Industrial & Logistics

2909 Pleasant Center – Fort Wayne, IN

2909 Pleasant Center Rd Fort Wayne, Indiana United States 46809
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1994
Building Area

Property Description

Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”), as exclusive advisor to the Seller, has been exclusively retained to market for sale the fee-simple interest in 2909 Pleasant Center Road, Fort Wayne, Indiana, a single asset that features a 30’ clear height and totals 764,177 square feet. The offering represents the opportunity to acquire a fully occupied, high-quality, Class A industrial facility in one of the leading manufacturing markets in the Midwest on a severely below market rent.

The tenant, Lippert Components, is the nation's leading supplier of parts & components to the recreational vehicle industry. Lippert was named to Fortune 100's list of Fastest Growing companies in 2019 and ranked #10 Best US Manufacturer in 2019 by IndustryWeek.

Investment Highlights

  • High quality, functional asset with stable cash flow
  • Significant below market rents
  • Major corporate and institutional tenancy nearby
  • Proximity to Fort Wayne transportation network
  • Long term landlord-friendly lease with contractual annual rent growth
Last Updated Date: 12 Aug 2020
John Huguenard, SIOR, CCIM
John Huguenard, SIOR, CCIM
Senior Managing Director, Industrial Platform Leader
Sean Devaney
Sean P. Devaney
Managing Director, Capital Markets

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Last Updated Date: 12 Aug 2020

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