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1101 Commerce Pky 45,245 SF Industrial Building Findlay, OH 45840 $4,808,000 ($106.27/SF) 7.50% Cap Rate
Investment Highlights
- Heavy Power Infrastructure
- Direct access to Interstate 75, connecting to Toledo, Detroit, Columbus, and Cincinnati
- Passive income stream with built-in rent escalations offering inflation protection
- Located in Findlay’s premier industrial and manufacturing hub
- Backed by a strong corporate guarantor with robust business support
Executive Summary
STRONG CORPORATE GUARANTEE / THE HOME DEPOT “PARTNER OF THE YEAR” – KREATE, Inc. is a leading manufacturer of plastic injection-molded products headquartered in Findlay, OH, with operations spanning across five states. KREATE designs and manufactures a broad range of consumer storage and organization products, including the widely recognized HDX and Husky storage lines sold exclusively through The Home Depot, and was recognized by The Home Depot as “Partner of the Year” in back-to-back years (2024–2025).
LONG-TERM ABSOLUTE NNN LEASE / STRONG 3% ANNUAL INCREASES – In 2024, KREATE, Inc. executed a rare 20-Year Absolute NNN lease at the subject property, demonstrating its long-term commitment to the facility and its mission-critical role within the company’s overall operations. The lease also features favorable 3% annual rent increases with additional options to renew at Fair Market Value, providing investors with a strong hedge against inflation.
HIGHLY FUNCTIONAL INDUSTRIAL MANUFACTURING FACILITY WITH EXPANSION CAPABILITIES – The subject property consists of a functional ±45,245 SF industrial manufacturing facility situated on ±5.26 acres (19.75% building-to-land coverage) and is equipped with three (3) cranes, ±32’ clear height, and three (3) grade-level doors. Given the property’s excess yard area, the site offers significant future expansion potential with the ability to potentially double the current building footprint.
STRATEGIC MIDWEST INDUSTRIAL LOCATION / EXCELLENT TRANSPORTATION CONNECTIVITY – Findlay, OH has established itself as one of the Midwest’s premier manufacturing and logistics hubs, providing access to approximately 60% of the U.S. population within a 600-mile radius. The market is strategically positioned along Interstate 75 and further benefits from proximity to the CSX Northwest Ohio Intermodal Terminal, providing efficient connectivity to major Midwest distribution markets and national rail networks.
LONG-TERM ABSOLUTE NNN LEASE / STRONG 3% ANNUAL INCREASES – In 2024, KREATE, Inc. executed a rare 20-Year Absolute NNN lease at the subject property, demonstrating its long-term commitment to the facility and its mission-critical role within the company’s overall operations. The lease also features favorable 3% annual rent increases with additional options to renew at Fair Market Value, providing investors with a strong hedge against inflation.
HIGHLY FUNCTIONAL INDUSTRIAL MANUFACTURING FACILITY WITH EXPANSION CAPABILITIES – The subject property consists of a functional ±45,245 SF industrial manufacturing facility situated on ±5.26 acres (19.75% building-to-land coverage) and is equipped with three (3) cranes, ±32’ clear height, and three (3) grade-level doors. Given the property’s excess yard area, the site offers significant future expansion potential with the ability to potentially double the current building footprint.
STRATEGIC MIDWEST INDUSTRIAL LOCATION / EXCELLENT TRANSPORTATION CONNECTIVITY – Findlay, OH has established itself as one of the Midwest’s premier manufacturing and logistics hubs, providing access to approximately 60% of the U.S. population within a 600-mile radius. The market is strategically positioned along Interstate 75 and further benefits from proximity to the CSX Northwest Ohio Intermodal Terminal, providing efficient connectivity to major Midwest distribution markets and national rail networks.
Property Facts
| Price | $4,808,000 | Rentable Building Area | 45,245 SF |
| Price Per SF | $106.27 | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 1978/2022 |
| Cap Rate | 7.50% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.06/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 32’ |
| Building Class | B | No. Dock-High Doors/Loading | 3 |
| Lot Size | 5.26 AC | No. Drive In / Grade-Level Doors | 3 |
| Zoning | L1 - Light Industrial | ||
| Price | $4,808,000 |
| Price Per SF | $106.27 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 5.26 AC |
| Rentable Building Area | 45,245 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1978/2022 |
| Tenancy | Single |
| Parking Ratio | 1.06/1,000 SF |
| Clear Ceiling Height | 32’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | L1 - Light Industrial |
Amenities
- Air Conditioning
Utilities
- Water - City
- Sewer - City
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $9,450 | Total Assessment | $9,450 |
Property Taxes
Parcel Numbers
Land Assessment
$9,450
Improvements Assessment
$0
Total Assessment
$9,450
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