1111 Chestnut Hills Pky | Fort Wayne, IN 46814
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- LoopNet Team
1111 Chestnut Hills Pky
Fort Wayne, IN 46814
Office Property For Sale
Investment Highlights
- Single-tenant investment opportunity at 9.2% cap rate with NOI of $643,693.80
- Single national tenant is guaranteed to stay for at least 7 years (will not risk over $6M termination fee)
- The property is minutes from Interstate 69 with great visibility and accessibility
- Absolute NNN with no expenses to the landlord
- Class A office-building, built in 2001 and meticulously maintained with 75 parking spaces
- Fantastic location with strong demographics: between the Chicago, Detroit, and Indianapolis (half the U.S. population is within a one-day drive))
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
25,087 SF
Building Class
A
Year Built
2001
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,544 SF
Building FAR
0.22
Lot Size
2.56 AC
Zoning
C1
Parking
30 Spaces (1.2 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 02-11-04-453-009.000-038 | Improvements Assessment | $1,682,300 |
| Land Assessment | $450,800 | Total Assessment | $2,133,100 |
PROPERTY TAXES
Parcel Number
02-11-04-453-009.000-038
Land Assessment
$450,800
Improvements Assessment
$1,682,300
Total Assessment
$2,133,100
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