8701 Port Jackson Ave
North Canton, OH 44720
NN (BBB - S&P Credit) Williams Companies · Office Property For Sale

Marcus & Millichap is pleased to present the Williams, single Tenant Net-Leased Office Property, located at 8701 Port Jackson Avenue, in the Akron/Canton Ohio MSA in the city of North Canton. The property is leased to Williams Companies (WMB:NYSE), operating under a double net lease extending until November of 2030. The asset provides the new investor the opportunity to own a class A property, recently built-to-suit for the tenant in December 2018. As mentioned, the property is occupied by Williams Companies, and operates under a corporate guarantee, which runs through the eleven years remaining in the twelve-year lease term and subject to annual rent increases. Williams Companies is a national provider in the processing and transporting of natural gas and has offices located throughout the United States. The company is a publicly traded Fortune 500 entity with the NYSE ticket symbol of WMB. Both Moody’s and Standard & Poor's have rated the company Baa3 and BBB respectfully, with both ratings receiving recent increases within the two rating agencies. Additionally, Williams companies has a 2018 revenue over eight billion with consistent growth rate since 2015. The property is located in North Canton, Ohio and strategically located between the Cities of Akron and Canton. The 25,000 square foot asset was built in the shadow of the regional Akron Canton Airport in growing office and industrial park. This will keep the asset in demand for the Williams Company use and beyond.