Jones Lang LaSalle Americas, Inc. is pleased to exclusively offer for sale the fee simple interest in a Praxair Distribution facility (the “Property” or “Asset”) located in Fort Wayne, Indiana. The Property is leased to Praxair Distribution, INC (the “Tenant” or “Tenants”), one of the largest welding, industrial, medical and specialty gas companies in the United States. Praxair is operating on a double-net lease with approximately two years of lease term remaining and minimal landlord responsibility of roof and structure. This high yielding industrial investment opportunity offers a passive income structure paired with a below market rent in the dynamic Fort Wayne MSA.
- Singe-tenant Praxair Distribution facility
- Industry leading specialty gas provider
- Below market rent
- Subsidiary of Linde - the largest industrial gas company in the world
- High yielding industrial investment opportunity
- Minimal landlord responsibility