Fort Wayne, IN - Amazon Delivery Warehouse

8610 Avionics Drive, Fort Wayne, IN

$16,094,000

Price

5.75%

Cap Rate

$925,425

NOI

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Overview
Cap Rate
5.75%
NOI
$925,425
Building Size
150,600 sqft
Lot Area
26.36 acres
Description

• There are 7 years remaining on this lease with 2 (5-year) options to extend, demonstrating their commitment to the site
• The lease is corporate guaranteed by Amazon.com, Inc., an investment grade brand with 1,500,000+ employees
• The 1.5% annual rental increases provide a strong hedge against inflation while steadily increasing the NOI

• The asset is strategically located off Airport Expressway, which averages 20,900 VPD
• The Airport Business Center trade area is supported by a handful of credit industrial users such as Pepsi, Coca-Cola, BAE Systems,Do Good Foods, General Motors, Amazon Fullfillment Center (3 min drive from subject site), and more
• Located across from Fort Wayne International Airport, serving hubs of Atlanta, Chicago, Dallas-Fort Worth, Detroit, and Minneapolis
• 4 miles East of Interstate 69 (40,900 VPD), allowing for direct on/off ramp access for delivery vehicles
• The asset has excellent visibility and multiple points of ingress/egress

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Listing ID: a288X000007VlhEQAS
Location
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