The subject is a 30,000 SF free-standing industrial building in Enterprise Park, on Defiance's west side. It has been used for both warehouse and manufacturing purposes. The 12.86-acre property is located on a short-line rail, with the possibility of a spur. The property is located in a federal Opportunity Zone.
Defiance is a county seat and regional hub for manufacturing and industrial development on US 24 between Toledo and Fort Wayne. Defiance ranked 14th last year in Site Selection magazine's Top 100 Micropolitan Areas in the US. General Motors Powertrain, two Johns Manville plants, Mayville Engineering , Advanced Powder Coating, Keller Logistics and B&B Molded Products are here. TKI just opened a new plant, and First Quality Paper has started on a new $1 billion plant here.
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.
