SRS Distribution (Home Depot) 111 Front St
33,553 SF Industrial Building Dayton, OH 45402 $2,088,000 ($62/SF) 7% Cap Rate
Investment Highlights
- Strong Corporate Guarantee / Investment Grade Parent Company – SRS Distribution is the fastest growing distributor of building products the US.
- Recently Executed Lease Extension / Annual Rent Increases – SRS Distribution recently exercised another five (5) year renewal at this location.
- (commencing in November ’24) & is structured with 2.5% annual rent increases.
- Functional Industrial Facility / Brand New Roof – This functional?± 33,553 sq. ft.?facility sits on 2.70 acres of land (28.53% Coverage).
- Strategic Midwest Industrial Market – Dayton is centrally located in the Midwest & is a strategic location for industrial operations.
Executive Summary
Broker of Record
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
Property Facts
Price | $2,088,000 |
Price Per SF | $62 |
Sale Type | Investment |
Cap Rate | 7% |
Property Type | Industrial |
Property Subtype | Warehouse |
Building Class | C |
Lot Size | 2.70 AC |
Rentable Building Area | 33,553 SF |
No. Stories | 1 |
Year Built/Renovated | 1900/1999 |
Tenancy | Single |
Parking Ratio | 0.61/1,000 SF |
Clear Ceiling Height | 20’ |
No. Dock-High Doors/Loading | 3 |
No. Drive In / Grade-Level Doors | 7 |
Opportunity Zone |
Yes |
Amenities
- 24 Hour Access
- Fenced Lot
- Floor Drains
- Yard
- Storage Space
- Air Conditioning
Utilities
- Lighting
- Gas
- Water - City
- Sewer - City
- Heating
PROPERTY TAXES
Parcel Number | R72-00810-0001 | Improvements Assessment | $132,170 |
Land Assessment | $14,090 | Total Assessment | $146,260 |
zoning
Zoning Code | I-2 |