4676 Erie Ave SW - Distribution FOR SALE


Navarre, OH 44662
$43,100,000 USD
216-218-0259
4676 Erie Ave SW, Navarre, OH for Sale
$43,100,000 USD
Distribution - FOR SALE
1/30
null | 7.25% Cap Rate

4676 Erie Ave SW
Navarre, OH 44662


HIGHLIGHTS

  • 100% Leased to Long-Term Tenants | Triple Net Leases
  • 402,500 SF Additional Expansion Possibilities
  • Rail Car Access (With Modification)
  • Building offers 3-phase, 208-480V heavy power.
  • Close proximity to Route 30, 62, and 21 as well as I-77.
  • Contact Terry Coyne for Confidential Offering Memorandum

OVERVIEW

Newmark, as exclusive broker, is pleased to present 4676 Erie Avenue, a 633,415 SF, multi-tenant, industrial facility in Massillon, Ohio. The Property is 100% leased to two established companies with a presence across the U.S., providing immediate in-place income and operational stability for investors seeking durable cash flow. This Property has undergone extensive improvements, including repairing all columns and warehouse concrete floors, remodeling offices, and upgraded sprinkler systems for dense storage. Situated on a spacious 55-acre site, there is ample room for car and trailer parking, truck maneuvering, and expansion. Building specifications included a 35-foot clear height, an 8-inch warehouse floor, and 84 dock doors maintained with dock levelers and dock locks in place. Expect upgraded LED lighting, racking installed with in-rack sprinklers, heavy power, and a server room with FM200 waterless fire suppression. The first and second-floor offices have been remodeled with new carpet, paint, and window treatments. Potential rail access is available with modifications. Investors will benefit from the property’s exceptional upgrades and superior accessibility.

FOR SALE DETAILS

PRICE

$43,100,000 USD

PRICE/SF

$68 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

UTILITIES

Lighting - Metal Halide

CLEAR CEILING HT

35 Ft

DOCKS

84

DRIVE INS

-

PARKING SPACES

244

LAND DETAILS

LAND ACRES

55.48

LAND SF

2,416,709

ZONING

I-1

APN/PARCEL ID

00900009

ASK ABOUT THIS PROPERTY

Terry CoyneNewmarkMore Info
216-218-0259

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Terry CoyneNewmarkMore Info
216-218-0259

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.