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
₫31,786,684,000
Building area Gross
3,962 m²
Occupancy
100.00%
Year built
1960
Cap Rate
7.25%
NOI
₫2,304,594,000

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. Email us today to see how we can help achieve your ambitions.
Last updated
29 Mar 2023