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Warehouse

Star Oak Industrial Building

1468 N Main St, Mansfield, OH 44903

Listing Price: $1,250,000

Cap Rate
4.44%
Gross SF
21,675
Price/Gross SF
$57.67
Lot Size
4.72 acres
Year Built
2007
Rentable SF
21,675

Investment Overview

Marcus & Millichap is pleased to present for sale, Star Oak Industrial Building in Mansfield, Ohio. The subject property is an attractive 21,675-square-foot multi-tenant industrial rental property built in 2007 on 4.73 acres. The property is occupied by two long-term tenants and has one new vacancy.

Investment Highlights

  • 21,675-Square-Foot Industrial Property Constructed in 2007 with an Expansion in 2008
  • Multi-Tenant Industrial Rental Property Configured for Three Tenant Suite | Two Long-Term Tenants Occupy the Property
  • Highly-Functional Building with Excellent Loading also Boasts I - 2 General Impact Industrial Zoning and 4.73 Acres
  • Attractive Business Presence with Excellent Visibility on SR 13 - North Main Street | Traffic Exceeds 5,409 Vehicles per Day (Source: ODOT)
  • Well-Maintained Building with Minimal Deferred Maintenance | Continuous Ownership Since Construction
  • Affordable Triple-Net Rents in a Low-Vacancy Rental Market | CoStar Reports 4.6 Percent Availability / 2.0 Percent Vacancy
  • Simple Triple-Net Management - Units are Separately Metered for Gas, Electricity, Water and Sewer
  • Easy Access to I-71 (Seven Miles), Mansfield Lahm Airport (1.6 Miles) and Mansfield Center (3.2 Miles)

Exclusively Listed By

Financing By

Warehouse

Star Oak Industrial Building

Listing Price: $1,250,000

Cap Rate
4.44%
Gross SF
21,675
Price/Gross SF
$57.67
Lot Size
4.72 acres
Year Built
2007
Rentable SF
21,675

Investment Highlights

  • 21,675-Square-Foot Industrial Property Constructed in 2007 with an Expansion in 2008
  • Multi-Tenant Industrial Rental Property Configured for Three Tenant Suite | Two Long-Term Tenants Occupy the Property
  • Highly-Functional Building with Excellent Loading also Boasts I - 2 General Impact Industrial Zoning and 4.73 Acres
  • Attractive Business Presence with Excellent Visibility on SR 13 - North Main Street | Traffic Exceeds 5,409 Vehicles per Day (Source: ODOT)
  • Well-Maintained Building with Minimal Deferred Maintenance | Continuous Ownership Since Construction
  • Affordable Triple-Net Rents in a Low-Vacancy Rental Market | CoStar Reports 4.6 Percent Availability / 2.0 Percent Vacancy
  • Simple Triple-Net Management - Units are Separately Metered for Gas, Electricity, Water and Sewer
  • Easy Access to I-71 (Seven Miles), Mansfield Lahm Airport (1.6 Miles) and Mansfield Center (3.2 Miles)

Investment Overview

Marcus & Millichap is pleased to present for sale, Star Oak Industrial Building in Mansfield, Ohio. The subject property is an attractive 21,675-square-foot multi-tenant industrial rental property built in 2007 on 4.73 acres. The property is occupied by two long-term tenants and has one new vacancy.

Exclusively Listed By

Financing By

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