Industrial•Manufacturing•For Sale

30610 E Broadway, Walbridge, Ohio 43465

Sale Price $10,300,000
Sale Type Investment
Zoning Industrial
Bldg Type Single Tenant
Class A
Status Existing
Year Built 1980
Stories 1
Vacancy 100%
Annual Taxes $183,108.69
Gross Bldg 335,484 SqFt
Land Area 73.94 Acres
Dock High Doors 6
Drive In Doors 15
Cranes 7
Improvements 73.94 acres on Wales Road in Wood County. CSX Rail line at the rear of the property. Property is located on East Broadway south of Wales Road and North of Walbridge Road. Site is 2.13 miles to I-75 and 2.42 miles to I-280. Site is composed of 3 parcels and has great visibility from the road.
Legal Descr 3 parcels- H28-712-050000021000, H28-712-050000026000, H31-712-050401013000
ABSOLUTE NET LEASE! NO LANDLORD RESPONSIBILITIES! Excellent investment opportunity with national tenant, Material Science Corporation, which is the largest producer of coil coatings, laminates and composites, and specialty films in the country. Two years remaining on the second to last 3-year renewal option. Options renew automatically. Annual rent increases based on CPI. Tenant has occupied this state of the art facility for 40 years. Relocation or duplication is unlikely due to economics of moving/new construction. Renewal highly anticipated in 5 years. Site is easily accessible to 3 major expressways - I-75, I-280, and I-80/90 (Ohio Turnpike) Located on East Broadway, just south of Wales Road and North of Walbridge Road/Union Street. Site is 2.13 miles to I-75 and 2.42 miles to I-280.
  • ABSOLUTE NET LEASE - NO LANDLORD RESPONSIBILITIES
  • $700,610.00 rental income with upside
  • Yearly CPI rent increases
  • Interior CSX rail line accommodates 11 cars
  • 138 KVA Power
  • 2-600 , 1-175 horse powered boilers for processing and heating
  • 95' and 85' crane bays with 25' columns
  • 8 - 3M BTU steam heating units
3/13/2019 4:21:58 PM 3/20/2019 8:42:27 PM
Steven R. Lennex, CCIM
Michigan Principal Broker | Ohio Associate Broker
NAI Harmon Group

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