189 Container Pl - Manufacturing FOR SALE


Springdale, OH 45246
$5,365,000 USD
189 Container Pl, Springdale, OH for Sale
$5,365,000 USD
Manufacturing - FOR SALE
1/6
null | 6.75% Cap Rate

189 Container Pl
Springdale, OH 45246


HIGHLIGHTS

  • The property is absolute net leased with 10 years of term remaining, providing a stable and long-term income stream for the buyer.
  • The current rent of $5.04 PSF is 25% below market for comparable space in the Northwest submarket.
  • The facility has heavy power and 11-cranes to support the tenant’s manufacturing business within an ideal location near its major customers.
  • The Northwest submarket has the lowest vacancy rate of Cincinnati's four major submarkets at 4.4% and boasts the highest average asking rate.

OVERVIEW

Single Tenant Absolute Net Lease Industrial Offering

FOR SALE DETAILS

PRICE

$5,365,000 USD

PRICE/SF

$76 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

3

DRIVE INS

1

PARKING SPACES

57

LAND DETAILS

LAND ACRES

5.01

LAND SF

218,236

ZONING

GI - General Industrial

APN/PARCEL ID

599-0030-0337

ASK ABOUT THIS PROPERTY

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