7944 Whipple AveNorth Canton, OH 44720

Property Details for 7944 Whipple Ave

Year built

1993

Construction

BRICK

Lot size

5.94 AC

Property size (Sq ft)

8,012 SF

Property type

Individual retail properties

APN

16-16263

APU

1616263

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,239,838

  6.5%

  $2,067,542

  7%

  $1,919,861

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,888,595

  Geo Method

  $1,888,595

• Alternative Use

  Use

  Valuation

  Residential

  $1,744,050

  Hospitality

  $1,597,540

  Educational

  $1,329,134

  Medical

  $1,374,846

  Retail

  $2,067,542

Location Insight

City

North Canton

County

Stark

State

Ohio

Latitude

40.8958

Longitude

-81.4232

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].