1301 S Harrison St - Office FOR SALE


Fort Wayne, IN 46802
$27,946,071 USD
260-423-0300
1301 S Harrison St, Fort Wayne, IN for Sale
$27,946,071 USD
Office - FOR SALE
1/2
null | 7% Cap Rate

1301 S Harrison St
Fort Wayne, IN 46802


HIGHLIGHTS

  • Mostly NNN-Absolute
  • Fully Guaranty by Lincoln National Life
  • Credit Rated S&P 500 Tenant
  • 5 Plus Years Remaining on Term with Extensions Available
  • Landmark Building, $19M+ Invested in Renovations by Tenant (2018-2020)

OVERVIEW

NNN Leased Lincoln National Life corporate headquarters in downtown Fort Wayne, IN. The property is 97% leased with Lincoln Financial being the only tenant. Lincoln has occupied the original portion of the Harrison building since 1924. To accommodate their continued growth, the original building was expanded on two occasions along with an additional office building, a service center and a structured parking garage. The sale will include the Harrison building (535,743 SF), the Service building (41,820 SF) and the structured parking garage. The property is leased through December 31, 2029 with 2% annual increases in rent (the next rent increase on 1/1/2025). Lincoln also has one (1) ten (10) year option to renew.

FOR SALE DETAILS

PRICE

$27,946,071 USD

PRICE/SF

$49 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lincoln National Life Corporate Headquarter

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

9

BUILDING CLASS

B

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

378

LAND DETAILS

LAND ACRES

4.94 AC

LAND SF

215,186 SF

ZONING

DC

APN/PARCEL ID

02-12-11-207-002.000-074

ASK ABOUT THIS PROPERTY

Whitney PetersonAVI CommercialMore Info
260-423-0300

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Whitney PetersonAVI CommercialMore Info
260-423-0300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.