37062 Hocking Drive Logan Logan, OH 43138
Five-building industrial complex with operational welding business, machinery, and shop equipment included.
Property Features for 37062 Hocking Drive Logan
General Information
- Standard status
- Active
- Size
- 18,944 SF
Listing office (614) 660-5959
Listing date Jul 12, 2026
Source Movenowohio
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Neil (Tony) Mason
Investment Insights
Based on property information with market context.
Located in Logan, Ohio, the property is described as having excellent access to major regional transit routes, supporting efficient movement of materials in and out of the buildings.
The configuration provides multiple production spaces, along with office and secure storage, making it well-suited for an operating manufacturer or for a buyer seeking an equipment-inclusive setup from day one.
Key Highlights
- Industrial complex on 2.0 acres with 5 buildings and total building area of 18,944 SF
- Includes the fully operational Logan Welding business, plus equipment, materials, and shop inventory
- Sale includes commercial‑grade machinery and shop equipment, including heavy‑duty press brakes and welding rigs
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $413.7k | $21.84 |
| − Vacancy | −$99.3k | −$5.24 |
| EGI | $314.4k | $16.60 |
| − OpEx | −$94.3k | −$4.98 |
| NOI | $220.1k | $11.62 |
