PROPER PROPERTY HIGHLIGHTS Y HIGHLIGHTS Senior Investment Advisor 260.489.8500 [email protected]MARK B MARK BARINGER ARINGER Rare multi-tenant industrial opportunity 16 total suites, with potential combination- currently leased as fourteen leases Great small business and incubator space, with office and warehouse with overhead doors PRESENTED B PRESENTED BY: All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. FOR SALE | INDUSTRIAL INVESTMENT 2802-3020 CONGRESSIONAL PKWY 2802-3020 Congressional Pkwy | Fort Wayne, IN 46804
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FOR SALE | INDUSTRIAL INVESTMENT 2802-3020 ......PROPERTY HIGHLIGHTS Senior Investment Advisor 260.489.8500 [email protected] MARK BARINGER Rare multi-tenant industrial opportunity
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MARK BMARK BARINGERARINGER Rare multi-tenant industrial opportunity
16 total suites, with potential combination- currently leased
as fourteen leases
Great small business and incubator space, with office and
warehouse with overhead doors
PRESENTED BPRESENTED BYY::
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
FOR SALE | INDUSTRIAL INVESTMENT
2802-3020 CONGRESSIONAL PKWY2802-3020 Congressional Pkwy | Fort Wayne, IN 46804
The subject is two separate multi-tenant flex buildings on separate parcels.They are separated by one property. Built in 1988, these spaces haveexcellent appeal for wholesale, small business, incubator and secondary/regional spaces. This is a rare chance to own multi-tenant industrial spacein the Fort Wayne market. Rents are below market giving an investor upsidepotential.
LLOCOCAATION OTION OVERVERVIEWVIEW
Located just off Goshen Rd in Congressional Industrial Park, just 1.5 milesfrom I-69 and US 33/30. Industrial park location with local, national andinternational companies.
SALE PRICE: $995,000
LOT SIZE: 3.42 Acres
BUILDING SIZE: 26,400 SF
CAP RATE: 8.25%
YEAR BUILT: 1988
Fort Wayne, IN 46804
2802-3020 CONGRESSIONAL PKWYFOR SALE | INDUSTRIAL INVESTMENT
All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
2802-3020 CONGRESSIONAL PKWYFOR SALE | INDUSTRIAL INVESTMENT
All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
RE Taxes- actual 30,296 21,786 Could go down with one acre lot split in 2015 from 3020 Insurance 1,367 3,648
Utilities- 7,930 8,406
Repairs- 19,053 23,498
Lndscaping.snow 6,568 3,487
Total expenses 65,214 60,825
ProForma Net Operating Income 86,900 91,289
The real estate taxes are actual, but may go down after a lot split of rear land (approximately 1 acre). Owners from Ohio self manage the properties , and bring maintenance people from Ohio. Above Income is proforma with a better managed property.
All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
MMediaedian age (n age (ffemaleemale)) 35.9 34.2 36.0
Fort Wayne, IN 46804
2802-3020 CONGRESSIONAL PKWYFOR SALE | INDUSTRIAL
Fort Wayne, IN 46804
2802-3020 CONGRESSIONAL PKWYFOR SALE | INDUSTRIAL
All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Mark BaringerSenior Investment AdvisorSVN | Parke Group
Mark Baringer serves as a Senior Investment Advisor with Sperry VanNess Parke Group in Fort Wayne. He specializes in the sale ofinvestment properties, including shopping centers, multifamily, andsingle tenant NNN properties. Other product types includedevelopment and agricultural land parcels. His work in NNNproperties in predominantly in Indiana and Ohio, but includes workassignments across the country.
His clients and customers have included real estate investmenttrusts, corporations, partnerships, banks and regional, national andinternational investors. He has been an advisor in commercial andinvestment real estate for 28 years. He is licensed in Indiana andOhio.
Prior to commercial and investment brokerage, Baringer was involvedin the banking and appraisal field for seven years. He served in RealEstate Administration for SunTrust Bank in Florida, working onvaluation and special projects on a local, regional and national level.He also worked for an independent MAI firm.
Baringer has proven experience in creating value for his clients duringboth the acquisition and disposition processes, and helping solvechallenges in both individual assets and portfolios.
Mark is also an original board member of Children's Lantern, a faithbased 501c foundation helping helpless children. The areas of concerninclude feeding children, freeing sex slaves, funding adoptions andfostercare, both nationally and internationally.www.ChildrensLantern.org