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20 N Zischler St 60,500 SF 100% Leased Industrial Building Springfield, OH 45504 $1,700,000 ($28.10/SF) 9.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Well Below Market Lease Rates
- Large Outside Storage
- Cap Rate: 9.7%
- 10-Ton Crane
- 10-year Lease - Just Signed
- Annual Taxes = $19,075.92 & Property Insurance: $10,886
EXECUTIVE SUMMARY
INVESTMENT OPPORTUNITY! WAREHOUSE FACILITY AT 20 ZISCHLER STREET, SPRINGFIELD, OHIO 45504
Don't miss out on this incredible investment opportunity! This spacious warehouse facility boasts 60,500 SF, offering ample space for a variety of business needs. With a sales price reduced to $1,700,000, this property is well below market lease rates, presenting an attractive investment potential. Featuring a clear height of 18' - 30', a 10-ton crane, 5 docks, and 6 drive-in doors, this property is equipped to handle diverse operations. Additionally, a recently signed 10-year lease ensures a steady income stream for the savvy investor. The property also includes large outside storage, ideal for businesses requiring additional space. With a cap rate of 9.7% and a prime location in Springfield, Ohio, this warehouse facility is a rare find.
Take advantage of this opportunity today!
For information, contact:
Tim Echemann or Conrad Echemann at (937) 492-4423.
Annual Taxes: $19,075.92
Property Insurance: $10,886
Don't miss out on this incredible investment opportunity! This spacious warehouse facility boasts 60,500 SF, offering ample space for a variety of business needs. With a sales price reduced to $1,700,000, this property is well below market lease rates, presenting an attractive investment potential. Featuring a clear height of 18' - 30', a 10-ton crane, 5 docks, and 6 drive-in doors, this property is equipped to handle diverse operations. Additionally, a recently signed 10-year lease ensures a steady income stream for the savvy investor. The property also includes large outside storage, ideal for businesses requiring additional space. With a cap rate of 9.7% and a prime location in Springfield, Ohio, this warehouse facility is a rare find.
Take advantage of this opportunity today!
For information, contact:
Tim Echemann or Conrad Echemann at (937) 492-4423.
Annual Taxes: $19,075.92
Property Insurance: $10,886
PROPERTY FACTS
| Price | $1,700,000 | Rentable Building Area | 60,500 SF |
| Price Per SF | $28.10 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1940 |
| Cap Rate | 9.70% | Parking Ratio | 0.99/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 30’ |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 5 |
| Building Class | B | No. Drive In / Grade-Level Doors | 6 |
| Lot Size | 2.38 AC |
| Price | $1,700,000 |
| Price Per SF | $28.10 |
| Sale Type | Investment |
| Cap Rate | 9.70% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 2.38 AC |
| Rentable Building Area | 60,500 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 0.99/1,000 SF |
| Clear Ceiling Height | 30’ |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 6 |
UTILITIES
- Water - City
- Sewer - City
PROPERTY TAXES
| Parcel Numbers | 34-00600-00532-5001, 34-00600-00532-4001, 34-00600-00532-5025, 34-00600-00532-5023, 34-00600-00532-4002 | Improvements Assessment | $178,300 |
| Land Assessment | $84,590 | Total Assessment | $262,890 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$84,590
Improvements Assessment
$178,300
Total Assessment
$262,890
ZONING
| Zoning Code | I-2 (Heavy Industrial) |
| I-2 (Heavy Industrial) |
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