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INVESTMENT HIGHLIGHTS
Capitalization Rate - 9.9%
2019 Net Operating Income - $39,050 2020 Projected NOI - $46,200
Upside Potential
90% Leased
7 Tenants
Growing Area, Close Proximity To Fort Wayne
Well Maintained Building
For Sale - $466,000
INVESTMENT PROPERTY FOR SALE
14601 - 14625 LIMA ROAD FORT WAYNE, INDIANA
1021 S. Calhoun Street | Suite One Fort Wayne, IN 46802 (260) 407-0900 | www.bnd.net
O. Karl Behrens, CCIM, SIOR Direct: (260) 407-7115 Cell: (260) 410-3627 kb@bnd.net
Phil Knapke Direct: (260) 421-1943 Cell: (260) 433-6399 pknapke@bndcommercial.com
Co
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oad
Dupont Road
Lim
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Au
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Cedar Canyon Elementary School
Union Chapel Road
Carroll Road
Hathaway Road
Maple Creek Middle School
Oak View & Perry Hill Elementary Schools
Huntertown Elementary School
Carrol High School
Northrop High School
SITE
INVESTMENT PROPERTY FOR SALE
14601 - 14625 LIMA ROAD FORT WAYNE, INDIANA
1021 S. Calhoun Street | Suite One Fort Wayne, IN 46802 (260) 407-0900 | www.bnd.net
O. Karl Behrens, CCIM, SIOR Direct: (260) 407-7115 Cell: (260) 410-3627 kb@bnd.net
Phil Knapke Direct: (260) 421-1943 Cell: (260) 433-6399 pknapke@bndcommercial.com
Huntertown Elementary School
INVESTMENT PROPERTY FOR SALE
14601 - 14625 LIMA ROAD FORT WAYNE, INDIANA
1021 S. Calhoun Street | Suite One Fort Wayne, IN 46802 (260) 407-0900 | www.bnd.net
O. Karl Behrens, CCIM, SIOR Direct: (260) 407-7115 Cell: (260) 410-3627 kb@bnd.net
Phil Knapke Direct: (260) 421-1943 Cell: (260) 433-6399 pknapke@bndcommercial.com
E
A
B
C
D
F
G
H
I
J
Tenants
A - From This Day Forward
B - Nine House
C - Wizard’s World
D - Subway
E - From This Day Forward
F - Talent Avenue
G - Vacant
H - Vacant
I - Love, Katiedid
J - Acorn Realty
INVESTMENT PROPERTY FOR SALE
14601 - 14625 LIMA ROAD FORT WAYNE, INDIANA
1021 S. Calhoun Street | Suite One Fort Wayne, IN 46802 (260) 407-0900 | www.bnd.net
O. Karl Behrens, CCIM, SIOR Direct: (260) 407-7115 Cell: (260) 410-3627 kb@bnd.net
Phil Knapke Direct: (260) 421-1943 Cell: (260) 433-6399 pknapke@bndcommercial.com
INVESTMENT PROPERTY FOR SALE
14601 - 14625 LIMA ROAD FORT WAYNE, INDIANA
1021 S. Calhoun Street | Suite One Fort Wayne, IN 46802 (260) 407-0900 | www.bnd.net
O. Karl Behrens, CCIM, SIOR Direct: (260) 407-7115 Cell: (260) 410-3627 kb@bnd.net
Phil Knapke Direct: (260) 421-1943 Cell: (260) 433-6399 pknapke@bndcommercial.com
Property Information
Parcel ID’s 02-02-19-227-007.000-058, 02-02-19-277-003.000-058
Address 14601 - 14625 Lima Rd
City/State/Zip Huntertown, IN 46748
Sale Price $466,000
Cap Rate 9.9 % - Upside Potential
Estimated NOI $46,200
Lease Length Month to Month
Occupancy (7 Tenants) Acorn Realty - Love, Katiedid - Talent Avenue - Subway Wizard's World - Nine House - From This Day Forward (2 spaces)
Building Information
Building Size 11,100 Total SF / 222’ x 50’
Land Area ± 1.45 Acres
Zoning C-3 / General Commercial
Construction Type Wood Frame
Construction Year 1996
Number of Floors One
Roof Metal
Heating System Gas forced - Five Units
Air Conditioning Central Air - Five Units
Electric Separately Metered
Sprinkler System No
Parking Shared Parking - 63 Spaces
Building Dimensions 222’ x 50’
The information contained herein was obtained from sources we believe to be reliable. We cannot be responsible, however, for errors, omissions, prior sale, withdrawal from the market or change in price. Broker makes no representation as to the environmental or structural condition of the property and recommends independent investigation by all parties.
INVESTMENT PROPERTY FOR SALE
14601 - 14625 LIMA ROAD FORT WAYNE, INDIANA
1021 S. Calhoun Street | Suite One Fort Wayne, IN 46802 (260) 407-0900 | www.bnd.net
O. Karl Behrens, CCIM, SIOR Direct: (260) 407-7115 Cell: (260) 410-3627 kb@bnd.net
Phil Knapke Direct: (260) 421-1943 Cell: (260) 433-6399 pknapke@bndcommercial.com
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