618 Rockwell & 1708 Bolton

Industrial for Sale
Catylist Listing ID: 30030069
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 14,648 SF
Gross Building Area: 9,248 SF
Gross Land Area: 3.30 Acres
Sale Price: $425,000
Unit Price: $29.01 PSF
Ceiling: 24.3 ft. / 8 ft. Clear
Office SF: 1,328 SF
Drive In Bays: 2 Bays
Property Use Type: Vacant/Owner-User
Usable Size (USF): 14,648 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/28/2017

Overview / Comments

The following updates have been recently completed:
Rockwell was repainted and mortar joints were redone.
Rockwell and Bolton roofs were replaced within the past 5 years with asphalt shingles.
Windows in the warehouse have been replaced.
New furnace, air conditioning and water heater.

The office configuration includes 3 offices with a large open meeting room. 1 dry walled office in 1708 Bolton. No plumbing.

The shop (Rockwell) includes: Compressed air lines, back flow preventer, shop office break room and restroom. Mezzanine storage above the office. Additional mezzanine storage in the corner of the warehouse.

1708 Bolton is leased @ $1,000 per month plus electric on a month-to-month basis. They have been a tenant for approximately 1.5 years.

CTL Engineering completed the Phase 1 and Phase 2 of the property which is on file.
The lay down yard is completely fenced, secured and lit.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $4,905 (Annual)

Additional Details

Nearest MSA: Findlay
County: Hancock
Taxing Authority: Hancock County
Tax ID/APN: 610000335690
Zoning: I-1 LIGHT INDUSTRIAL
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Roof Type: Other
Construction/Siding: Block, Metal Siding, Steel Frame
Exterior Description: Block, brick and metal
Parking Type: Surface
Parking Description: Asphalt lot in front, unstriped gravel lot in rear
Overhead Cranes: 1
Sprinklers: None
Heat Type: Natural Gas
Zoning Description: I-1 Light Industrial
Lot Frontage: 161.58
Lot Depth: 160
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,800 38,987 50,720
Median Age: 32.2 35.82 37.85
Households: 4,427 16,241 20,889

Source

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