1515 Belden Ave SE
Canton, OH 44707 ·
6,350 SF · Industrial For Sale
Pull-A-Part / Stein Ind Park
|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|
|Listing ID: 18018582||Date Created: 02/08/2013||Last Updated: 06/13/2013|
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,
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.
- Fenced Yard
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