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MLS Number:
9066029
Property Type:
Commercial
List Price:
$3,200,000
Street #:
961
Direction:
N
Street Name:
Main Street
City:
Mansfield
State:
OH
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Zip Code:
44902
County:
Richland County
Year Built:
2000
Lot Size:
5.85
Est Taxes (Half):
$14,921.33
Type Property:
Business Service, Industrial, Manufacturing, Office, Professional Service, Warehouse
Remarks:
This fully leased industrial property spans 5.85 acres with 46, 250 SF of office & warehouse space, offering a 7.3% cap rate. Built in 2000, it includes 40, 000 SF of warehouse space with 4 loading docks, 2 garage bays, a mezzanine, & a restroom. The property features 3 office units. Unit 1 includes 5 offices, a secretary area, waiting room, kitchenette, multiple warehouse access points, & 2 restrooms. Unit 2 consists of 3 offices, an open work area, a kitchenette, & access to 2, 000 SF of warehouse space. Unit 3 has 2 offices, an open conference area, storage, kitchenette, & restrooms. An additional tenant leases 5, 000 SF of warehouse space. Recent upgrades include new carpet in Units 1 & 3, LED lighting, & a 2020 dock seal replacement. The tenant in Unit 1 may downsize, adding flexibility. All tenants, except the warehouse tenant, are on flat (NNN) leases. Suitable for warehouse, office, or manufacturing use with stable tenants & strong cash flow, this turnkey investment is a must-see!
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