|Catylist Listing ID:
Food Processing, Free-Standing
|Building Size (RSF):
|Gross Building Area:
||18 ft. / 35 ft. Clear
|Property Use Type:
Overview / Comments
The subject property is 105,698 square feet and will be leased for fifteen years to Ellison Bakery. Ellison is a Fort Waynebased food business specializing in dessert products. Based on proposed financing of 75% LTV, 4.75% interest rate, and a 25-year amortization, the prospective investor would achieve a 10.24% levered return in the first year of ownership. The property is situated in the Airport Corridor, Fort Wayne’s strongest industrial submarket. In addition to the location’s unrivaled proximity to the airport, the site enjoys immediate access to several major transportation thoroughfares. The absolute net nature of the lease implies the tenant’s responsibility for all expenses pertaining to the building including maintenance & repairs and major capital improvements.
Attachments & Media
|Property Located Between:
||W. of Airport Drive
© Copyright 2001-2019 Catylist. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Commercial Property Information Exchange (CPIX) nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.