Manufacturing Facility with High-Bay
600 E Chestnut, Orrville, OH 44667
For Sale
New
Contact for pricing
The industrial campus combines substantial production capacity with a leased portion and rail adjacency.
Property Size349,694 SF
Lot Size58.58 Acres
Price / SF$45.04
Days on Market2
Property Features for 600 E Chestnut
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Clear Height
Drive-In Doors
Power
Voltage
Three-Phase Power
Additional Details
Outdoor Storage
Tenant in Place
Property Use
Listing Agency:
CBRE | Akron
(330) 670-4444
Listed By:
Dean Bacopoulos
(330) 495-9800
Source:
Moodyscre
Added: Nov 12
Last Checked: Nov 12 at 2:50PM
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 CBRE | Akron
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Investment Insights
Based on property information with market context.
This manufacturing property comprises approximately 349,694 square feet across two parcels totaling 58.58 acres. Building clearances range from 12'11" to a 62-foot high-bay area, with 32+ dock doors, 22 drive-in doors and 28 overhead cranes. Electrical service includes four 1,600-amp, 480V three-phase feeds, supported by a 638-kW emergency generator. Other site features include LED lighting, extensive compressed-air systems and more than 800 parking spaces.
The property is located in Orrville, Ohio, with rail adjacency and potential siding access. The campus is also described as having regional connections to major highways. A portion is leased to JLG through 2028, providing an existing occupancy component alongside the facility’s manufacturing and warehousing improvements.
The property is located in Orrville, Ohio, with rail adjacency and potential siding access. The campus is also described as having regional connections to major highways. A portion is leased to JLG through 2028, providing an existing occupancy component alongside the facility’s manufacturing and warehousing improvements.
Key Highlights
- Approximately 349,694 square feet on 58.58 acres across two parcels
- Clear heights from 12'11" to a 62‑foot high‑bay section
- 32+ dock doors, 22 drive‑in doors and 28 overhead cranes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,436,961
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$28,739,220
$28.7M
Cap Rate 7%
$20,528,014
$20.5M
Cap Rate 9%
$15,966,233
$16.0M
Market Conditions
NOI Build-Up for 349,694 SF
Gross rent
$2.24M $6.41/SF
− Vacancy
−$188.7K −$0.54/SF
EGI
$2.05M $5.87/SF
− OpEx
−$615.8K −$1.76/SF
NOI
$1.44M $4.11/SF
Area
Wayne County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$28,739,220
Cap Rate 7%
$20,528,014
Cap Rate 9%
$15,966,233
Alternative Uses
Best Use
Warehouse
$24.93M
$21.81M – $29.08M
NOI $1,744,881 @ 7.0% cap · market cap 11.08%
Second Best
Industrial
$20.53M
$17.96M – $23.95M
NOI $1,436,961 @ 7.0% cap · market cap 9.12%
Theoretical Best
Multifamily LT 5
$255.58M
$223.64M – $298.18M
NOI $17,890,867 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
62 ft
Clear height
22
Drive-in doors
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
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Business Placement
Demographics for 44667, OH
13,723
Population
5,381
Households
2.6
Avg Household Size
39
Median Age
25%
College-Educated
88%
High-School Grad
44.7 sq mi
ZIP Area
307
Density / Sq Mi
$72,402
Median Household Income
$41,792
Median Earnings
$852
Median Rent
$196,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - The industrial campus combines substantial production capacity with a leased portion and rail adjacency.
Where is this manufacturing property located?
The property is located at 600 E Chestnut Orrville, OH.
What is the asking price?
The asking price for this property is $15,750,000.
What are key features of this property?
This property features: Approximately 349,694 square feet on 58.58 acres across two parcels; Clear heights from 12'11" to a 62‑foot high‑bay section; 32+ dock doors, 22 drive‑in doors and 28 overhead cranes
