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$ 3,300,000
Est. payment /mo
Active
7528 S Anthony Boulevard Fort Wayne, IN 46816
0.46 Acres Lot
UPDATED:
11/25/2024 07:31 PM
Key Details
Property Type Commercial
Sub Type Health Center
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202421905
Year Built 1968
Annual Tax Amount $8,946
Tax Year 2024
Lot Size 0.460 Acres
Property Sub-Type Health Center
Property 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.
Location
State IN
County Allen County
Area Allen County
Direction US 27 South to Tillman Road and turn East or S. Anthony Boulevard south to Tillman Road and turn West
Interior
Flooring Mixed
Appliance Building, Land, Lease
Laundry , 200
Exterior
Roof Type Rubber
Total Parking Spaces 200
Building
Story 1
New Construction No
Others
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202421905
IDX information provided by the Indiana Regional MLS
Listed by Ed McCutcheon • CENTURY 21 Bradley Realty, Inc • Cell: 260-760-4655