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400 S Stone St 245,000 SF Industrial Building Fremont, OH 43420 $13,127,000 ($53.58/SF) 7.75% Cap Rate
Investment Highlights
- Long-Term NNN Lease with Contractual Rent Growth
- Triple-net lease structure, with tenant responsible for all operating expenses and maintenance, resulting in minimal landlord involvement
- In-place rental rate is below prevailing market levels, providing an attractive basis and preserving future income growth potential Established Tier-1
- 12 years of remaining lease term with 3.0% annual rent escalations, delivering predictable, growing cash flow and inflation protection
- Durable income stream supported by a mission-critical manufacturing tenant with long-term operating commitment to the facility
- Auria is a global Tier-1 automotive supplier serving major OEMs across multiple platforms and vehicle programs
Executive Summary
Broker of Record
Matt Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matt Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
| Price | $13,127,000 | Lot Size | 9.88 AC |
| Price Per SF | $53.58 | Rentable Building Area | 245,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.75% | Year Built | 1998 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Opportunity Zone |
Yes
|
| Building Class | B |
| Price | $13,127,000 |
| Price Per SF | $53.58 |
| Sale Type | Investment |
| Cap Rate | 7.75% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 9.88 AC |
| Rentable Building Area | 245,000 SF |
| No. Stories | 1 |
| Year Built | 1998 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Manufacturing
- -
- -
- -
IAC Group is a leading global supplier that creates environments that move people with elegant design, bold ideas and precise execution. At IAC, they believe the environments they live, work and move in matter. They seek to create the best in smart, sustainable technology with precision and speed, bringing together elegant design and bold ideas with expert engineering. They are driven by curiosity to discover new ways to move people forward and find power in their diverse, creative community where all belong and great ideas move forward.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Manufacturing | - | - | - |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $922,390 | |
| Land Assessment | $76,130 | Total Assessment | $998,520 |
Property Taxes
Parcel Numbers
Land Assessment
$76,130
Improvements Assessment
$922,390
Total Assessment
$998,520
Contacts
-
Matt Kovesdy -
Evan Cianciolo -
Jonah Yulish -
Pantelis Goudas -
Matthews Real Estate Investment Services
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