Nearly Stabilized, REIT Managed Self-Storage Opportunity- Fort Wayne, IN
1130 W Main St, Fort Wayne, IN 46808

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Price
Market Bid
NRSF
40,560
Nearly Stabilized
Fort Wayne, IN
Generous Tax Incentives: Benefits from Fort Wayne’s SEED tax program offering tax deductions for up to 10 years
Growing Community: Thriving population of 83,775 within a 3 miles radius
Strategic Location: Conveniently located less than a mile from US Route 27, a major transportation artery
Robust Economy: Diverse economic landscape powered by manufacturing, healthcare, and logistics

Cushman & Wakefield’s Self Storage Advisory Group has been exclusively retained to offer for sale the Public Self Storage Property in Fort Wayne, IN.

Take advantage of the opportunity to secure a nearly stabilized self-storage business in the path of progress in Fort Wayne, IN. This 2-story climate-controlled building was developed in 2021 with 32,810 NRSF. Current ownership expanded the property in 2023 with the addition of 7,750 NRSF of Janus MASS units. At this location, you will find keypad access, 42 security cameras, moving supplies, free parking, friendly staff, and well-lit areas for unloading.

This property offers 250 feet of frontage on west main just west of downtown Fort Wayne. It is less than one mile from US Route 27, offering unparalleled access to key transportation routes, fostering economic growth, enhancing connectivity to major cities, and providing convenient access to scenic destinations and essential services. As of July 2024, the 40,560 NRSF was 90% occupied, allowing new ownership an opportunity to focus on increasing existing customer rents. Additionally, there is a healthy population of 83,775 within a 3-mile radius of the facility. Since this location is engaged with Fort Wayne’s SEED tax program, property tax deductions can be claimed for up to 10 years.

Fort Wayne, Indiana, is a vibrant city with a robust and diverse economy, driven by key industries such as manufacturing, healthcare, logistics, financial services, and education. The city’s manufacturing sector remains strong, producing vehicles, medical devices, and advanced materials, while the healthcare industry, led by major facilities like Parkview Health and Lutheran Health Network, provides numerous job opportunities.

Fort Wayne’s strategic location supports a thriving logistics and e-commerce industry, and its financial services sector, including specialty insurance, adds
to the economic landscape. People are drawn to Fort Wayne for its low cost of living, affordable housing market, and friendly community. The city offers short commutes, a vibrant arts and culture scene, and a family-friendly environment with excellent schools and recreational facilities. These factors contribute to Fort Wayne’s ongoing growth and development, making it an attractive place to live and work.

Investing in this self-storage business in Fort Wayne, IN, offers a prime opportunity in a thriving city. Fort Wayne has maintained positive population growth and is the second-largest city in the state of Indiana. The city of Fort Wayne has allocated nearly $48 million for infrastructure improvements in 2024. Fort Wayne is the 2nd fastest-growing metro in the Great Lakes and seeks to attract $1 billion in private investment to the riverfront in downtown Fort Wayne by the end of 2031.

Fort Wayne, IN

  • Sign CA to View Offering Memorandum

  • Confidentiality and Buyer Registration Agreement

    Cushman & Wakefield U.S., Inc. ("Broker") has been retained as the exclusive advisor and broker regarding the sale of the property known as the Fort Wayne, IN Self-Storage opportunity.

    To receive an Offering Memorandum ("Offering Memorandum") please read, sign and return this completed Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective Buyers.

    By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney's fees, collectively "Claims") arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

    By accepting the Offering Memorandum, you acknowledge that you are a principal and not an agent of or acting on behalf of any other party in connection with the acquisition. Buyer acknowledges that it is aware that any Agent/Broker other than Cushman & Wakefield, must be compensated by Buyer as Cushman & Wakefield is not cooperating on fees. Furthermore, Buyer acknowledges that it has not had any discussion regarding this Property's Sale with any other broker or agent other than Broker or an agent/broker properly identified through this registration process, including but not limited to, resolutions of incomplete, conflicting or duplicate registrations. Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney's fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker's fees or finder's fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

    The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller's obligation thereunder have been satisfied or waived.

    The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

    No employee of seller or at the subject property is to be contacted without the written approval of the listing agents and doing so would be a violation of this confidentiality agreement.



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