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7568-7584 Whipple Ave NW
Canton, OH 44720
Industrial Property For Sale
Executive Summary
Building falls in the City of North Canton and Jackson township, which is one of the most desired neighborhoods and locations, and has no city income tax and presents a good advantage for occupants. Buyer to independently verify the tax status. 3 units, multiunit tenancy, safe investment. 31800sqft (28000 sqft main space and 3800 sqft mezzanine office space) occupied by Suarez Corp. 12000 sqft is occupied by tenant Microplex. Warehouse has 20ft ceilings and is 75% of all space and 25% is office space. All HVAC systems were recently upgraded. In 2019, a new roof was installed for a section covering 28,000 square feet. The Gross Rent is $371,741/year or almost 31,000/month making it a GRM of only 8.9. NNN rent /NOI is $264,443/year leading to a cap rate of 8.01% at asking price. HIGH SECURITY DEPOSIT OF $115,826 ON FILE. LOW RISK INVESTMENT.
Property Facts
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 8.01% | Year Built/Renovated | 1974/2019 |
| Property Type | Industrial | Parking Ratio | 1.37/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’ |
| Building Class | B | No. Dock-High Doors/Loading | 12 |
| Lot Size | 3.66 AC | No. Drive In / Grade-Level Doors | 1 |
| Rentable Building Area | 58,574 SF | Cross Streets | Strausser Ave |
| Zoning | LtInd - I-1 Industrial District. | ||
| Sale Type | Investment NNN |
| Cap Rate | 8.01% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.66 AC |
| Rentable Building Area | 58,574 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1974/2019 |
| Parking Ratio | 1.37/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 12 |
| No. Drive In / Grade-Level Doors | 1 |
| Cross Streets | Strausser Ave |
| Zoning | LtInd - I-1 Industrial District. |
Amenities
- Security System
- Air Conditioning
Utilities
- Water - City Water
- Sewer - City Sewer
- Heating - Gas
Property Taxes
| Parcel Number | 01609187 | Improvements Assessment | $500,920 |
| Land Assessment | $226,520 | Total Assessment | $727,440 |
Property Taxes
Parcel Number
01609187
Land Assessment
$226,520
Improvements Assessment
$500,920
Total Assessment
$727,440
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