$1,100,000
2182 McKinley Avenue, Columbus 43204
Details
Property Type Industrial
Sub Type Flex
Square Footage 3,231
Net Rentable (SqFt) 3,231
Cap Rate 6.75%
NOI $70,000
Occupancy 100%
Tenancy Single
Lease Type NN+
Lease Term 5
Lease Expiration 08/31/2029
Remaining Term 3.3
Rent Bumps Yes
Lease Options Yes
Class C
Year Renovated 2024
Buildings 2
Acreage 2.140
Zoning M-Cloumbus
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2024
Ground Lease No
Investment Opportunity - 100% Leased
Marketing description
Well located, single-tenant industrial investment property for sale. Leased to credit tenant, The Vasco Group, headquartered in Massillon, Ohio. Website is thevascogroup.com. Five-year lease with expiration on 8/31/2029 (with renewal options). Ideal candidate for a 1031 exchange. Call broker for more details
Investment highlights
Well located, single-tenant industrial investment property for sale. Leased to credit tenant, The Vasco Group, headquartered in Massillon, Ohio. Website is thevascogroup.com. Five-year lease with expiration on 8/31/2029 (with renewal options). Ideal candidate for a 1031 exchange. Call broker for more details
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$70,000.00
$5,833.33/mo
Valuation Metrics
0
DSCR
6.36%
Cap Rate
6.36%
ROI
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