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305 Westlake Dr 305 Westlake Dr 234,000 SF Industrial Building Ashland, OH 44805 $10,530,000 ($45/SF)
Investment Highlights
- Rare owner-user opportunity in one of Ashland's premier industrial corridors.
- 16 dock doors, 1 drive-in door, ESFR sprinkler, and standing seam metal roof.
- Excellent access to U.S. Route 250, U.S. Route 42, and Interstate 71.
- ±234,000 SF facility on ±13.02 acres built in 2014 with 26'-30' clear heights.
- Located within a well-maintained industrial park with national and regional manufacturers.
- Flexible facility to accommodate future operational expansion without relocating.
Executive Summary
Matt Wallace
Matthews Real Estate Investment Services, Inc
BRKP.2024002419, REC.2022007141 (OH)
950 Main Ave., Suite 510, Cleveland, OH 44113 (866) 889-0550
Property Facts
| Price | $10,530,000 | Rentable Building Area | 234,000 SF |
| Price Per SF | $45 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2014 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 16 |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 16.87 AC |
| Price | $10,530,000 |
| Price Per SF | $45 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 16.87 AC |
| Rentable Building Area | 234,000 SF |
| No. Stories | 1 |
| Year Built | 2014 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 16 |
| No. Drive In / Grade-Level Doors | 1 |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Transportation and Warehousing
- -
- -
- -
Founded in 1989 by serial entrepreneur Jerry Baker, Compak has not only expanded its physical footprint from 25,000 sq ft to more than 1.2 million but has developed services to provide for its partners. Built on the founders principals of a "handshake is my bond", Compak has developed a strong partner network that rely daily on the company's ability and commitment in providing valued service. ? Throughout the 1990's Jerry Baker partnered with well respected companies such as Rubbermaid, Pentair, Mansfield Plumbing and Archway Bakery. Building the business, through expanded services and customers led to Baker's need to expand his physical footprint, which led to him constructing warehouses towards the end of the 1990's. Over the next 20 years Baker would go on to build more than 2M sq ft of Class A wareshousing facilities throughout northeast Ohio. Recognized as a highly respected developer, Baker would go on to structure design build projects for national manufacturers and
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Transportation and Warehousing | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Broker Of Record Matt Wallace Matthews Real Estate Investment Services, Inc BRKP.2024002419, REC.2022007141 (OH) 950 Main Ave., Suite 510, Cleveland, OH 44113 (866) 889-0550
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 234,000 SF | Industrial | - | Now |
1st Floor
| Size |
| 234,000 SF |
| Space Use |
| Industrial |
| Build-Out |
| - |
| Available |
| Now |
1st Floor
| Size | 234,000 SF |
| Space Use | Industrial |
| Build-Out | - |
| Available | Now |
Broker Of Record Matt Wallace Matthews Real Estate Investment Services, Inc BRKP.2024002419, REC.2022007141 (OH) 950 Main Ave., Suite 510, Cleveland, OH 44113 (866) 889-0550
Property Taxes
| Parcel Number | P43-142-0-0001-05 | Improvements Assessment | $2,324,080 |
| Land Assessment | $67,250 | Total Assessment | $2,391,330 |
Property Taxes
