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Auburn Road Medical Office and Birth Center 9835 Auburn Rd 10,856 SF 100% Leased Office Building Fort Wayne, IN 46825 $4,785,305 CAD ($440.80 CAD/SF) 7.29% Cap Rate
Investment Highlights
- Fully NNN Leased Medical Office Building
- Fully Renovated in 2019
- Two Hospitals Totaling 501 Beds within 2 Miles
- 8 Years Remaining on Lease with 3% Annual Increases
- Excellent Visibility and Easy Access from I-469 and I-69
- Located in Heart of Regional Medical Community
Executive Summary
Explore an exceptional opportunity for Office / Medical investors with this fully NNN leased property. Boasting a 10,856 SF building with a single unit, this extensively renovated space offers long-term security with 8 years remaining on the lease.
Zoned NC and located near Dupont Hospital and numerous medical offices, this meticulously maintained property exemplifies stability and potential for sustained returns. With a strong tenant and 100% occupancy, this turnkey investment showcases the ideal blend of prime location and secure income, making it a standout choice for your portfolio.
Zoned NC and located near Dupont Hospital and numerous medical offices, this meticulously maintained property exemplifies stability and potential for sustained returns. With a strong tenant and 100% occupancy, this turnkey investment showcases the ideal blend of prime location and secure income, making it a standout choice for your portfolio.
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
10,856 SF
Building Class
A
Year Built/Renovated
2002/2019
Price
$4,785,305 CAD
Price Per SF
$440.80 CAD
Cap Rate
7.29%
NOI
$348,849 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,500 SF
Building FAR
0.31
Lot Size
0.80 AC
Zoning
NC - Neighborhood Center
Parking
28 Spaces (4.95 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Number | 02-08-06-180-002.000-072 | Improvements Assessment | $1,437,959 CAD |
| Land Assessment | $283,123 CAD | Total Assessment | $1,721,082 CAD |
Property Taxes
Parcel Number
02-08-06-180-002.000-072
Land Assessment
$283,123 CAD
Improvements Assessment
$1,437,959 CAD
Total Assessment
$1,721,082 CAD
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Auburn Road Medical Office and Birth Center | 9835 Auburn Rd
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