• Sale Price
    $1,450,000
  • Year Built
    1989
  • Building Size
    37,618 sq. ft.
  • Land Area
    1.86 acres
  • Occupancy Rate
    95%
  • Number of Tenants
    5
  • Property Type
    Investment

Highlights

  • Multi-tenant industrial flex building that is currently 95% occupied
  • New five-year, market rate, NNN leases to be executed at closing for 65% of leasable area
  • Located in an established industrial warehouse neighborhood with strong leasing history
  • Financials for this Property are Available Upon Request & Executed CA

Overview

2727 Lofty Drive is a multi-tenant industrial flex building that is occupied by five tenants. This investment opportunity consists of 37,618 square feet, nine units, and occupancy exceeding 95%. Two of the largest tenants (65% of leasable area) have agreed to execute new five-year, triple-net leases commencing at the sale closing.

This well-maintained property is situated two miles northwest of downtown Ft. Wayne, in neighborhood with a strong industrial warehouse history. Major establishments in the neighborhood include Dana Incorporated, Press-Seal Corporation, Tristate Warehousing, and the University of St. Francis.

Map of Location

Brad Sturges President
Neal Bowman Senior Broker
Rebecca Worrell Broker
Philip Hagee Listing Manager
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