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Building 2 402-404 S Scott Rd 17,065 SF 100% Leased Flex Building Fort Wayne, IN 46814 $2,495,000 ($146.21/SF)
Investment Highlights
- 100% Occupied with tenants in occupancy for approximately 6 to 18 years
- Located just off Illinois Road with traffic counts of approximately 16,300 vehicles per day
- Abundant surface parking with 72 parking spaces
- Two-building office park totaling 18,231 SF on a 1.68-acre parcel
- In-place rents average $15.84 PSF compared to the Fort Wayne Class A suburban average of $18.34 PSF
- Parcel configuration allows for potential condominiumization of individual units or sale of one building at a time
Executive Summary
Sycamore Pointe is a stabilized, income-producing Class A office park comprising two buildings on a 1.68-acre parcel near the Illinois Road / Scott Road intersection. Building 2 (2016) contains five professional suites totaling 12,060 SF, while Building 1 (2005) is occupied by Premiere Dance Company across 6,171 SF. The property is 100% occupied, with tenants that have maintained occupancy ranging from 6 to 18 years. The improvements are in excellent overall condition and include abundant surface parking, mature landscaping, and strong street identity.
For the complete Offering Memorandum with financials, please contact brokers.
For the complete Offering Memorandum with financials, please contact brokers.
Property Facts
| Price | $2,495,000 | Lot Size | 1.17 AC |
| Price Per SF | $146.21 | Rentable Building Area | 17,065 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Flex | Year Built | 2005 |
| Property Subtype | Showroom | Parking Ratio | 4.22/1,000 SF |
| Building Class | A | ||
| Zoning | C-1A | ||
| Price | $2,495,000 |
| Price Per SF | $146.21 |
| Sale Type | Investment |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | A |
| Lot Size | 1.17 AC |
| Rentable Building Area | 17,065 SF |
| No. Stories | 1 |
| Year Built | 2005 |
| Parking Ratio | 4.22/1,000 SF |
| Zoning | C-1A |
Amenities
- Signage
Utilities
- Water - City
- Sewer - City
- Heating - Gas
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 02-11-03-328-005.000-038 | Improvements Assessment | $1,512,000 |
| Land Assessment | $146,400 | Total Assessment | $1,658,400 |
Property Taxes
Parcel Number
02-11-03-328-005.000-038
Land Assessment
$146,400
Improvements Assessment
$1,512,000
Total Assessment
$1,658,400
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Building 2 | 402-404 S Scott Rd
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