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4929 New Haven Ave 4929 New Haven Ave 60,462 SF Industrial Building Fort Wayne, IN 46803 $5,052,979 ($83.57/SF) 7% Cap Rate
Executive Summary
This offering presents the opportunity to acquire a fully leased industrial investment property located at 4929 New Haven Avenue in Fort Wayne, Indiana. The 60,463 SF office/warehouse facility is occupied by Solv Metals, providing stable, in-place cash flow supported by a long-term lease extending through February 2031, with two additional three-year renewal options.
Situated on 4.02 acres and zoned I-2, the property features a highly functional layout designed for heavy industrial use, including clear ceiling heights of 30’ and 38’6”, multiple overhead doors, and significant power capacity with 600 Amp, 3-phase electric service. The building is further enhanced by five cranes (including three 15-ton cranes), making it well-suited for manufacturing, fabrication, or specialized industrial operations.
Situated on 4.02 acres and zoned I-2, the property features a highly functional layout designed for heavy industrial use, including clear ceiling heights of 30’ and 38’6”, multiple overhead doors, and significant power capacity with 600 Amp, 3-phase electric service. The building is further enhanced by five cranes (including three 15-ton cranes), making it well-suited for manufacturing, fabrication, or specialized industrial operations.
Property Facts
| Price | $5,052,979 | Lot Size | 4.01 AC |
| Price Per SF | $83.57 | Rentable Building Area | 60,462 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 7% | Year Built | 1964 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Clear Ceiling Height | 30’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 5 |
| Zoning | I-2 - Industrial | ||
| Price | $5,052,979 |
| Price Per SF | $83.57 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 4.01 AC |
| Rentable Building Area | 60,462 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Tenancy | Single |
| Clear Ceiling Height | 30’ |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | I-2 - Industrial |
Amenities
- Air Conditioning
Utilities
- Lighting
- Water
- Heating
Major Tenants Click Here to Access
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- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- QuikCut
- Manufacturing
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| QuikCut | Manufacturing | - | $9.99 | Lorem Ipsum | Jan 0000 |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 02-13-09-153-003.000-041 | Improvements Assessment | $2,734,600 |
| Land Assessment | $100,500 | Total Assessment | $2,835,100 |
Property Taxes
Parcel Number
02-13-09-153-003.000-041
Land Assessment
$100,500
Improvements Assessment
$2,734,600
Total Assessment
$2,835,100
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4929 New Haven Ave | 4929 New Haven Ave
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