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436 E Washington Blvd
Fort Wayne, IN 46802
Office Property For Sale
Investment Highlights
- Recent Five-Year Extension Exercised - 2.5% Annual Rental Increases
- $10.6B Acquisition of Oak Street Health - CVS Closed Acquisition on May 2nd, 2023
- NNN Lease with Management Fee Included - Allows Owner to Hire a Manager or Self Manage and Collect Additional Income
- Low Rental Rate for Facility - See Rent Comparables on Page 7 of Offering Brochure
- Significant Tenant Investment in Property - $1.5MM Capital Contribution for Tenant Improvements
- Additional Billboard Income @ $500/Yr. - Billboard Agreement Expires in October 2023
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
15,000 SF
Building Class
B
Year Built/Renovated
1937/2016
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
15,000 SF
Building FAR
0.56
Lot Size
0.62 AC
Zoning
C-M5B
Parking
27 Spaces (1.8 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 02-12-01-351-006.000-074 | Improvements Assessment | $1,176,000 |
| Land Assessment | $202,500 | Total Assessment | $1,378,500 |
Property Taxes
Parcel Number
02-12-01-351-006.000-074
Land Assessment
$202,500
Improvements Assessment
$1,176,000
Total Assessment
$1,378,500
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