945 N Industrial Pky

Realtor Contact-Robert M. Lapka
(216)924-0157
Ohio Real Estate License#SAL.0000355079
Ten (10) Year NN Lease plus a five (5) year renewal option and is estimated to commence April 1, 2024 (upon issuance of occupancy permit) to All Construction Services, with annual 2% base rent increases. Ten year average Cap Rate 7.17%. The lease is guaranteed the parent company, Installed Building Products a publicly traded company (ticker symbol IBP). The building is situated on 4.313 Acres of land with additional undeveloped land parcel of another 6.394 Acres. The building structure contains 16,907 SF of warehouse, 5,493 SF of
showroom and 10,642 SF of office space. The initial rent of $306,032 is an initial 6.55% Cap Rate based on a purchase price of $6,200,000.
Tenant is responsible for all utilities, real estate taxes and insurance as well as interior maintenance. Landlord is responsible for all structural repairs, parking lot repairs and maintenance.
Buyer's agents must be compensated by Buyer.
The information provided herein is subject to errors, omissions, and misstatement of facts. It has been obtained from sources believed to be reliable including, but not limited to Owner and Owner’s affiliates. No warranty or representations express or implied are made as to any information provided. No opinion as to value, condition, environmental status or condition has been made by Richard Katz Realty Ltd., its Members, Agents, affiliate Brokers or the Property Owner. Prospective Buyer(s) shall, at their sole cost, expense and jeopardy, make their own investigation(s) and reviews as to property value, condition of land and improvements, environmental condition and financial reviews of the property. Availability of the property is subject to prior sale or withdrawal from market without notice.