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INVESTMENT - 1010 Production Road 1010 Production Rd 302,819 SF 100% Leased Office Building Fort Wayne, IN 46808 $37,090,441 CAD ($122.48 CAD/SF) 9% Cap Rate
Investment Highlights
- Fully Leased
- Leased to Two Industry Leading, Strong Credit Tenants - Raytheon and Parkview Health System
- Long-Term Leases in Place
Executive Summary
1010 Production Road is a 302,819 SF Class A office and technology campus that is 100% leased to Raytheon and Parkview Health System, both on long-term NNN leases through June 2033. The property includes three connected buildings on 21.57 acres with secure infrastructure, updated interiors, and ample parking. Raytheon operates defense-related engineering programs on-site, while Parkview occupies administrative and support space. The asset offers steady income backed by established tenants with annual rent growth. Located in Fort Wayne, the property benefits from a strong regional labor market and growing business community. A full investment package is available with a signed Confidentiality Agreement.
FOR MORE INFORMATION ON THIS, AND ALL BND PROPERTIES, PLEASE VISIT OUR WEBSITE AT www.bndcommercial.com/listings
FOR MORE INFORMATION ON THIS, AND ALL BND PROPERTIES, PLEASE VISIT OUR WEBSITE AT www.bndcommercial.com/listings
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
302,819 SF
Building Class
B
Year Built
1981
Price
$37,090,441 CAD
Price Per SF
$122.48 CAD
Cap Rate
9%
NOI
$3,338,140 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
100,940 SF
Building FAR
0.32
Lot Size
21.57 AC
Zoning
C4 - Intensive Commercial
Parking
950 Spaces (3.14 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Security System
- Air Conditioning
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 02-07-22-427-006.000-073 | Improvements Assessment | $11,868,941 CAD |
| Land Assessment | $1,175,630 CAD | Total Assessment | $13,044,571 CAD |
Property Taxes
Parcel Number
02-07-22-427-006.000-073
Land Assessment
$1,175,630 CAD
Improvements Assessment
$11,868,941 CAD
Total Assessment
$13,044,571 CAD
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INVESTMENT - 1010 Production Road | 1010 Production Rd
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