1211 Progress Road

Industrial for Sale
Catylist Listing ID: 28588220
Property Subtypes: Industrial-Business Park, Manufacturing, Light Industrial, Net Leased, Warehouse/Distribution, Other
Building Size (RSF): 74,448 SF
Gross Building Area: See Agent
Gross Land Area: 5.36 Acres
Sale Price: $2,950,000
Unit Price: $39.62 PSF
Ceiling: 18 ft.
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.02%
Last Updated: 12/13/2018

Overview / Comments

Excellent Investment Opportunity! Fully leased income property with two (2) long-term, net lease tenants. Leases don't expire until Dec 2018 and May 2019. Cap rate is 9.02% and projected 2013 Net Operating Income is $266,067. Great north side location with easy access to Lima Road/Hwy 3, Coliseum Blvd. and I-69.

Attachments & Media

Additional Details

Nearest MSA: Fort Wayne
County: Allen
Tax ID/APN: 02-07-22-404-004.000-073
Zoning: C-4
Market Type: Medium
Tenancy: Multiple Tenants
Overhead Cranes: Undisclosed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,796 67,204 172,345
Median Age: 31.98 33.56 34.58
Households: 2,135 27,821 69,550
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