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Lake Avenue Medical Office 3401 Lake Ave 7,857 SF 100% Leased Office Building Fort Wayne, IN 46805 $1,020,075 CAD ($129.83 CAD/SF) 9% Cap Rate
Investment Highlights
- 3 Tenant medical office building
- Water and sewer service is provided
- Well-placed in one of Fort Wayne's major medical service districts
Executive Summary
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 multitenant 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 Ave 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.
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 Ave 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.
Property Facts
Sale Type
Investment
Property Type
Building Size
7,857 SF
Building Class
C
Year Built
1974
Price
$1,020,075 CAD
Price Per SF
$129.83 CAD
Cap Rate
9%
NOI
$91,807 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,857 SF
Building FAR
0.18
Lot Size
1.03 AC
Zoning
R3
Parking
47 Spaces (5.98 Spaces per 1,000 SF Leased)
Amenities
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Mobile Wellness Solutions, Inc.
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
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Jan 0000
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- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
MyEyeDr. began in 2001 with a goal of combining comprehensive eye care and eyewear in one place. The company provides eye exams, optometry services, eyewear, contact lens offerings, and insurance-friendly patient care through a network of vision care centers across the United States. MyEyeDr. built its model around localized service from community doctors, paired with a broad selection of glasses and brands for different budgets and lifestyles. The business continues to focus on vision health and retail eyewear as its core verticals while serving patients through a wide national footprint.
- RSVP of Allen County, Inc.
- Administrative and Support Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Mobile Wellness Solutions, Inc. | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
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Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| RSVP of Allen County, Inc. | Administrative and Support Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 02-08-32-351-012.000-072 | Improvements Assessment | $411,970 CAD |
| Land Assessment | $190,086 CAD | Total Assessment | $602,055 CAD |
Property Taxes
Parcel Number
02-08-32-351-012.000-072
Land Assessment
$190,086 CAD
Improvements Assessment
$411,970 CAD
Total Assessment
$602,055 CAD
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Lake Avenue Medical Office | 3401 Lake Ave
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