406-416 S Scott Rd
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406-416 S Scott Rd
11,700 SF 100% Leased Office Building Fort Wayne, IN 46814 $2,490,000 ($213/SF) 8.52% Cap Rate
Investment Highlights
- Class A, multi tenant office park with excellent visibility along S Scott Rd
- 100% occupied with long term, reputable businesses with deep community roots
- Located in a desirable part of the city with limited competition from other property types
- Ideal southwest location near shopping, restaurants, professional offices and residential
Executive Summary
The property is a two building professional office campus located in desirable, Southwest Fort Wayne, IN. Construction of the 6,128
SF Building 1 (2006) and 11,120 SF Building 2 (2017) remain in Class A condition. The property is 1.68 acres along S. Scott Road, which is the main collector road connecting Illinois Road to the surrounding high end residential area. The direct area includes a national grocer anchored power center, numerous community retail strip centers, and a retirement community. Due to the absence of professional offices in the area, Sycamore Pointe is highly sought after for working professionals looking to establish an office close to home in the area.
SF Building 1 (2006) and 11,120 SF Building 2 (2017) remain in Class A condition. The property is 1.68 acres along S. Scott Road, which is the main collector road connecting Illinois Road to the surrounding high end residential area. The direct area includes a national grocer anchored power center, numerous community retail strip centers, and a retirement community. Due to the absence of professional offices in the area, Sycamore Pointe is highly sought after for working professionals looking to establish an office close to home in the area.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
11,700 SF
Building Class
A
Year Built
2017
Price
$2,490,000
Price Per SF
$213
Cap Rate
8.52%
NOI
$212,029
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,700 SF
Building FAR
0.16
Lot Size
1.68 AC
Zoning
C-1 - Limited Commercial
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Farrington Specialty Center
- Services
- -
- -
-
Lorem Ipsum
-
Jan 0000
- University of Notre Dame
- Services
- -
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Farrington Specialty Center | Services | - | - | Lorem Ipsum | Jan 0000 | |
| University of Notre Dame | Services | - | - | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | 02-11-03-328-005.000-038 | Improvements Assessment | $1,274,500 |
| Land Assessment | $146,400 | Total Assessment | $1,420,900 |
PROPERTY TAXES
Parcel Number
02-11-03-328-005.000-038
Land Assessment
$146,400
Improvements Assessment
$1,274,500
Total Assessment
$1,420,900
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406-416 S Scott Rd
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