Double Digit Cap Rate Industrial - Noi
Fully Occupied Industrial Opportunity with Long-Term Tenancy: The property generates roughly NOI through a single tenant lease with Kanga Manufacturing who has been at this location since 2007.
Excellent Location: Direct access to Interstate Highway 76, Akron-Canton Regional Airport, Williams Brother.
Docks and Drive-In Doors: The Property offers tenants the use of 2 loading docks, and 1 overhead door.
Office Space Built Out: The Property includes a ±2,000 SF office space and 20,000 SF of air-conditioned warehousing space.
Heavy Manufacturing Employment: Ravenna has one of the highest demand for manufacturing occupations with the labor force being 2.33X higher compared to other locations in Ohio.
RI Marketplace is pleased to present the Industrial Opportunity (the "Property") located at 446 West Lake Street, Ravenna, OH 44266. The Property is a 48,000 SF distribution facility that is occupied by Kanga Manufacturing since 2007, with over NOI generated annually. The Property has a ±2,000 SF office built out, new 20,000 SF air-conditioned warehousing area with 2 loading docks, and 1 overhead door. The Property is conveniently located nearby Interstate Highway 76, Akron-Canton Regional Airport, and Williams Brother. Ravenna has one of the highest demands for manufacturing occupations with a labor force that is 2.33X higher compared to other locations in Ohio based on the American Community Survey (Acs) in 2018.
The most common jobs held by residents of Ravenna, OH, by number of employees, are Production Occupations (767 people), Office & Administrative Support Occupations (707 people), and Sales & Related Occupations (579 people). Compared to other places, Ravenna, OH has an unusually high number of residents working as Production Occupations (2.33 times higher than expected), Material Moving Occupations (1.59 times), and Building & Grounds Cleaning & Maintenance Occupations (1.4 times).
Keller Williams Greater Cleveland
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