Cap Rate
6.68%
Gross SQFT
35,264
Year Built
1962 / 2019
Property Type
Industrial
INVESTMENT HIGHLIGHTS
3122 Engle Road consists of a two-building manufacturing and warehouse complex, fully leased to Bishop Lifting Products, Inc. The property encompasses approximately ±35,264 square feet situated on a ±1.93-acre parcel within the Southwest Fort Wayne industrial submarket. The asset is secured by a recently executed 10-year lease which commenced in December 2022 and includes two additional five-year renewal options, providing long-term stability and income predictability
- Two buildings totaling ±35,264 SF on ±1.93 AC lot.
- Two, 5-ton cranes and one, 10-ton crane.
- 100% leased to Bishop Lifting Products, Inc.
Broker of Record
- Kyle Matthews
- License No. RC52200195 (IN)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203