Northern Ohio Corporate HQ Sale Leaseback
This sale leaseback, located in Ashland, Ohio, will be an absolute triple-net lease with no landlord obligations. The corporation is a 100+ year old plastics manufacturer and has committed themselves to this complex with massive recent capital improvements. The 226,552 square foot industrial facility has recently undergone major upgrades including a new roof with a 20 year warranty, addition of new contemporary facades, all new concrete parking and loading areas, and complete interior remodel with insulation exceeding even LEED requirements. Additionally, they currently occupy roughly 65% of the facility, leaving themselves ample room for future growth. The property is being offered at an attractive 7.75% capitalization rate with a corresponding price of $11,290,320. Notable manufacturers and retail tenants in the area include Ball Bounce and Sport, Inc., Fresenius Kidney Care, Snyder’s Lance, Barbasol, McGraw Hill, Bookmasters, Conery Manufacturing, McDonald’s, Chase Bank, Rite Aid, Burger King, Taco Bell, Wendy’s, PNC Bank, Walmart, Home Depot, Ashland University, and many others.