Ashland Industrial Complex 1840 Baney Rd S

The DiSalvo | Bender | Nulf Group of Marcus & Millichap is pleased to present to market for sale the Ashland Industrial Complex – a 100 percent occupied, three-tenant industrial complex currently housing three long-standing tenants totaling 251,466 square feet on approximately ~21.79 acres. The anchor tenant, Hedstrom Plastics occupying over 157,000 square feet, recently signed a 5-year extension and is heavily invested in this location with this being their plastic injection operation. The other anchor tenant, Bendon Publishing – a publisher of interactive children’s books and activities doing over $5 billion annually – recently extended this headquarter location well as they have been in this market since their inception over 20 years ago.
Market: The city of Ashland is ideally situated between several major Metropolitan Statistical Areas (MSAs) including Cleveland, Columbus, and Akron, offering a unique advantage for businesses looking to service multiple regions. Ashland is part of the Mansfield MSA and is known for its strong industrial base, educational institutions, and cultural attractions. The surrounding area offers a rich mix of retail outlets, dining options, and recreational activities, making it a desirable location for both businesses and their employees. Within close proximity to the Ashland Industrial Complex is the Samaritan Hospital and Ashland University, both significant employers in the area. The city of Ashland is a key player in Ohio's manufacturing and logistics sectors, drawing in companies seeking strategic access to major highways and transportation networks.
WHY ASHLAND INDUSTRIAL COMPLEX?
With a strong tenant mix and excellent location, Ashland Industrial Complex represents a compelling investment opportunity for those seeking stable returns. The park has demonstrated consistent occupancy levels and benefits from its strategic positioning within a high-demand area. Featuring office and industrial uses, Ashland Industrial Complex is a sought-after destination for businesses in the region and offers solid investment stability and flexibility for years to come.
Stable Current Tenant Mix: The property is fully occupied by long-standing tenants, the largest of which have recently signed long-term NNN lease extensions. This includes the anchor tenant, Hedstrom Plastics, occupying over 157,000 square feet for their plastic injection operation, and Bendon Publishing, a leading publisher of interactive children’s books, which recently extended its headquarters lease. These mission-critical locations for both companies underscore the importance of the Ashland Industrial Complex to their operations.
Location: Ashland Industrial Complex is strategically located in Ashland, OH, within a short driving distance of Cleveland (66 miles), Columbus (79 miles), and Akron (50 miles). The property benefits from its proximity to major highways including I-71, US-250, and SR-42, providing easy access to major cities and transportation hubs. This strategic location allows businesses to efficiently reach customers and suppliers across the state and beyond. The city of Ashland also serves as a central point for the broader Northeast Ohio region, making it an ideal location for businesses looking to operate within multiple MSAs.
Property Features: Ashland Industrial Complex features beautifully built-out office space fully occupied as the HQ for Bendon Publishing, expansive warehousing and distribution space utilized by both Hedstrom Plastics and Pepperidge Farms, as well as manufacturing, production, and enclosed outdoor storage space utilized by Hedstrom Plastics.