Listed by Matthews
$500,000
HAJOCA
Details
Property Type Industrial
Sub Type Warehouse, Distribution
Square Footage 10,980
Tenancy Single
Lease Expiration 05/06/2027
Rent Bumps Yes
Price per SqFt $46
Year Built 1945
Acreage 1.070
Zoning I-2
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ceiling Height 16+
Industrial | 10,980 SqFt
Investment highlights
- Durable Construction - Solid block/brick structure delivers longevity, lower long-term maintenance costs, and superior fire resistance vs. metal or wood-frame alternatives.
- Functional Layout - 16+ ft clear height in warehouse is an above-average clear height for a building this size, enabling racking, mezzanine installation, and larger equipment that many competing small-bay buildings cannot accommodate. Two drive-in doors provides grade-level access and supports simultaneous loading/unloading and a wide range of tenant operations. ~3,980 SF of office/flex space paired with 7,000 SF of warehouse creates a versatile footprint suitable for owner-users and a broad tenant pool alike.
- Recent Capital Improvements - New concrete work, partial roof replacement, and additional masonry work completed, reducing near-term capital expenditure risk for the buyer.
- Statewide Growth - Ohio earned AAA/Aaa/AAA credit ratings from all three major agencies for the first time in state history, with $12.1B in capital investment completed in 2025 and 273,000+ open jobs statewide - rising industrial demand across the state benefits secondary markets like Mansfield. Ohio ranked #1 in infrastructure nationally for three consecutive years and #2 for ease of doing business.
- Mark to Market Opportunity - At $45.54/SF, the asset is priced competitively relative to replacement cost for masonry construction, with meaningful rent-growth potential upon lease rollover.
- Strategic Midstate Location - Mansfield's position near US-30 and I-71 provides efficient access to Columbus (~75 mi), Cleveland (~80 mi), and Toledo (~100 mi), supporting logistics and distribution tenants.
Listing Contacts
Listed by Matthews
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Zoning
I-2 IndustrialGeneral Impact Industrial
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