Linde Gas & Equipment - Ft. Wayne, IN_Property for Sale
Linde Gas & Equipment - Ft. Wayne, IN_Property for Sale
1725 Edsall Ave, Fort Wayne, IN, 46803-2725, US

Linde Gas & Equipment - Ft. Wayne, IN

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in the Linde Gas & Equipment (“Linde”) facility in Fort Wayne, Indiana. Linde plc is the largest welding, industrial, medical and specialty gas providers globally and carries an outstanding “A” credit rating from S&P. The Subject Property is 100% leased to Linde Gas & Equipment and the tenant recently signed a new 5-year extension at below market rates. This net-lease, industrial investment offers 3% annual increases and minimal landlord responsibility, within one of the top Midwest industrial markets.



STEVE SCHWEGMAN

Senior Managing Director

IN-RB14042704

Steve.Schwegman@am.jll.com

...

Attributes

Asking Price
$1,353,000
Building area Gross
42,650 sf
Occupancy
100.00%
Year built
1960
Cap Rate
7.25%
NOI
$99,000

Media

Investment highlights

  • Resilient tenancy with long-term in-place supply agreements
  • Linde - outstanding S&P "A" credit rating
  • Linde - 2022 net income of $4.15B, up 12.4% Y-O-Y
  • Recent extension resulting in 5 years of lease term remaining
  • Low in-place rent of $2.30 PSF with high renewal probability
  • Attractive option rent at FMV
  • Attractive 3% annual increases over the next 5 years
  • Minimal landlord responsibilities
Linde Gas & Equipment - Ft. Wayne, IN 4_Property for Sale
Linde Gas & Equipment - Ft. Wayne, IN 4_Property for Sale

Contact brokers

Linde Gas & Equipment - Ft. Wayne, IN (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Mar 29, 2023