Historical Industrial Sale Listing - Things Remembered Distribution Center

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Things Remembered Distribution Center

500 South Bailey Road, North Jackson, OH 44451

N/A

209,835 SF | Industrial

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Industrial Property - Off Market

Price:
N/A
Building Size:
209,835 SF
Property Type:
Industrial
Property Sub-type:
Distribution Warehouse
Property Use Type:
Net Lease Investment with
7 years left on lease
Cap Rate:
9.57%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
1997
Clear Ceiling Height:
35 ft.
Dock-High Doors/Loading:
19
Drive In/Grade-Level Doors:
1
Lot Size:
31.60 AC
Listing ID
16352843
Last Updated
over 1 year ago

Highlights

  • Build To Suit Completed in 1997
  • Long Term Tenant with Lease extended Until 2016
  • State of the Art Distribution Facility
  • Mission Critical and the ONLY Distribution Center for the Tenant
  • Unparalleled Location with Access to N-S Route 80 and E-W Route 76
  • First Retail Distribution Center to be Certified ISO 9001:2000

Description

The Subject Property provides an Investor with a mission critical and sole distribution center for Things Remembered, a national retail company with over 600 locations. The tenant has been in the build-to-suit for over 11 years and has 7 1/2 years remaining on their lease having already extended the lease for 3 years prior to the end of the original term.

The Subject's Location at the crossroads of the Northeast and Central US makes this a perfect distribution location, particularly with its easy access to the N-S Route 80 and the E-W Route 76 within minutes of its location.

This state of the art distribution facility is of the utmost modern construction with tilt up concrete walls, 30' - 35' ceiling heights and 55' X 55' column spacing. Its 19 dock doors and 1 drive-in provide a multiple use opportunity as well as the continuing single tenant occupancy

The Subject's Location at the crossroads of the Northeast and Central US makes this a perfect distribution location, particularly with its easy access to the N-S Route 80 and the E-W Route 76 within minutes of its location.

Map of 500 South Bailey Road, North Jackson, OH 44451 (Mahoning County)

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