The Subject Property is a 5,000 SF industrial flex unit in Akron. The property is in close proximity to Route 8 and State Route 261. The warehouse is approximately 3,500 SF and is an open box with two dock doors in the rear. All of the units in the complex have 3 phase power and the ceilings are 16' clear in the warehouse. The warehouse was recently renovated with a fresh coat of paint, a new 10x10 drive in door in the front of the building, and new LED lighting.
The unit has 1,500 SF of office which was recently painted. The layout includes 7 private offices (including one with a window into the warehouse), an open area, a closet, and two restrooms. The warehouse features a slop sink and additional mezzanine storage above the office. There is Reznor heating throughout the warehouse.
The Subject Property is located in Akron in close proximity to Route 8 and State Route 261.
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.