This Industrial Property is Off-Market.

1515 Belden Ave SE
Canton, OH 44707 ·

6,350 SF · Industrial For Sale

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Pull-A-Part / Stein Ind Park

Price N/A No. Stories 1
Building Size 6,350 SF Tenancy Single
Property Type Industrial Year Built 2009
Property Sub-type Industrial-Business Park Clear Ceiling Height 12 ft.
Property Use Type Net Lease Investment with 10+ years left on lease No. Drive In / Grade-Level Doors 2
Commission Split 2.5% Lot Size 14.50 AC
Cap Rate 8.50% Features Fenced Yard
Occupancy 100%
Listing ID: 18018582 Date Created: 02/08/2013 Last Updated: 06/13/2013

Description

This is the perfect income property for a 1031 Exchange. Twenty (20) year triple net lease generating $252,750 per year!
That is an 8.5% cap rate.

Pull-A-Part is the anchor tenant in the Stein Industrial Park. Four (4) other businesses are located here. There are six (6) lots zoned heavy industrial with utilities available at $40,000 per acre.

Twenty (20) year, triple net lease thru 2029 at $21,062.50/month. Pull-A-Part is an Atlanta based firm in the used auto parts recycling business. Twenty-three locations including Akron and Cleveland, Ohio.

Tenant reimburses Landlord for Real Estate Taxes & Pays all Expenses.

Located in Canton, OH the Stein Industrial Park is a sixty (60) acre development , home to five (5) businesses including Hydrodec, Hi Tech Testing, Absolute Auto-Truck Technicians, I2R Cabling,
and Pull-A-Part.

The industrial park is a joint effort of the City of Canton and private developers. Six lots with utilities remain available at $40,000 per acre. Just 1 Mile East of I-77 off Rt. 30.

Utilities

  • Fenced Yard

Research

1515 Belden Ave SE, Canton, OH 44707 (Stark County)

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