FedEx Ground Package System, Inc.
10905 Gateway Boulevard - New Haven (Fort Wayne) Indiana 46774
LTV (Loan to Value) | 65.00% | Current NOI | $1,028,548.00 |
Interest Rate | 4.250% | Capital Rate | 6.250% |
Fixed Term | 10 Years | Land Area | 39.80 Acres |
Amortization | 25 Years | Lease Type | NN |
Loan Amount | $10,696,899.20 | Property Type | Industrial |
Payment | $57,949.18 | Property Lease | Warehouse |
Bulding Size | 177,956 SF | Remaining Terms | 8.8 Years |
Location Description
NNN Lenders is pleased to offer for sale to qualified investors, the opportunity to purchase a 100% fee-simple interest in the FedEx Ground Package System, Inc.-leased property located at 10905 Gateway Boulevard in New Haven (Fort Wayne), Indiana (the “Property”). The Property boasts an excellent logistics location as it is situated at the intersection of State Highway 30 and Interstate 469 in the western portion of the Fort Wayne Metropolitan Area. This location provides immediate access to most of the Midwest’s intermodal facilities connecting this location to Northern Indiana, Southern Michigan and Eastern Ohio.
Highlights
Ten Year Term – Ten (10) Year Initial Base Lease Term Commenced in June 2014Highly Passive Lease – Highly Passive…
Property Description
New Haven is a city in Adams, Jefferson, and St. Joseph townships, Allen County, Indiana. It is adjacent to the city of Fort Wayne, the second largest city in Indiana, and is situated mostly along the southern banks of the Maumee River. The population was 14,794 at the 2010 census. New Haven is surrounded by an abundance of fertile soil, making agriculture the largest visible economic asset. Corporate headquarters of Do It Best hardware stores is located in New Haven, along with Central States Grain, a large soybean and grain processor, has its operational headquarters in New Haven. O'Neal Steel, the nation's sixth largest steel center, operates a New Haven branch. Other major employers include East Allen County Schools, Norfolk Southern, and BFGoodrich (located in nearby Woodburn, Indiana).