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1150 State St 172,310 SF Industrial Building Fostoria, OH 44830 $3,500,000 ($20.31/SF) 7.90% Cap Rate
Investment Highlights
- 100% Occupied, Single Tenant
- Additional Income Potential with Unused Grass Parcel
- 60% of the Country is Accessible within 24-hour Drive
- 14% + 10yr Cash on Cash Return
- Immediate Access to State Route 23 N/S
Executive Summary
100% Occupied, Single Tenant. 14% + 10yr Cash on Cash Return. Additional Income Potential with Unused Grass Parcel. Immediate Access to State Route 23 N/S. 60% of the Country is Accessible within 24-hour Drive.
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Property Facts Under Contract
| Price | $3,500,000 | Rentable Building Area | 172,310 SF |
| Price Per SF | $20.31 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1949 |
| Cap Rate | 7.90% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.7/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 30’ |
| Building Class | B | No. Dock-High Doors/Loading | 2 |
| Lot Size | 13.80 AC | No. Drive In / Grade-Level Doors | 4 |
| Zoning | I Manufacturing Assembly | ||
| Price | $3,500,000 |
| Price Per SF | $20.31 |
| Sale Type | Investment |
| Cap Rate | 7.90% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 13.80 AC |
| Rentable Building Area | 172,310 SF |
| No. Stories | 1 |
| Year Built | 1949 |
| Tenancy | Single |
| Parking Ratio | 0.7/1,000 SF |
| Clear Ceiling Height | 30’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | I Manufacturing Assembly |
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Property Taxes
| Parcel Number | P51040990160000 | Improvements Assessment | $416,050 |
| Land Assessment | $53,890 | Total Assessment | $469,940 |
Property Taxes
Parcel Number
P51040990160000
Land Assessment
$53,890
Improvements Assessment
$416,050
Total Assessment
$469,940
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1150 State St
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