1360 Reimer Rd 21,000 SF Flex Building Wadsworth, OH 44281 $4,523,339 CAD ($215.40 CAD/SF)

New, 20 year lease as of July 1, 2025 with a "Fortune 10" company with a national footprint. This tenant has been leasing this property since 2010. The new 20 year lease is Four, 5 year terms with built in rent increases. Blended Cap Rate of 6.5%. The Tenant has the option to renew for each subsequent 5 year term. Major renovation in 2016. New interior renovations worth over $500,000 were just completed September 2025. Landlord responsibilities are the roof (new 2016), exterior walls and the asphalt parking lot surface.
The front section of the building is executive office space, restrooms, six large, open concept employee rooms and a large employee Lounge. The rear section of the building is a fully insulated, heated and cooled "warehouse-like" building with 16 foot ceilings, 1 large bay door, 3 additional bay doors that have been walled up but could easily be opened back up and a large mezzanine floor for storage. The property includes a large, automated diesel generator if there is a loss of commercial power. The building has extensive Security camera coverage. All exterior doors are locked 24 / 7 and can only be accessed with employee key cards.
The property is less than a mile to I - 76 and just minutes to I - 77 and I - 71.