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902-914 N Cable Rd.

Lima, OH 45805
  • $1
  • STATUS: Active
  • ON SITE: 61 Days
  • MLS #: 206624
UPDATED: 22 min ago
$1
  • 0
    BEDS
  • 2.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 36,947
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

School District:

Description

Anchored by Dollar General, property is 87% occupied, 38,000+ SF shopping center. Long term tenants are in place, w/long term leases recently executed, thus proving their commitment even further. Almost all of the tenants have been at the building for more than 5 yrs. In the past few months, 4 tenants have renewed at or above previous rents. Over $500k has also been spent on capital improvements within the last year. That coupled with the recent NNN lease renewals, this property presents a perfect fit for a 1031 Exchange. Not only is this a proven asset w/a stabilized cash flow, but there is also a value-add opportunity present by filling the ~5,000 SF vacancy on the rear of the building &/ or executing rent increases. Capital improvements include, but are not limited to, installed a new roof w/ 15-year warranty, front parking lot was repaired, sealed, & striped, replaced rear parking lot asphalt w/brand new concrete, professionally painted all exttrim, facade repair.

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© 2021 West Central Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or CCR, Realtors. Data last updated: 2021-12-07T18:40:32.953.
www.ccrrealtors.com/homes/122146689
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902-914 N Cable Rd. Lima, OH 45805

  • Price: $1
  • Status: Active
  • On Site: 61 Days
  • Updated: 22 min ago
  • MLS #: 206624
0
Beds
0
Baths
0
½ Baths
2.44
Acres
36,947
SQFT
$0
$/SQFT
Neighborhood:
Lima
County:
Allen
Area:
Lima
School District:
Lima
Property Description
Anchored by Dollar General, property is 87% occupied, 38,000+ SF shopping center. Long term tenants are in place, w/long term leases recently executed, thus proving their commitment even further. Almost all of the tenants have been at the building for more than 5 yrs. In the past few months, 4 tenants have renewed at or above previous rents. Over $500k has also been spent on capital improvements within the last year. That coupled with the recent NNN lease renewals, this property presents a perfect fit for a 1031 Exchange. Not only is this a proven asset w/a stabilized cash flow, but there is also a value-add opportunity present by filling the ~5,000 SF vacancy on the rear of the building &/ or executing rent increases. Capital improvements include, but are not limited to, installed a new roof w/ 15-year warranty, front parking lot was repaired, sealed, & striped, replaced rear parking lot asphalt w/brand new concrete, professionally painted all exttrim, facade repair.
Property Features

Association Fee No Fema Flood Zone No Financial 1031 ExchangeCashSee Remarks Lease Type Not For Lease Sale Type Fair Market Zoning Commercial

Listing information © 2021 West Central Association of Realtors MLS
Listing provided courtesy of April Lane of Prodigy Properties



© 2021 West Central Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or CCR, Realtors. Data last updated: 2021-12-07T18:40:32.953.
 
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CCR, Realtors
1737 Allentown Road
Lima OH, 45805