Industrial & Logistics

Linde Gas & Equipment - Ft. Wayne, IN

1725 Edsall Ave, Fort Wayne, IN, 46803-2725, US

Linde Gas & Equipment - Ft. Wayne, IN_Property for Sale


Linde Gas & Equipment - Ft. Wayne, IN 2_Property for Sale

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.


Senior Managing Director



Asking Price
Building area gross
42,650 sf
Year built
Cap Rate

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

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Last updated
Mar 29, 2023