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Warehouse

Beavercreek Industrial

2152-2162 Heller Dr, Beavercreek, OH 45434

Listing Price: $7,600,000

Cap Rate
6.56%
Gross SF
95,840
Price/Gross SF
$79.30
Lot Size
7.64 acres
Year Built
1979
Rentable SF
95,840

Investment Overview

Marcus & Millichap is pleased to present to market the Beavercreek Industrial Building of Beavercreek, Ohio, within the Dayton MSA. The Dayton, Ohio Metropolitan Statistical Area is in the top 75 in the United States and the 12 largest in the Midwest by population, registering nearly 814,049 Residents in the 2020 Census, up over 12 percent from 2010. The most prominent economic sectors from an employment perspective in the submarket are the Industrial, Transportation & Trade, Educational & Health Services, and Professional Business Services. The Beavercreek Industrial Building is 95,840 square-foot, multi-tenant industrial warehousing and distribution facility strategically located with excellent ingress/egress to US-Route 35, which provides daily traffic counts in excess of 41,000 vehicles per day. The three-tenant facility operates at 100 percent occupancy and zero tenant rollover in the last 13 years. Five Star Food Service is longest standing tenant in the Beavercreek Industrial Building, having held occupancy since 2000 and recently executed a renewal, the Ba3 Moody’s Credit Rated Tenant occupies 18.32 percent of the Net Leasable Area. Unison Industries, a wholly owned subsidiary of General Electric (GE) whom holds a Standard & Poor’s BBB Credit Rating, anchors the Subject Property in 65.15 percent of the Net Leasable Area and has maintained occupancy since 2001 on a triple-net lease. In the remaining 16.53 percent of the NLA, is Sonoco Products, whom hold a Standard & Poor’s BBB Credit Rating and has maintained occupancy in the Subject Property since 2009. The Beavercreek Industrial Building is offered to Market with an asking price of $7.6 million, which reflects a 6.50 percent CAP rate on the Property’s actual financials and assignment of the Unison owed Tenant Improvement Allowance estimated around $408,298 at the time of Close of Escrow. The well-located Subject Property offers investors excellent passive returns paired with minimal landlord responsibilities, excellent real estate fundamentals in a stabilized Midwest Markets, and a well-credited Tenant base with unprecedented long-standing occupancy.

Investment Highlights

  • 100 Percent Occupied 95,840 Square-Foot, Three-Tenant Industrial Building | Dayton MSA | 814,049 Residents
  • Well-Situated in Beavercreek, Ohio along U.S. Route 35 | 41,000 Vehicle per Day
  • Diversified, Accredited Tenant-Mix | Attractive Lease Rollover |Minimal Landlord Responsibilities
  • Three Long Standing Tenant Occupancy | All Tenants In-Place since 2009
  • Unison Industries Anchored since 2001 | Triple-Net Lease in 65 Percent of Net Leasable Area

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Warehouse

Beavercreek Industrial

Listing Price: $7,600,000

Cap Rate
6.56%
Gross SF
95,840
Price/Gross SF
$79.30
Lot Size
7.64 acres
Year Built
1979
Rentable SF
95,840

Investment Highlights

  • 100 Percent Occupied 95,840 Square-Foot, Three-Tenant Industrial Building | Dayton MSA | 814,049 Residents
  • Well-Situated in Beavercreek, Ohio along U.S. Route 35 | 41,000 Vehicle per Day
  • Diversified, Accredited Tenant-Mix | Attractive Lease Rollover |Minimal Landlord Responsibilities
  • Three Long Standing Tenant Occupancy | All Tenants In-Place since 2009
  • Unison Industries Anchored since 2001 | Triple-Net Lease in 65 Percent of Net Leasable Area

Investment Overview

Marcus & Millichap is pleased to present to market the Beavercreek Industrial Building of Beavercreek, Ohio, within the Dayton MSA. The Dayton, Ohio Metropolitan Statistical Area is in the top 75 in the United States and the 12 largest in the Midwest by population, registering nearly 814,049 Residents in the 2020 Census, up over 12 percent from 2010. The most prominent economic sectors from an employment perspective in the submarket are the Industrial, Transportation & Trade, Educational & Health Services, and Professional Business Services. The Beavercreek Industrial Building is 95,840 square-foot, multi-tenant industrial warehousing and distribution facility strategically located with excellent ingress/egress to US-Route 35, which provides daily traffic counts in excess of 41,000 vehicles per day. The three-tenant facility operates at 100 percent occupancy and zero tenant rollover in the last 13 years. Five Star Food Service is longest standing tenant in the Beavercreek Industrial Building, having held occupancy since 2000 and recently executed a renewal, the Ba3 Moody’s Credit Rated Tenant occupies 18.32 percent of the Net Leasable Area. Unison Industries, a wholly owned subsidiary of General Electric (GE) whom holds a Standard & Poor’s BBB Credit Rating, anchors the Subject Property in 65.15 percent of the Net Leasable Area and has maintained occupancy since 2001 on a triple-net lease. In the remaining 16.53 percent of the NLA, is Sonoco Products, whom hold a Standard & Poor’s BBB Credit Rating and has maintained occupancy in the Subject Property since 2009. The Beavercreek Industrial Building is offered to Market with an asking price of $7.6 million, which reflects a 6.50 percent CAP rate on the Property’s actual financials and assignment of the Unison owed Tenant Improvement Allowance estimated around $408,298 at the time of Close of Escrow. The well-located Subject Property offers investors excellent passive returns paired with minimal landlord responsibilities, excellent real estate fundamentals in a stabilized Midwest Markets, and a well-credited Tenant base with unprecedented long-standing occupancy.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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