For Sale
$12,600,000

451 Coshocton StJohnstown, OH 43031

High-Yield NNN Leased Industrial Asset

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Class A industrial property, located at 451 E Coshocton St, Johnstown, OH 43031, presents a compelling investment opportunity. The 125,500 square foot manufacturing facility sits on a 13.03-acre lot and boasts a 28-foot ceiling height, nine loading docks, and four dock-high doors. Built in 1989 and extensively renovated in 2023, the single-story building is currently 100% occupied by a national tenant under a net lease agreement with a corporate guarantee, providing exceptional financial stability. The property benefits from a 10-year, 100% tax abatement on a recent 75,000 square foot addition, further enhancing its investment appeal. The asking price is $12,600,000, representing a compelling $100.40 per square foot and a 7.00% cap rate. The property is zoned M and offers significant potential for long-term growth and return. The tenant's long history (over 160 years) and the strong lease terms make this a truly exceptional investment opportunity in a prime Ohio location. The occupancy date is June 13, 2023.

Highlights

  • $12,600,000 asking price for this Class A industrial property.
  • 125,500 square foot manufacturing facility on a 13.03-acre lot in Johnstown, OH.
  • Net lease (NNN) with a corporate guarantee from a national tenant.
  • 7.00% cap rate with 100% occupancy since June 13, 2023.
  • Features include 9 loading docks, 4 dock-high doors, and 28-foot ceiling heights.

Property Details for 451 Coshocton St

Property type
Industrial properties, Manufacturing properties
Square Feet
125,500 SF
Class
A
Year Built/Renovated
1989/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
567,587 SF
Units
1

Location Insight

City
Johnstown
County
Licking
State
Ohio
Latitude
40.1569674
Longitude
-82.6768652
451 Coshocton St, Johnstown, Ohio

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451 Coshocton St
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