Hello all,

Summary: Minutes from John Glenn International Airport and located between the rapidly developing Intel site to the east and Anduril’s operations to the west. The building appears to be well-maintained and offers an excellent location for long-term stability, making it an attractive fit for investors seeking a property with both strong fundamentals and prime regional positioning.

Key Terms

• Purchase Price: $1,700,000
• Leaseback: 5 Yr $12,000/month Absolute NNN (tenant covers taxes, insurance, utilities, and maintenance)
• Escalations: 2% annually over 5 years
• Buyback Option: Owner may repurchase at $1,800,000 in Year 1, or $1,800,000 ± market adjustment thereafter

Investor Metrics:

• Average Annual Cashflow: ~$150K
• CoC Yield: 8.8% (Higher if leveraged)
• Equity Multiple: 1.53x over 5 years
• IRR: ~10.2

Asset Class: Industrial/ Flex

Sqft: 9000

Lot Size: 1 Acre

Sub Market Vacancy Rate: 3.2%

Other Specs

Docks1 extDrive Ins1 tot./9' w x 11' h

Construction SteelBuilding 

Ht14' Clear Height 12' Sprinklers. Wet

Feel free to reach out with any questions.