For Sale
$5,250,000

102 Sundale RdNorwich, OH 43767

150,000 SF Warehouse, 8.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 150,000-square-foot industrial warehouse portfolio situated on approximately 22 acres in Norwich, Ohio. The property, comprised of four buildings, boasts eight dock-high doors and ceiling heights ranging from 16 to 42 feet, ideal for warehousing and distribution. A significant portion (approximately 62%) is currently leased to an industrial tenant under a triple-net (NNN) lease extending through 2029, with two five-year renewal options featuring rent increases, ensuring stable income for an owner-user or investor. The property includes two residential properties and several outbuildings, adding to its versatility. The site features ample parking (approximately 100 spaces), a robust 5,000-gallon-per-day private sewage treatment plant designed for a significant workforce and limited manufacturing, a backup natural gas generator and UPS system for essential services, and monitored fire and security systems. Electrical infrastructure includes two 400-amp feeds to building 3 and one to building 4, with spare conduit for future power expansion. The asking price is $5,250,000, representing an attractive 8.5% capitalization rate. Detailed financials are available upon request. This property offers a unique blend of income-producing assets and significant expansion potential.

Highlights

  • NNN lease with long-term tenant occupying 65% of the property.
  • On-site 5,000-gallon-per-day sewage treatment plant.
  • Backup natural gas generator and uninterruptible power supply (UPS) for essential systems.
  • Monitored fire alarm system with central station reporting.
  • Monitored security system.
  • Approximately 100 parking spaces.

Property Details for 102 Sundale Rd

Property type
Warehouses, Industrial properties
Square Feet
150,000 SF
Year Built
1996
Buildings
4
Lot Size (sq. ft)
962,066 SF

Location Insight

City
Norwich
County
Muskingum
State
Ohio
Latitude
39.982615
Longitude
-81.794074
102 Sundale Rd, Norwich, Ohio

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102 Sundale Rd
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