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400 S Stone St 245,000 SF Industrial Building Fremont, OH 43420 $17,791,022 CAD ($72.62 CAD/SF) 7.75% Cap Rate



Investment Highlights
- Long-Term NNN Lease with Contractual Rent Growth
- Triple-net lease structure, with tenant responsible for all operating expenses and maintenance, resulting in minimal landlord involvement
- In-place rental rate is below prevailing market levels, providing an attractive basis and preserving future income growth potential Established Tier-1
- 12 years of remaining lease term with 3.0% annual rent escalations, delivering predictable, growing cash flow and inflation protection
- Durable income stream supported by a mission-critical manufacturing tenant with long-term operating commitment to the facility
- Auria is a global Tier-1 automotive supplier serving major OEMs across multiple platforms and vehicle programs
Executive Summary
Matt Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
| Price | $17,791,022 CAD | Lot Size | 9.88 AC |
| Price Per SF | $72.62 CAD | Rentable Building Area | 245,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.75% | Year Built | 1998 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Opportunity Zone |
Yes
|
| Building Class | B |
| Price | $17,791,022 CAD |
| Price Per SF | $72.62 CAD |
| Sale Type | Investment |
| Cap Rate | 7.75% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 9.88 AC |
| Rentable Building Area | 245,000 SF |
| No. Stories | 1 |
| Year Built | 1998 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Manufacturing
- -
- -
- -
IAC Group est un fournisseur mondial de premier plan qui crée des environnements qui inspirent les gens grâce à un design élégant, des idées audacieuses et une exécution précise. Chez IAC, ils croient que les environnements dans lesquels nous vivons, travaillons et nous déplaçons ont de l'importance. Ils s'efforcent de créer le meilleur de la technologie intelligente et durable avec précision et rapidité, en alliant un design élégant à des idées audacieuses et une ingénierie experte. Animés par une curiosité constante, ils cherchent de nouvelles façons de faire avancer les gens et trouvent leur force dans leur communauté diversifiée et créative, où chacun a sa place et où les grandes idées prennent vie.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Manufacturing | - | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,250,115 CAD | |
| Land Assessment | $103,179 CAD | Total Assessment | $1,353,294 CAD |
Property Taxes
Presented by
400 S Stone St
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