominiumization of individual units or sale of one building at a time

OVERVIEW

Sycamore Pointe is a stabilized, income-producing Class A office park comprising two buildings on a 1.68-acre parcel near the Illinois Road / Scott Road intersection. Building 2 (2016) contains five professional suites totaling 12,060 SF, while Building 1 (2005) is occupied by Premiere Dance Company across 6,171 SF. The property is 100% occupied, with tenants that have maintained occupancy ranging from 6 to 18 years. The improvements are in excellent overall condition and include abundant surface parking, mature landscaping, and strong street identity. For the complete Offering Memorandum with financials, please contact brokers.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$382 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building 2

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

UTILITIES

Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

1.17

LAND SF

50,965

ZONING

C-1A

APN/PARCEL ID

02-11-03-328-005.000-038

ASK ABOUT THIS PROPERTY

Carolyn Spake-Leeper, SIORBradley CompanyMore Info
260-423-4311

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Carolyn Spake-Leeper, SIORBradley CompanyMore Info
260-423-4311

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