700 B.f. Goodrich RdMarietta, OH 45750

Property Details for 700 B.f. Goodrich Rd

Year built

1947

Lot size

60.84 AC

Property size (Sq ft)

385,070 SF

Property type

Industrial properties

Property subtype

Manufacturing properties

Description

This exceptional sale-leaseback opportunity presents a 385,070-square-foot manufacturing facility situated on a 60.84-acre lot in Marietta, Ohio. The property, built in 1947 with minor updates in 2024, boasts 17 loading docks and 4 dock-high doors. Currently operating at 100% occupancy, the property offers a substantial 20-year absolute triple-net lease with a strong 8.10% cap rate and attractive 2.5% annual rent bumps. Lease options include four 5-year terms or two 10-year terms. The tenant, a market leader in polymer-based plastic sheet and film products, has made significant investments in on-site machinery and equipment, highlighting the property's mission-critical role in their operations. The property's strategic location provides convenient access to local rail, facilitating efficient material delivery and receiving. Ample land provides potential for future expansion. The asking price is $16,876,525, with a net operating income (NOI) of $1,366,999. This is a compelling investment opportunity offering significant long-term returns and stability. The address is 700 B.F. Goodrich Rd, Marietta, OH 45750.

Location Insight

City

Marietta

County

Washington

State

Ohio

Latitude

39.4502

Longitude

-81.4657

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