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Marcus & Millichap Sells 43,084 Sq Ft Shopping Center In Fort Wayne For $4.2M
SOLD
$4,200,000
Indiana
See Similar DealsRetail43,084 SF
Sold 01/15/2026
SOLD
Marcus & Millichap Sells 43,084 Sq Ft Shopping Center In Fort Wayne For $4.2M
501 East Coliseum Boulevard
See Similar DealsRetail43,084 SF
Sold 01/15/2026
Summary
INDIANA
Asset Type:Retail
Price Per Square Foot:$97
Total Square Footage:43,084 SF
Transaction Type:Sale
A retail asset located at 501 East Coliseum Boulevard in Fort Wayne, LA has been sold for $4,200,000. The property encompasses a total area of 43,084 square feet, resulting in a price per square foot of $97.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,200,000
- Square Footage: 43,084
- Address: 501 East Coliseum Boulevard
- Market: Fort Wayne, LA
- Broker Representation: Zachary (Zach) Taylor & Eric Abbott - Marcus & Millichap
Zach Taylor and Eric Abbott represented the seller, who is a Florida partnership. The transaction involved a shopping center with tenants like CHRISTUS Health and is located near a Walmart.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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