7568-7584 Whipple Ave NW - Warehouse FOR SALE


Canton, OH 44720
$3,255,000 USD
408-888-9082
7568-7584 Whipple Ave NW, Canton, OH for Sale
$3,255,000 USD
Warehouse - FOR SALE
1/25
null | 8% Cap Rate

7568-7584 Whipple Ave NW
Canton, OH 44720


OVERVIEW

Building falls in the City of North Canton and Jackson township, which is one of the most desired neighborhoods and locations, and has no city income tax and presents a good advantage for occupants. Buyer to independently verify the tax status. 3 units, multiunit tenancy, safe investment. 31800sqft (28000 sqft main space and 3800 sqft mezzanine office space) occupied by Suarez Corp. 12000 sqft is occupied by tenant Microplex. Warehouse has 20ft ceilings and 20% is office space. All HVAC systems were recently upgraded. In 2019, a new roof was installed for a section covering 28,000 square feet. The Gross Rent is $367,821/year or almost 30,700/month making it a GRM of only 8.8. $NNN rent /NOI is $260,523/year leading to a cap rate of 8.0% at asking price. HIGH SECURITY DEPOSIT OF $115,826 ON FILE CEDED TO BUYER ON PURCHASE. LOW RISK INVESTMENT.

FOR SALE DETAILS

PRICE

$3,255,000 USD

PRICE/SF

$56 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

UTILITIES

Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

18 Ft

DOCKS

12

DRIVE INS

1

PARKING SPACES

80

LAND DETAILS

LAND ACRES

3.66

LAND SF

159,430

ZONING

LtInd

APN/PARCEL ID

01609187

ASK ABOUT THIS PROPERTY

Sandeep GuptaSandeep GuptaMore Info
408-888-9082

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Sandeep GuptaSandeep GuptaMore Info
408-888-9082

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