TITLE:
Multi-Tenant Industrial Complex - For Sale
CONTROL:
Owner
VALUE:
$12,500,000
LOAN:
$6,177,939
EQUITY:
$6,322,061
TYPE:
Industrial
HAVE:
Multi-Tenant, industrial complex located in Ashland, OH. Built in 1973 and renovated in 2017, this 251,466 square-foot facility sits on 15 acres.
ADDRESS:
1840 S. Baney Road, Ashland, Ohio
BENEFITS TO NEW OWNER:
Cashflow, Financeability, Depreciation, Tenant Credit/ Stability, Simplicity of Ownership
Recent renewals, steady cashflow
Ashland, OH
GROSS SCHEDULED INCOME:
$1,420,548 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$1,420,548
EXPENSES:
$451,667
NOI:
$968,881
DEBT SERVICE:
$422,880
CASH FLOW:
$546,001
CAP RATE:
7.75%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$6,177,939
$35,240
4%
05/01/2032
No
BENEFITS SOUGHT:
Realize upside from recent lease renewals.
Create liquidity.
CAN ADD:
Property, Signature
REMARKS:
Additional acreage available for expansion.
COUNSELOR:
Cory Harkleroad
Signature Partners, LLC
300 W. Douglas, Suite 1031
Wichita, Kansas, 67202
