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INDUSTRIAL INVESTMENT PROPERTY - ABSOLUTE NET LEASE

Listing was updated on: 09/03/2019
INDUSTRIAL INVESTMENT PROPERTY - ABSOLUTE NET LEASE INDUSTRIAL INVESTMENT PROPERTY - ABSOLUTE NET LEASE INDUSTRIAL INVESTMENT PROPERTY - ABSOLUTE NET LEASE

Property Overview

Price/Rent PSF $ 10,300,000.00
Asset Type Industrial
Trade Type Sale
SQ. FT. Available 335,484
Date Available 09/03/2019
Additional URL Link
Parking 150
Floors 1
Additional parameters Show
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Description

Location
Located on East Broadway, just south of Wales Road and North of Walbridge Road/Union Street. Site is 2.13 miles to I-75 and 2.42 miles to I-280.

Sale
ABSOLUTE NET LEASE! NO LANDLORD RESPONSIBILITIES! Excellent investment opportunity with a national tenant, Material Science Corporation, which is the largest producer of coil coatings, laminates and composites, and specialty films in the country. Two years remaining on the second to last 3-year renewal option. Options renew automatically. Annual rent increases based on CPI. The tenant has occupied this state of the art facility for 40 years. Relocation or duplication is unlikely due to the economics of moving/new construction. Renewal highly anticipated in 5 years. Site is easily accessible to 3 major expressways - I-75, I-280, and I-80/90 (Ohio Turnpike)

Location

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