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29648491
29648490

400 S Stone St, Fremont, OH 43420

JY
OH 2018004451
Matthews
EC
OH OH2023004160
Matthews
Matthews
Listed by Matthews
$12,900,000
114 days on market
Updated 2 days ago
Opportunity zone

Auria Solutions - 12 Yrs of Term

Details
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 245,000
Net Rentable (SqFt) 245,000
Cap Rate 8.01%
NOI $1,032,675
Occupancy 100%
Tenancy Single
Lease Type NNN
Rent Bumps Yes
Broker Co-Op Yes
Class B
Year Built 1998
Acreage 9.880
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple

Long-Term NNN Lease | ±9.88 Acres

Investment highlights

  • Long-Term NNN Lease with Contractual Rent Growth

  • 12 years of remaining lease term with 3.0% annual rent escalations, delivering predictable, growing cash flow and inflation protection

  • Triple-net lease structure, with tenant responsible for all operating expenses and maintenance, resulting in minimal landlord involvement

  • Durable income stream supported by a mission-critical manufacturing tenant with long-term operating commitment to the facility

  • In-place rental rate is below prevailing market levels, providing an attractive basis and preserving future income growth potential Established Tier-1 Automotive Supplier

  • Auria is a global Tier-1 automotive supplier serving major OEMs across multiple platforms and vehicle programs

  • Revenue base is diversified across customers, programs, and geographies, reducing reliance on any single OEM or platform

  • The Fremont facility supports production tied to long-cycle automotive platforms, reinforcing revenue visibility and plant-level importance Mission-Critical Automotive Manufacturing Facility

  • Established automotive manufacturing property with continuous industrial use dating back to the 1980s

  • Facility has received significant tenant investment in specialized machinery, automation, and process-specific buildouts, creating high switching costs and limiting relocation alternatives

  • On-site Norfolk Southern rail service and integrated raw-material silos with direct feed systems support efficient inbound and outbound logistics

  • Physical characteristics and embedded infrastructure make the facility operationally difficult and costly to replicate

Listing Contacts

JY
OH 2018004451
Matthews
EC
OH OH2023004160
Matthews
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,032,675.00
$86,056.25/mo

Valuation Metrics

0
DSCR
8.01%
Cap Rate
8.01%
ROI

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Additional Information

Name
Matt Wallace
License
REC.2022007141 (OH)
Title
Broker of Record
Name
Jonah Yulish
License
2018004451
Brokerage
Matthews
Name
Evan Cianciolo
License
OH2023004160
Brokerage Phone
2167773049
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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