4288 Armstrong BlvdBatavia, OH 45103

Property Details for 4288 Armstrong Blvd

Year built

1990

Lot size

7.38 AC

Property size (Sq ft)

150,279 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This Batavia, Ohio industrial property offers a compelling sale-leaseback opportunity. The 150,279-square-foot manufacturing and warehouse facility, built in 1990 and renovated in 2017, sits on a 7.38-acre lot at 4288 Armstrong Blvd, Batavia, OH 45103. Currently 100% occupied by a single tenant under an absolute triple-net (NNN) lease, the property boasts a strong 8.10% cap rate and a substantial net operating income (NOI) of $939,243. The asking price is $11,595,592. The lease features 2.0% annual rent bumps and flexible options including 4, 5-year or 2, 10-year terms. The building includes 13 loading docks and a 22-foot ceiling height. The tenant, with over 65 years of operating history, serves the aerospace and defense industries, specializing in assembly and precision components, having invested over $13 million in on-site manufacturing equipment. This mission-critical facility benefits from its location in the robust Cincinnati industrial market and offers long-term, secure income with no landlord responsibilities. The sale includes the existing tenant's lease.

Location Insight

City

Batavia

County

Clermont

State

Ohio

Latitude

39.0816

Longitude

-84.2165

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