Leased Investment Warehouse For Sale

104 Lee Dr. Lodi, OH 44254

104 Lee Dr., Lodi, OH, 44254
104 Lee Dr., Lodi, OH, 44254 104 Lee Dr., Lodi, OH, 44254 104 Lee Dr., Lodi, OH, 44254 104 Lee Dr., Lodi, OH, 44254 104 Lee Dr., Lodi, OH, 44254 104 Lee Dr., Lodi, OH, 44254 104 Lee Dr., Lodi, OH, 44254 104 Lee Dr., Lodi, OH, 44254 104 Lee Dr., Lodi, OH, 44254
FOR SALE
Property Type:
Factory
Amount:
$975,000
Last Verified:
Aug 31, 2024

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Highlights

  • Total SF of Warehouse: 34,400 SF
  • Total Acreage: 1.74 Acres
  • Price Per SF: $28.34 SF
  • Cap Rate: 9.52%
  • (2) Truck Docks and (5) Drive-in Doors
  • 14 FT Ceiling Clears Throughout
  • Lease Through March 1st, 2027 at $7,740/MO NNN ($2.70 SF)
  • 5 Year Option to Extend at $8,600/MO NNN ($3.00 SF)
  • Highway Access: 3.8 miles to I-71/OH-83 Interchange
  • Annual Real Estate Taxes: $11,488.64
  • Year Built 1959
  • Seller is willing to guarantee the initial lease through 2027

Description

104 Lee Drive is a 34,400 SF building on 1.74 acres with a long term tenant in place since 1995. The village of Lodi established a comprehensive plan with the goal to preserve the small town atmosphere that the Village of Lodi offers; they are promoting quality commercial and industrial growth.

Just off Bank Street (RT 421) in the City of Lodi. Close Proximity to I-71. Neighboring properties include Idol Automotive and Bailey Mfg.


Year Built: 1959
Building Size: 34400sq ft
Lot Size: 1.74 acres


Documents

Sale Brochure

Map of 104 Lee Dr., Lodi, OH, 44254

Presented by:
Gerspacher Real Estate Group

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Troy Gerspacher


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