10160 Philipp PkwyStreetsboro, OH 44241

Property Details for 10160 Philipp Pkwy

Year built

1995

Lot size

5.50 AC

Property size (Sq ft)

57,400 SF

Property type

Retail properties

Property subtype

Retail space

APN

35-013-00-00-001-001

APU

350130000001001

Description

This exceptional 57,662-square-foot industrial property, located at 10160 Philipp Pkwy in Streetsboro, Ohio, 44241, is a single-tenant manufacturing and warehouse facility built in 1995 and extensively renovated in 2019. The building boasts impressive features including a ceiling height ranging from 25'4" to 28', making it ideal for various industrial uses. Loading and unloading is efficient with two recently installed truck docks equipped with levelers and four 14'x14' drive-in doors serving two drive-through bays. The property also features a heavy crane facility with six cranes available, ranging in capacity from 10 to 35 tons, offering 20' of clear height under the hook. The approximately 6,200-square-foot office space is also recently renovated. The building sits on an 8-inch thick floor, providing a robust foundation. Its strategic location offers easy access to major transportation arteries, being just half a mile from the I-480 interchange and one mile from the Ohio Turnpike. Furniture, fixtures, and equipment may be available for purchase. This property presents a rare opportunity to acquire a well-maintained, highly functional industrial space in a prime Streetsboro location.

• CAP approach

  CAP return

  Valuation

  6%

  $16,046,766

  6.5%

  $14,812,399

  7%

  $13,754,371

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,530,374

  Geo Method

  $13,530,374

• Alternative Use

  Use

  Valuation

  Residential

  $12,494,813

  Hospitality

  $11,445,182

  Educational

  $9,522,257

  Medical

  $9,849,742

  Retail

  $14,812,399

Location Insight

City

Streetsboro

County

Portage

State

Ohio

Latitude

41.2653

Longitude

-81.3725

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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