Single-Tenant NNN Industrial Facility REO Sale | Bidding Opens: March 4th

400 Nave Road SE Massillon, OH 44646

400 Nave Road SE, Massillon, OH, 44646
400 Nave Road SE, Massillon, OH, 44646 400 Nave Road SE, Massillon, OH, 44646
FOR SALE Auction Property
Property Type:
Industrial
Amount:
$4,000,000
Last Verified:
Feb 05, 2019

Investors have the opportunity to acquire a 243,000 SF Industrial facility located in Massillon, Stark County, Ohio through online CRE auction platform, RealINSIGHT Marketplace.

 

The property contains approximately five percent of finished office space within a two-story section of the building with the remaining space consisting of manufacturing/warehouse space which is served by 20 dock-high overhead doors.  The Property was also recently renovated in 2015 with some internal improvements to the restrooms, mezzanine area, and shop area.

 

The Property:

  • 100% leased through September 2024 with four 5-year renewal options
  • Prime location near the major interchange of US-30 and OH-21, which connects the area to Pittsburgh and Cleveland
  • The area expects a 0.1% population increase, 10.3% household income increase, and a decrease in unemployment over the next five years

 

 

 

To learn more, visit: http://bit.ly/2D3B58n


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Map of 400 Nave Road SE, Massillon, OH, 44646

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.