4901 Urbana RdSpringfield, OH 45502

For Sale
$2,000,000

Prime Ohio manufacturing facility, 33,808 SF, 7.25% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 33,808-square-foot manufacturing facility, located at 4901 Urbana Rd, Springfield, Ohio 45502, presents a compelling sale-leaseback opportunity. The property, classified as Class C industrial, boasts a strong credit tenant, Tool Tech, LLC, which has occupied the space since 1985. The asking price is $2,000,000, translating to a price per square foot of $59.16 and a desirable 7.25% capitalization rate. Built in 1985, the building sits on a 4.24-acre lot and is zoned for light manufacturing, providing ample space and flexibility. The facility features a ceiling height ranging from 16 to 20 feet, allowing for efficient use of vertical space. Two loading docks and one dock-high door ensure smooth and efficient material handling. The property also offers outdoor storage, and the column spacing is 25 feet. The sale includes a 15-year sale-leaseback agreement with strong lease terms, providing a secure and long-term income stream for the investor. The property's strategic location just north of I-70 offers excellent access to major transportation routes, enhancing its logistical advantages. This is an ideal investment for those seeking a stable, income-generating asset with a strong tenant and favorable lease terms in a prime industrial location.

Highlights

  • 100% Net Lease, 15-Year Sale-Leaseback.
  • Investment-grade tenant with operations since 1985.
  • Favorable lease terms.

Property Details for 4901 Urbana Rd

Property type
Other industrial properties, Manufacturing properties
Square Feet
33,808 SF
Class
C
Year Built
1985
Lot Size (sq. ft)
184,694 SF

Location Insight

City
Springfield
County
Clark
State
Ohio
Latitude
39.9960618
Longitude
-83.8032513
4901 Urbana Rd, Springfield, Ohio

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4901 Urbana Rd
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