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1301 S Harrison St
Fort Wayne, IN 46802
Lincoln National Life Corporate Headquarter · Office Property For Sale

Investment Highlights

  • Mostly NNN-Absolute
  • Credit Rated S&P 500 Tenant
  • Landmark Building, $19M+ Invested in Renovations by Tenant (2018-2020)
  • Fully Guaranty by Lincoln National Life
  • 5 Plus Years Remaining on Term with Extensions Available

Executive Summary

NNN Leased Lincoln National Life corporate headquarters in downtown Fort Wayne, IN. The property is 97% leased with Lincoln Financial being the only tenant. Lincoln has occupied the original portion of the Harrison building since 1924. To accommodate their continued growth, the original building was expanded on two occasions along with an additional office building, a service center and a structured parking garage. The sale will include the Harrison building (535,743 SF), the Service building (41,820 SF) and the structured parking garage. The property is leased through December 31, 2029 with 2% annual increases in rent (the next rent increase on 1/1/2025). Lincoln also has one (1) ten (10) year option to renew.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Building Size
566,867 SF
Building Class
B
Year Built/Renovated
1925/2020
Price
$27,946,071
Price Per SF
$49.30
Cap Rate
7%
NOI
$1,956,225
Tenancy
Single
Building Height
9 Stories
Typical Floor Size
62,985 SF
Slab To Slab
12’
Building FAR
2.63
Lot Size
4.94 AC
Opportunity Zone
Yes
Zoning
DC
Parking
378 Spaces (0.67 Spaces per 1,000 SF Leased)

Sustainability

Energy Star Certified
94
ENERGY STAR certified buildings save energy and help protect the environment.

Sustainability

ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.

Property Taxes

Property Taxes

Parcel Number
02-12-11-207-002.000-074
Land Assessment
$648,900
Improvements Assessment
$15,716,500
Total Assessment
$16,365,400
  • Listing ID: 31319972

  • Date on Market: 3/25/2024

  • Last Updated:

  • Address: 1301 S Harrison St, Fort Wayne, IN 46802

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