1100 Main St
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1100 Main St
84,672 SF Industrial Building Cuyahoga Falls, OH 44221 $7,500,000 ($89/SF) 7.04% Cap Rate
Investment Highlights
- Positioned in close proximity to State Route 8, I-80 (Ohio Turnpike) and the I-77/I-76 interchange
- Akron submarket has attracted a variety of industrial users, including Goodyear Tires, Pepsi, GE, GM, and more
- Ideally located for easy access north, south, east, and west for vendors and distribution of their products
Executive Summary
Jones Lang LaSalle (“JLL”), as an exclusive advisor to the Owner, is pleased to offer for sale the fee-simple interest in 1100 Main Street, a multi-building portfolio consisting of four buildings totaling 84,672 square feet (the “Offering” or the “Property”). The Opportunity consists of an absolute triple net (NNN) lease to Prospect Group (“Tenant”) with 12 years remaining on the lease term.
The Offering is a highly functional manufacturing asset that has been leased to Tenant since 1997, and the current lease goes through October 31, 2036. The Property consists of 11 overhead cranes and multiple jib cranes throughout both buildings which are critical to Tenant’s long standing operation.
The Offering is a highly functional manufacturing asset that has been leased to Tenant since 1997, and the current lease goes through October 31, 2036. The Property consists of 11 overhead cranes and multiple jib cranes throughout both buildings which are critical to Tenant’s long standing operation.
Property Facts
| Price | $7,500,000 | Lot Size | 5.73 AC |
| Price Per SF | $89 | Rentable Building Area | 84,672 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 7.04% | Year Built | 1969 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 0.89/1,000 SF |
| Building Class | B | No. Drive In / Grade-Level Doors | 6 |
| Price | $7,500,000 |
| Price Per SF | $89 |
| Sale Type | Investment NNN |
| Cap Rate | 7.04% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 5.73 AC |
| Rentable Building Area | 84,672 SF |
| No. Stories | 1 |
| Year Built | 1969 |
| Tenancy | Single |
| Parking Ratio | 0.89/1,000 SF |
| No. Drive In / Grade-Level Doors | 6 |
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PROPERTY TAXES
| Parcel Number | 02-19521 | Improvements Assessment | $597,937 |
| Land Assessment | $146,097 | Total Assessment | $744,034 |
PROPERTY TAXES
Parcel Number
02-19521
Land Assessment
$146,097
Improvements Assessment
$597,937
Total Assessment
$744,034
-
Kristy Hull -
JLL
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1100 Main St
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