Page 2 - 621 Dana St NE - Proposal
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PREPARED FOR Ted Bloom Property Location Multi Tenant ABOUT
YOU
Industrial
Owner
2 Star Industrial
621 Dana Street NE
Paul Fridley
Warehouse
Partner Warren, OH 44483 Manufacturing
MARKET INTELLIGENCE TELLS US...
ASSETS LIKE THIS TRADE AT:
1 2 3
14.0% CAP RATE 10.0% C 10.0% CAP RATE
9.00% CAP RATEAP RATE
$1,791,316 $14,505,522 $2,507,843 $3,469,061
CURRENT PURCHASE PRICE5-7 YEAR TERM 75% STABILIZED
$7.35 PSF $10.29 PSF $14.24 PSF
$250,784 NET OPERATING INCOME
FINANCIAL OVERVIEW
PROPERTY DETAILS - INDUSTRIAL PROPERTY DETAILS - CONTINUED
Address 621 Dana St NE, Warren, OH 44483 Doors - Drive-in 4 12'x16'
Building Square Foot 243,600 Lease Type Mod-Gross
Ceiling Height 25'-40' Tenant Responsibilities Utilities
Building Type 2 Star Industrial Warehouse/Manufacturing Landlord Responsibilities All Except Utilities
Building Class C Lease Bumps None
Tenant Name Multi (6) Option Periods 1
Parcel Size 12
Construction Type Concrete
Roof Polyurethane Modified Acrylic Roof Coating
COMPARABLE TRADES
3710 Hendricks Rd 225 Wetmore Ave SE 2151 Scranton Rd
Youngstown, OH Massillon, OH 44646 Cleveland, OH 44113
Rentable SF: 300,000 Rentable SF: 130,380 Rentable SF: 200,000
Price: $2,500,000 Price: $975,000 Price: $900,000
Price Per SF: $8.00 Price Per SF: $7.00 Price Per SF: $5.00
Cap Rate: 14.40% Cap Rate: --- Cap Rate: ---
Tenant: Multi Tenant: Owner/User/Tenant Tenant: Developer
Sale Date: 9/7/2018 Sale Date: 4/1/2019 Sale Date: 3/16/2018
GIVING YOU THE GUIDANCE TO MAKE AN INFORMED DECISION
