About This Property
For sale to qualified investors is the 100% fee-simple interest in the Conery Manufacturing, Inc. and Septic Products, Inc. facility located in Ashland, Ohio. Conery Manufacturing leases both buildings on the site on an absolute triple-net basis with no landlord obligations. The leases are corporately signed by Conery Manufacturing, Inc., with an additional personal guaranty by the founder of the company. Conery Manufacturing Inc. is a company engaging in the manufacture of float switches with a 43-year tenure at the site. Septic Products, Inc., a sister company related to Conery Manufacturing, is an original equipment manufacturer of high-water alarms, float switches, and electrical control panels. The passive nature of this lease combined with the strong guarantors make this an ideal 1031 replacement property or acquisition for an investor desiring a passive real estate investment. The site features three design and manufacturing facilities with recent renovations, including a new 7,200 SF building with concrete pavement and loading dock access. Additionally, the property is strategically located next to Interstate 71 for convenient shipping and receiving. 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.