price reduced / now leasing · sale price: $349,000 lease rate: $6.00/sf/nnn -entire bldg....

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OVERVIEW : (2) Total Buildings: 7,664 SF - Office 780 SF - Storage Acreage: 0.71 +/- acres Investment Opportunity! Single or Multi-Tenant Possibilities Well maintained building, good parking capacity at adjacent building Located close proximity to re-vitalized downtown Fort Wayne, governmental / professional offices, shopping and restaurants Highly visible; heavily traveled N. Clinton. / Spy Run Ave - 23,000 VPD Sale Price: $349,000 Lease Rate: $6.00/SF/NNN - entire bldg. $8.00/SF/NNN - portion of bldg. 1021 S. Calhoun Street | Suite One Fort Wayne, IN 46802 (260) 407-0900 | www.bndcommercial.com FOR SALE > FOR LEASE 7,664 SF OFFICE 1610 SPY RUN AVENUE FORT WAYNE, INDIANA O. Karl Behrens, CCIM, SIOR Direct: (260) 407-7115 Cell: (260) 410-3627 [email protected] Carolyn Spake–Leeper, SIOR Direct: (260) 421-1916 Cell: (260) 437-8745 [email protected] PRICE REDUCED / NOW LEASING

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  • OVERVIEW :

    (2) Total Buildings: 7,664 SF - Office 780 SF - Storage

    Acreage: 0.71 +/- acres

    Investment Opportunity! Single or Multi-Tenant Possibilities

    Well maintained building, good parking capacity at adjacent building

    Located close proximity to re-vitalized downtown Fort Wayne, governmental / professional offices, shopping and restaurants

    Highly visible; heavily traveled N. Clinton. / Spy Run Ave - 23,000 VPD

    Sale Price: $349,000

    Lease Rate: $6.00/SF/NNN - entire bldg. $8.00/SF/NNN - portion of bldg.

    1021 S. Calhoun Street | Suite One Fort Wayne, IN 46802 (260) 407-0900 | www.bndcommercial.com

    FOR SALE > FOR LEASE 7,664 SF OFFICE

    1610 SPY RUN AVENUE FORT WAYNE, INDIANA

    O. Karl Behrens, CCIM, SIOR Direct: (260) 407-7115 Cell: (260) 410-3627 [email protected]

    Carolyn Spake–Leeper, SIOR Direct: (260) 421-1916 Cell: (260) 437-8745 [email protected]

    PRICE REDUCED / NOW LEASING

  • 1021 S. Calhoun Street | Suite One Fort Wayne, IN 46802 (260) 407-0900 | www.bndcommercial.com

    O. Karl Behrens, CCIM, SIOR Direct: (260) 407-7115 Cell: (260) 410-3627 [email protected]

    Carolyn Spake–Leeper, SIOR Direct: (260) 421-1916 Cell: (260) 437-8745 [email protected]

    4,560 SF

    2,720 SF

    384 SF

    Total 7,664 SF Office Space

    *not to scale

    FOR SALE > FOR LEASE 7,664 SF OFFICE

    1610 SPY RUN AVENUE FORT WAYNE, INDIANA

  • 1021 S. Calhoun Street | Suite One Fort Wayne, IN 46802 (260) 407-0900 | www.bndcommercial.com

    O. Karl Behrens, CCIM, SIOR Direct: (260) 407-7115 Cell: (260) 410-3627 [email protected]

    Carolyn Spake–Leeper, SIOR Direct: (260) 421-1916 Cell: (260) 437-8745 [email protected]

    FOR SALE > FOR LEASE 7,664 SF OFFICE

    1610 SPY RUN AVENUE FORT WAYNE, INDIANA

  • 1021 S. Calhoun Street | Suite One Fort Wayne, IN 46802 (260) 407-0900 | www.bndcommercial.com

    O. Karl Behrens, CCIM, SIOR Direct: (260) 407-7115 Cell: (260) 410-3627 [email protected]

    Carolyn Spake–Leeper, SIOR Direct: (260) 421-1916 Cell: (260) 437-8745 [email protected]

    FOR SALE > FOR LEASE 7,664 SF OFFICE

    1610 SPY RUN AVENUE FORT WAYNE, INDIANA

  • 1021 S. Calhoun Street | Suite One Fort Wayne, IN 46802 (260) 407-0900 | www.bndcommercial.com

    O. Karl Behrens, CCIM, SIOR Direct: (260) 407-7115 Cell: (260) 410-3627 [email protected]

    Carolyn Spake–Leeper, SIOR Direct: (260) 421-1916 Cell: (260) 437-8745 [email protected]

    FOR SALE > FOR LEASE 7,664 SF OFFICE

    1610 SPY RUN AVENUE FORT WAYNE, INDIANA

  • Property Highlights

    Parcel Number (s) 02-12-01-101-026.000-074 / 02-12-01-101-003.000-074

    Address 1610 Spy Run Avenue

    City / State / Zip Fort Wayne, IN 46805

    Sale / Lease For Sale

    Total Building Size 7,664 SF - Office / 780 SF - Storage

    Land Size 0.71+/- acres

    Zoning R3/ R2 (use variance currently in place)

    Number of Parcels Two

    Parking 30+/- asphalt striped parking spaces

    Nearest Highway U.S. 27

    Distance to Interstate 3 miles - I-69

    Distance to Airport 10 miles - Fort Wayne International

    Former Use YWCA Administrative Office

    1021 S. Calhoun Street | Suite One Fort Wayne, IN 46802 (260) 407-0900 | www.bndcommercial.com

    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.

    O. Karl Behrens, CCIM, SIOR Direct: (260) 407-7115 Cell: (260) 410-3627 [email protected]

    Carolyn Spake–Leeper, SIOR Direct: (260) 421-1916 Cell: (260) 437-8745 [email protected]

    Building Information

    Construction Type Pre-cast concrete exterior - Office; Wood frame - Storage Heating / Central Air System

    Construction Year 1962 - Office / 1993 - Storage ● Boiler for the main area installed Oct. 2011

    ● 10 Ton AC Unit - 12 yrs. ● Air Handler - 14 yrs. ● 3 Ton Heat/AC Unit - 15 yrs. ● 5 Ton Heat/AC Unit - 20 yrs. ● 7.5 Ton Heat/AC Unit - 14 yrs.

    Number of Floors One

    Roof Rubber / replaced 2008 - Office; Shingles - Storage

    Foundation Concrete

    Electric 3 Phase / 24 Volt

    Sprinkler System No

    Restrooms Four

    FOR SALE > FOR LEASE 7,664 SF OFFICE

    1610 SPY RUN AVENUE FORT WAYNE, INDIANA

  • 1021 S. Calhoun Street | Suite One Fort Wayne, IN 46802 (260) 407-0900 | www.bndcommercial.com

    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.

    O. Karl Behrens, CCIM, SIOR Direct: (260) 407-7115 Cell: (260) 410-3627 [email protected]

    Carolyn Spake–Leeper, SIOR Direct: (260) 421-1916 Cell: (260) 437-8745 [email protected]

    FOR SALE > FOR LEASE 7,664 SF OFFICE

    1610 SPY RUN AVENUE FORT WAYNE, INDIANA

    Lease Information

    Lease Rate RSF / Year $6.00/SF/Triple Net - entire bldg. $8.00/SF/Triple Net - portion of bldg.

    Lease Rate / Month Depends on size

    Term of Lease 3 to 5 years

    Type of Lease Triple Net

    Sale Information

    Sale Price $349,000 (previously $399,000)

    Terms Cash at closing

    Annual Taxes Exempt / Non-profit

    Tax Year / Pay Year 2016 / 2017

    Utilities

    Company $/SF Avg.

    Gas NIPSCO $0.36

    Electric AEP $0.86

    Water / Sewer City of Fort Wayne $0.13