STNL Industrial in Fort Wayne IN | Inflation Hedge Annual Increases of 2.9%
3405 Engle Road, Fort Wayne, IN, USA Map
Listing Price $4,062,667
| Status | Active |
| Lease Type | Double Net |
| Property Type | Industrial |
| CAP Rate | 7.5% |
| GLA (Sq. Ft.) | 110,000 |
| NOI | $304,700 |
| Lease Term Remaining | 5 Years |
| Increases | 2.9% Annually |
| Options | 1 x 5 Year |
| State (BOR) | IN |
| Broker of Record | Josh Caruana |
| License # (BOR) | RB14034355 |
Investment Highlights
- Subject is a Prime 110,000 Square-Foot Industrial Building
on a Ten Acre Lot and Features Ample Parking and Easy
Ingress/Egress - Features an NN Lease with a Five-Year Base Term and
Minimal Landlord Responsibility | Average 2.9% Annual
Rental Increases, 1 x 5-Year Option - Subject Includes 8 Docking Bays, 15-16 Foot Ceiling Heights
throughout, and 125 Parking Spaces for Employees and Visitors - Tenant Nelson Global was Founded in 1939 and Has
Operations in Seven Countries, with Revenue Greater than
$400 Million Dollars - Well Established Industrial Corridor | Nearby National Tenants
Include: Coca-Cola, Johnson Controls, Seavac, International
Paper, Mitsubishi, LH Carbide, and Sabert - Affluent Community in Fort Wayne Metropolitan Statistical
Area with a Population of 146,173 and an Average
Household Income of Over $59,766 Within Five Miles of the
Subject Asset, as of 2021 - Robust Traffic Counts on Engle Road (13,501 Vehicles Per
Day), and About One Mile From Jefferson Blvd (29,141
Vehicles Per Day) (Source: CoStar 2022) - Subject is less than 4 Miles from Ft Wayne International
Airport, Serving 600 Thousand Passengers Annually
(fwairport.com) - Parks and Outdoor Recreational Facilities Nearby Include:
Eagle Marsh Nature Preserve, Foster Park, Fox Island County
Park, Orchard Ridge Country Club, and Little River Wetlands
