Historical Industrial Sale Listing - Pull-A-Part / Stein Ind Park

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Pull-A-Part / Stein Ind Park

1515 Belden Ave SE, Canton, OH 44707

N/A

6,350 SF | Industrial

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Industrial Property - Off Market

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

Utilities

  • Fenced Yard

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.

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

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