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1871 Henn Pky 53,360 SF Industrial Building Warren, OH 44481 $10,368,750 CAD ($194.32 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Ideal building for a data center
  • Fully sprinkled
  • Class A Facility
  • High power

EXECUTIVE SUMMARY

Class A facility with high density sprinklers
6 docks with levelers + 1 drive-in door
5T bridge crane
8-12” thick floors + 24-30’ ceilings
Within 1,000 yards of Ultium Cells and FoxConn
LOCATION: Lordstown, Ohio. Immediately adjacent to Lordstown Energy Center, a 950Mw Combined Cycle Natural Gas Turbine (CCGT) power plant. It is within 200 yards of and adjacent to the Trumbull Energy Center, a 950Mw CCGT power plant to be operational in early 2026. A 345 KVa transmission line crosses near the rear of subject property, that will additionally be fed from TEC. Access to this 345Kva power line will be made available in this offering. There are additional circuits within eyesight for redundant power.
THE BUILDING: A 53,360 SF building built in 2007 for vinyl extrusion operation. It is fully sprinkled, and built to dissipate heat. Has a dock side that opens to a large concrete truck receiving area, building could easily be added to in this area. The site is 15ac. There is adequate open land to build at least another 50,000SF building if desired. Building currently has 480V 3ph 2000A service, full Village municipal water/sewers. The street is serviced by Lordstown Water for LEC and a second source of municipal water will be nearby to cool TEC. There is more than ample water to cool a data center.
THE OFFERING TODAY: The building is currently leased to a construction company building TEC, expecting to be completed in early 2026. Construction company will vacate when TEC is completed. The construction company is currently paying $55,000/mo. lease plus property taxes and utilities. Lease income will transfer to buyer for duration.
TIMING IS EVERYTHING: Buyer can take control of the building during the tenancy of the construction company.
Buyer can: Receive rental income
Design and build substation needed to receive power from 345 KVA lines
Enter into a wholesale power purchase agreement with TEC or LEC for data center. Under Ohio (and PJM) Laws/Rules, power MUST be purchased through the grid, there will be no direct connection to either TEC or LEC
Possibly work with construction company to design/build any desired addition to building as their need for the building space wanes.
There is sufficient space next to building to build another 100,000+SF for additional data center.
All of the above functions will easily take 18+ months, therefore buyer has benefit of minimizing dead income during construction of infrastructure.

PROPERTY FACTS

Price $10,368,750 CAD
Price Per SF $194.32 CAD
Sale Type Investment or Owner User
Property Type
Industrial
  • Flex Light Manufacturing
  • Industrial Warehouse
  • Flex Telecom Hotel Data Hosting
Building Class B
Lot Size 15.00 AC
Rentable Building Area 53,360 SF
No. Stories 1
Year Built 2006
Tenancy Single
Parking Ratio 1.12/1,000 SF
Clear Ceiling Height 30’
No. Dock-High Doors/Loading 6
No. Drive In / Grade-Level Doors 1
Zoning Industrial

AMENITIES

  • 24 Hour Access
  • Signage
  • Yard

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
45-904158
Land Assessment
$132,613 CAD
Improvements Assessment
$1,341,152 CAD
Total Assessment
$1,473,765 CAD
  • Listing ID: 32501679

  • Date on Market: 2024-07-18

  • Last Updated:

  • Address: 1871 Henn Pky, Warren, OH 44481

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