111 W Wayne St
Fort Wayne, IN 46802 Downtown Fort Wayne

• Unit Size: 9,505 SF
• Condo Use: Office/Retail
• Price: $1,375,000 USD
• Sale Type: Investment
• Price/SF: $144.66 USD

Description

Excellent opportunity to acquire a 100% leased, multi-tenant investment property in the heart of Downtown Fort Wayne. Located at the highly visible intersection of Wayne and Calhoun Streets within Midtowne Crossing, this 9,505 SF street-level retail/office condominium is occupied by three complementary tenants: Jimmy John’s, UJIMA Therapeutic Services, and Wild Roots Nature Based Learning. The diversified tenant mix, long-term lease structure, and scheduled rental increases provide stable cash flow with built-in income growth. Offered at $1,375,000 ($144.66/SF), the property has a projected 5-year average NOI of $118,333 and average cap rate of 8.61%. Tenants benefit from a prime downtown location within walking distance of restaurants, entertainment, financial, legal, and governmental offices, along with convenient access to nearby parking and Midtowne Crossing amenities including controlled access, a fitness center, and outdoor patio areas. This offering provides investors an opportunity to acquire a fully occupied, income-producing asset in one of Fort Wayne’s most active downtown corridors.

FOR MORE INFORMATION ON THIS, AND ALL BND PROPERTIES, PLEASE VISIT OUR WEBSITE AT www.bnd.net/listings.

Sale Notes

Excellent opportunity to acquire a 100% leased, multi-tenant investment property in the heart of Downtown Fort Wayne. Located at the highly visible intersection of Wayne and Calhoun Streets within Midtowne Crossing, this 9,505 SF street-level retail/office condominium is occupied by three complementary tenants: Jimmy John’s, UJIMA Therapeutic Services, and Wild Roots Nature Based Learning. The diversified tenant mix, long-term lease structure, and scheduled rental increases provide stable cash flow with built-in income growth. Offered at $1,375,000 ($144.66/SF), the property has a projected 5-year average NOI of $118,333 and average cap rate of 8.61%. Tenants benefit from a prime downtown location within walking distance of restaurants, entertainment, financial, legal, and governmental offices, along with convenient access to nearby parking and Midtowne Crossing amenities including controlled access, a fitness center, and outdoor patio areas. This offering provides investors an opportunity to acquire a fully occupied, income-producing asset in one of Fort Wayne’s most active downtown corridors.

FOR MORE INFORMATION ON THIS, AND ALL BND PROPERTIES, PLEASE VISIT OUR WEBSITE AT www.bnd.net/listings.