20 Zischler StSpringfield, OH 45504

For Sale
$1,950,000

60,500 SF Warehouse, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Springfield, Ohio industrial property, located at 20 Zischler Street, presents a compelling investment opportunity. The 60,500 square foot warehouse boasts significant advantages, including well-below-market lease rates secured by a recently signed 10-year lease. The property features a substantial 10-ton crane, ideal for efficient material handling, and ample outside storage space, enhancing its operational versatility. The strong financial performance is underscored by an attractive 8.25% cap rate, making it an attractive addition to any portfolio. Annual property taxes are $19,075.92, and annual insurance premiums are $10,886. The property is situated in Clark County, Ohio, with the full address being 20 Zischler Street, Springfield, OH 45504. This warehouse offers a rare combination of size, functionality, and strong financial returns, making it an ideal investment for discerning buyers seeking a stable, high-yield asset in a desirable location. The long-term lease provides predictable income and minimizes vacancy risk. The combination of the crane, ample outdoor storage, and the favorable lease terms makes this property particularly attractive to a wide range of potential tenants. The asking price for this exceptional investment opportunity is $1,950,000.

Highlights

  • Below-market lease rates.
  • 10-ton crane on site.
  • Ample outdoor storage area.
  • New 10-year lease in place.
  • 8.25% capitalization rate.
  • Annual property taxes: $19,075.92.

Location Insight

City
Springfield
County
Clark
State
Ohio
Latitude
39.9267408
Longitude
-83.8358996
20 Zischler St, Springfield, Ohio

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20 Zischler St
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