Lincoln National Life Corporate Headquarter
566,867 SF | Office Building | Fort Wayne, IN 46802 | $27,946,071 ($49/SF) | 7% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $27,946,071
- Property Type
-
Office
- Square Feet
- 566,867 SF
- Price / Square Foot
- $49
Listing Contacts
Whitney Peterson
Verified Profile
- Property Info
Property Overview
NNN Leased Lincoln National Life corporate headquarters in downtown Fort Wayne, IN. The property is 97% leased with Lincoln Financial being the only tenant. Lincoln has occupied the original portion of the Harrison building since 1924. To accommodate their continued growth, the original building was expanded on two occasions along with an additional office building, a service center and a structured parking garage. The sale will include the Harrison building (535,743 SF), the Service building (41,820 SF) and the structured parking garage. The property is leased through December 31, 2029 with 2% annual increases in rent (the next rent increase on 1/1/2025). Lincoln also has one (1) ten (10) year option to renew.
Property Details
- Class
- B
- Year Built/Renovated
- 1925/2020
- Stories
- 9
- Lot Size (sq. ft)
- 215,186 SF
Highlights
- Mostly NNN-Absolute
- Fully Guaranty by Lincoln National Life
- Credit Rated S&P 500 Tenant
- 5 Plus Years Remaining on Term with Extensions Available
- Landmark Building, $19M+ Invested in Renovations by Tenant (2018-2020)
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