1840 Baney RdAshland, OH 44805

This fully occupied, multi-tenant industrial complex in Ashland, Ohio, offers a compelling investment opportunity. The 251,466 square foot property sits on 21.79 acres and boasts a 7.75% cap rate with a net operating income of $968,881. The complex comprises four units within a single, one-story building constructed in 1973 and renovated in 2017. It features 104 parking spaces and is zoned M-1. The property benefits from a strong tenant mix, including long-standing occupants with recently renewed long-term leases. The largest tenant, Hedstrom Plastics, occupies over 157,000 square feet for its plastic injection operation. Another key tenant, Bendon Publishing, occupies significant space as its headquarters. The strategic location in Ashland, Ohio, provides easy access to major highways (I-71, US-250, and SR-42), placing it within convenient driving distance of Cleveland, Columbus, and Akron. This prime location, combined with the strong tenant base and below-market rents, presents a stable and attractive investment prospect. The asking price is $12,500,000, with a price per square foot of $49.71. The property's features include office space, expansive warehousing and distribution space, manufacturing space, production areas, and enclosed outdoor storage. This well-maintained complex offers a solid investment with significant potential for long-term growth and returns.