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4676 Erie Ave SW 633,415 SF 100% Leased Industrial Building Navarre, OH 44662 $43,100,000 ($68.04/SF) 7.25% Cap Rate
Executive Summary
Newmark, as exclusive broker, is pleased to present 4676 Erie Avenue, a 633,415 SF, multi-tenant, industrial facility in Massillon, Ohio.
The Property is 100% leased to two established companies with a presence across the U.S., providing immediate in-place income and operational stability for investors seeking durable cash flow.
This Property has undergone extensive improvements, including repairing all columns and warehouse concrete floors, remodeling offices, and upgraded sprinkler systems for dense storage. Situated on a spacious 55-acre site, there is ample room for car and trailer parking, truck maneuvering, and expansion.
Building specifications included a 35-foot clear height, an 8-inch warehouse floor, and 84 dock doors maintained with dock levelers and dock locks in place. Expect upgraded LED lighting, racking installed with in-rack sprinklers, heavy power, and a server room with FM200 waterless fire suppression. The first and second-floor offices have been remodeled with new carpet, paint, and window treatments. Potential rail access is available with modifications. Investors will benefit from the property’s exceptional upgrades and superior accessibility.
The Property is 100% leased to two established companies with a presence across the U.S., providing immediate in-place income and operational stability for investors seeking durable cash flow.
This Property has undergone extensive improvements, including repairing all columns and warehouse concrete floors, remodeling offices, and upgraded sprinkler systems for dense storage. Situated on a spacious 55-acre site, there is ample room for car and trailer parking, truck maneuvering, and expansion.
Building specifications included a 35-foot clear height, an 8-inch warehouse floor, and 84 dock doors maintained with dock levelers and dock locks in place. Expect upgraded LED lighting, racking installed with in-rack sprinklers, heavy power, and a server room with FM200 waterless fire suppression. The first and second-floor offices have been remodeled with new carpet, paint, and window treatments. Potential rail access is available with modifications. Investors will benefit from the property’s exceptional upgrades and superior accessibility.
Property Facts
| Price | $43,100,000 | Lot Size | 55.48 AC |
| Price Per SF | $68.04 | Rentable Building Area | 633,415 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.25% | Year Built/Renovated | 1969/2010 |
| Property Type | Industrial | Parking Ratio | 0.39/1,000 SF |
| Property Subtype | Distribution | Clear Ceiling Height | 35’ |
| Building Class | C | No. Dock-High Doors/Loading | 84 |
| Zoning | I-1 | ||
| Price | $43,100,000 |
| Price Per SF | $68.04 |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 55.48 AC |
| Rentable Building Area | 633,415 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1969/2010 |
| Parking Ratio | 0.39/1,000 SF |
| Clear Ceiling Height | 35’ |
| No. Dock-High Doors/Loading | 84 |
| Zoning | I-1 |
Amenities
- 24 Hour Access
- Security System
- Signage
- Air Conditioning
Utilities
- Lighting - Metal Halide
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 00900009 | Improvements Assessment | $8,752,310 |
| Land Assessment | $205,310 | Total Assessment | $8,957,620 |
Property Taxes
Parcel Number
00900009
Land Assessment
$205,310
Improvements Assessment
$8,752,310
Total Assessment
$8,957,620
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