7584 Whipple Avenue Northwest, North Canton, OH 44720 For Sale

Building falls in the City of North Canton and Jackson township, which is one of the most desired neighborhoods and locations, and has no city income tax and presents a good advantage for occupants. Buyer to independently verify the tax status. 3 units, multiunit tenancy, safe investment. 31800sqft (28000 sqft main space and 3800 sqft mezzanine office space) occupied by Suarez Corp. 12000 sqft is occupied by tenant Microplex. Warehouse has 20ft ceilings, 75% is warehouse and 25% is office space. All HVAC systems were recently upgraded. In 2019, a new roof was installed for a section covering 28,000 square feet. The Gross Rent is $371,741/year or almost 31,000/month making it a GRM of only 8.9. $NNN rent /NOI is $264,443/year leading to a cap rate of 8.01% at asking price. HIGH SECURITY DEPOSIT OF $115,826 ON FILE. LOW RISK INVESTMENT.