For Sale
$2,950,000

7944 Whipple Ave North Canton, OH 44720

High-yield industrial property, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 38,525-square-foot industrial property in North Canton, Ohio. The property boasts a strong 7.84% cap rate and a substantial net operating income (NOI) of $231,150. Currently 100% occupied under a triple-net (NN) lease with a publicly traded tenant, ensuring consistent cash flow through 2033 (9 years remaining). The property comprises two single-story buildings constructed in 1972, 1987, and 1989, situated on a 5.94-acre lot. The buildings feature ceiling heights ranging from 17 to 23 feet and are zoned I1. The tenant has made significant improvements to the property. Strategically located at 7944 Whipple Ave NW, North Canton, OH 44720 (Stark County), this asset offers convenient access to I-77 and is situated near the Canton-Akron Airport (CAK). Showings are available on Fridays only, following the execution of a Letter of Intent. The asking price is $2,950,000. APN: 1616263.

Highlights

  • Exceptional 38,525 SF industrial investment opportunity in North Canton, OH.
  • Strong 7.84% cap rate and $231,150 NOI.
  • 100% occupied by a publicly traded tenant under a triple-net lease through 2033.
  • Two single-story buildings (1972, 1987, 1989) on a 5.94-acre lot with 17-23' ceiling heights; I-1 zoning.
  • Convenient I-77 access near Canton-Akron Airport; Asking price: $2,950,000.

Property Details for 7944 Whipple Ave

Property type
Warehouses, Industrial properties
Square Feet
38,525 SF
Class
C
Buildings
2
Stories
1
Lot Size (sq. ft)
258,746 SF

Location Insight

City
North Canton
County
Stark
State
Ohio
Latitude
40.895907655361
Longitude
-81.425129570272

FAQs

What type of property is this?
Warehouse - High-yield industrial property, 100% occupied.
Where is the warehouse located?
The property is located at 7944 Whipple Ave North Canton, OH.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Exceptional 38,525 SF industrial investment opportunity in North Canton, OH.; Strong 7.84% cap rate and $231,150 NOI.; 100% occupied by a publicly traded tenant under a triple-net lease through 2033.
How can I contact the broker?
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7944 Whipple Ave
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