4111 Simon
Industrial | 9.75% CAP | 39,560 SqFt
Marketing description
Located in Youngstown, OH just 0.7 miles southwest of the I-680 and SR-170 interchange. This single-tenant 39,560 SF manufacturing facility sits on 3.3 acres. The Property has been occupied by Youngstown Pipe and Steel ("YPS"), who has occupied the facility for nearly twenty years and recently signed a 6-year renewal lease with 3.5% annual increases.
Youngstown Pipe and Steel ("YPS") is a well-established company with over 50 years of operations specializing in the servicing and distribution of carbon and allow steel products. YPS has continued to grow organically and through acquisitions with two recent acquisitions in 2015-2016. YPS is owned by DNV Investments who is providing a guarantee of the lease. DNV Investments is an Ohio-based company that acquires, holds and operates midsize companies.
Investment highlights
- New 6-year, NNN Lease commenced 11/25/2024
- Close proximity to major highways- 0.7 miles from I-680
- Strong tenant - YPS which is owned by DNV Investments who is guaranteeing lease
- Security- Yard and docks are fenced in with gate access.
- 4 Docks, 14' ceiling height
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