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Auburn Road Medical Office and Birth Center 9835 Auburn Rd 10,856 SF 100% Leased Office Building Fort Wayne, IN 46825 $3,500,000 ($322.40/SF) 7.29% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully NNN Leased Medical Office Building
- Fully Renovated in 2019
- Two Hospitals Totaling 501 Beds within 2 Miles
- 8 Years Remaining on Lease with 3% Annual Increases
- Excellent Visibility and Easy Access from I-469 and I-69
- Located in Heart of Regional Medical Community
EXECUTIVE SUMMARY
Explore an exceptional opportunity for Office / Medical investors with this fully NNN leased property. Boasting a 10,856 SF building with a single unit, this extensively renovated space offers long-term security with 8 years remaining on the lease.
Zoned NC and located near Dupont Hospital and numerous medical offices, this meticulously maintained property exemplifies stability and potential for sustained returns. With a strong tenant and 100% occupancy, this turnkey investment showcases the ideal blend of prime location and secure income, making it a standout choice for your portfolio.
Zoned NC and located near Dupont Hospital and numerous medical offices, this meticulously maintained property exemplifies stability and potential for sustained returns. With a strong tenant and 100% occupancy, this turnkey investment showcases the ideal blend of prime location and secure income, making it a standout choice for your portfolio.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Office
Building Size
10,856 SF
Building Class
A
Year Built/Renovated
2002/2019
Price
$3,500,000
Price Per SF
$322.40
Cap Rate
7.29%
NOI
$255,150
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,500 SF
Building FAR
0.31
Lot Size
0.80 AC
Zoning
NC - Neighborhood Center
Parking
28 Spaces (4.95 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 02-08-06-180-002.000-072 | Improvements Assessment | $1,012,400 |
| Land Assessment | $209,100 | Total Assessment | $1,221,500 |
PROPERTY TAXES
Parcel Number
02-08-06-180-002.000-072
Land Assessment
$209,100
Improvements Assessment
$1,012,400
Total Assessment
$1,221,500
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Auburn Road Medical Office and Birth Center | 9835 Auburn Rd
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