Investment Opportunity! 1000-1400 Airport North (5 Buildings)

Industrial for Sale
Catylist Listing ID: 30029260
Property Subtypes: Mixed Use, Warehouse/Distribution
Building Size (RSF): 51,000 SF
Gross Building Area: See Agent
Gross Land Area: 5.25 Acres
Sale Price: $3,825,000
Unit Price: $75 PSF
Ceiling: 10 ft.
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.05%
Last Updated: 1/10/2019

Overview / Comments

Airport North Business Park Investment Opportunity! 5 Buildings totaling 51,000 SF of industrial/flex space. 95% occupied with upside potential. 9.25% cap rate. Built 1991-1995.

Additional Details

Nearest MSA: Fort Wayne
County: Allen
Tax ID/APN: 02-07-15-226-001.000-073
Highway Access: Less than one mile from I-69
Airports: Adjacent to Smith Field Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 5
Typical SF / Floor: 10,200 SF
Property Condition: Average
Year Built: 1995
Construction/Siding: Steel Frame
Parking Type: Surface
Parking Description: 40+ spaces per building
Overhead Cranes: Undisclosed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,953 52,024 145,163
Median Age: 36.44 35.14 35.5
Households: 2,387 21,435 58,449
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