For Sale
$6,500,000

3710 Hendricks RdAustintown, OH 44509

300,000 SF Multi-Tenant Industrial

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 300,000-square-foot industrial property, located at 3710 Hendricks Rd in Youngstown, Ohio, presents a compelling investment opportunity. Currently housing three tenants, including Timbercreek, Jaxon International, and Youngstown Bending and Rolling, the property boasts a strong pro-forma NOI of $889,299 and a 13.68% pro-forma cap rate. The asking price is $6,500,000, translating to $21.67 per square foot. Situated on a 14.64-acre lot, this multi-tenant, NNN-leased asset features 40-foot ceilings, three-phase power, and crane bays, catering to diverse manufacturing and warehousing needs. Recent capital improvements include a new roof with a 20-year warranty and the installation of energy-efficient LED lighting, totaling $1.8 million in upgrades. The property's strategic location offers convenient access to Interstate 680 and Route 11, placing it within close proximity to Downtown Youngstown, Warren, Akron, and Canton. The property is zoned for industrial use and presents an attractive opportunity for both owner-users and value-add investors seeking a well-maintained, high-performing asset in a growing Ohio market. The Youngstown area is experiencing growth in healthcare, education, and advanced manufacturing, contributing to a stable and expanding local economy.

Highlights

  • New roof and energy-efficient LED lighting installed.
  • High-bay warehouse features 40-foot ceilings, 3-phase power, and crane bays.
  • Excellent freeway access via I-680 and Route 11.
  • Suitable for owner-occupancy or value-add investment.

Property Details for 3710 Hendricks Rd

Property type
Warehouses, Industrial properties
Square Feet
300,000 SF
Lot Size (sq. ft)
637,718 SF

Location Insight

City
Austintown
County
Mahoning
State
Ohio
Latitude
41.1091479
Longitude
-80.7150824
3710 Hendricks Rd, Austintown, Ohio

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3710 Hendricks Rd
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