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7568-7584 Whipple Ave NW 58,574 SF 100% Leased Industrial Building Canton, OH 44720 $4,428,460 CAD ($75.60 CAD/SF) 8% Cap Rate
Executive Summary
Building falls in the City of North Canton and Jackson township, which is one of the most desired neighborhoods and locations, and has no city income tax and presents a good advantage for occupants. Buyer to independently verify the tax status. 3 units, multiunit tenancy, safe investment. 31800sqft (28000 sqft main space and 3800 sqft mezzanine office space) occupied by Suarez Corp. 12000 sqft is occupied by tenant Microplex. Warehouse has 20ft ceilings and 20% is office space. All HVAC systems were recently upgraded. In 2019, a new roof was installed for a section covering 28,000 square feet. The Gross Rent is $367,821/year or almost 30,700/month making it a GRM of only 8.8. $NNN rent /NOI is $260,523/year leading to a cap rate of 8.0% at asking price. HIGH SECURITY DEPOSIT OF $115,826 ON FILE CEDED TO BUYER ON PURCHASE. LOW RISK INVESTMENT.
Property Facts
| Price | $4,428,460 CAD | Rentable Building Area | 58,574 SF |
| Price Per SF | $75.60 CAD | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built/Renovated | 1974/2019 |
| Cap Rate | 8% | Parking Ratio | 1.37/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 18’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 12 |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 3.66 AC | Cross Streets | Strausser Ave |
| Zoning | LtInd - I-1 Industrial District. | ||
| Price | $4,428,460 CAD |
| Price Per SF | $75.60 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 8% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.66 AC |
| Rentable Building Area | 58,574 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1974/2019 |
| Parking Ratio | 1.37/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 12 |
| No. Drive In / Grade-Level Doors | 1 |
| Cross Streets | Strausser Ave |
| Zoning | LtInd - I-1 Industrial District. |
Amenities
- Security System
- Air Conditioning
Utilities
- Water - City
- Sewer - City
- Heating - Gas
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 01609187 | Improvements Assessment | $681,507 CAD |
| Land Assessment | $308,183 CAD | Total Assessment | $989,689 CAD |
Property Taxes
Parcel Number
01609187
Land Assessment
$308,183 CAD
Improvements Assessment
$681,507 CAD
Total Assessment
$989,689 CAD
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Presented by
Sandeep Gupta
7568-7584 Whipple Ave NW
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