Lake Avenue Medical Office

Overview

Sturges Property Group has been appointed the exclusive agent for the sale of the MyEyeDr medical office building on Lake Avenue in Fort Wayne, IN. The 7,857 square-foot multi-tenant building is 100% leased to three established service providers, offering investors immediate and stable cash flow. The income stream is further anchored by a corporate guarantee by Capital Vision Services, LLC on the MyEyeDr space.

The property benefits from long-term tenancy and predictable income streams in a busy medical corridor. This offering provides investors with the opportunity to acquire a stabilized healthcare asset with secure income, long-term tenants, and upside potential through future rent growth and/or conversion to triple net leases.

3401 Lake Avenue sees over 8,000 vehicles per day and is easily accessible to major thoroughfares as it is situated between Hobson Road and Coliseum Boulevard/SR 930.

This is a 3-tenant medical office building located in one of Fort Wayne’s premier medical corridors. This asset is offered as a 100% leased stabilized opportunity for an investor with upside potential through scheduled rent escalations in renewals or conversion to triple net leases upon turnover.

The property is well-placed in one of Fort Wayne’s major medical/service districts. Neighbors include Parkview Hospital-Randallia, VA Northern Indiana Healthcare Systems, Lutheran Health Physicians, Byron Health Center, Parkview Behavioral Health, and PACE of Northeast Indiana.

Water and sewer service is provided by the City of Fort Wayne. Electrical service is provided by American Electric Power, and gas service is provided by NIPSCO.

Map of Location