7528 S Anthony Boulevard Fort Wayne, Indiana
Listed By CENTURY 21 Bradley Realty, Inc.
The Commercial Property for Sale located at Fort Wayne, Indiana is currently for sale. Fort Wayne, Indiana is listed for $3,300,000. If the property located at Fort Wayne, Indiana isn't what you're looking for, visit https://www.century21global.com to see other Commercial Properties for Sale in Fort Wayne .
Date Updated : Jan 9, 2025
MLS#: 202421905
$3,300,000 USD
- Minimum sellable space1,862m² (20,038ft²)
Property features
Construction details
- Year built: 1968
Area
- Property size: 1,862m² (20,038ft²)
- Land/Lot size: 1,862m² (0.46ac)
Description
BUILDING ONLY FOR SALE, 6.30% CAP RATE/ Triple-net lease with the owner of 59 Planet Fitness Center in the U.S./ Present lease is $17,334. per month Triple-Net and renews in October 2029 and every 5 years after with a 5% increase, present annual lease is $208,010. Triple-Net for a cap rate of 6.30% I have checked with a couple CPA's and since the Assessed Value of the Building is 98.7% of the Total Assessed Value. 98.7% of the total Purchase Price could be the basis for calculating Depreciation. Check with your own CPA. Depending on the Buyer's tax bracket, it could be quite an annual income tax savings.