436 E Washington Blvd
Fort Wayne, IN 46802
Office Property For Sale

Built in 1937 and renovated in 2016, the 436-508 East Washington building was redeveloped for and is almost entirely occupied by Oak Street Health, per its license agreement with building tenant Preservation on Main Inc., a wholly owned subsidiary of Humana Inc. Additionally, Humana’s MarketPoint sales office is located in the building; this is Humana’s only location in Ft. Wayne for direct consumer sales of its insurance products. Over $2.1 million was invested into the complete renovation of the facility during which all base building systems were updated. The asset benefits from a seven (7) year lease with Preservation on Main, Inc. which has two (2) additional five (5) year extension options. The decision to locate in the 436-508 East Washington building was a culmination of significant due diligence into the market demographics, primary care and Medicare usage as well as an emphasis on accessibility for their clients. The tenant has invested $1.2M of their own capital into the building signifying a long term commitment to the investment and the real estate. The buyer of the 436-508 East Washington building will benefit from an institutionally strong tenant with a long term commitment to the Fort Wayne health care marketplace.