4288 Armstrong Blvd Batavia, OH 45103
- Warehouses
- 150,279 SF
- 7.38 lot acres
Current Use by Public Records
- American Micro Products Inc. / Manufacturer
Property Details for 4288 Armstrong Blvd
- Year built
- 1990
- Lot size
- 7.38 lot acres
- Property size
- 150,279 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This Batavia, Ohio industrial property offers a compelling sale-leaseback opportunity. The 150,279-square-foot manufacturing and warehouse facility, built in 1990 and renovated in 2017, sits on a 7.38-acre lot at 4288 Armstrong Blvd, Batavia, OH 45103. Currently 100% occupied by a single tenant under an absolute triple-net (NNN) lease, the property boasts a strong 8.10% cap rate and a substantial net operating income (NOI) of $939,243. The asking price is $11,595,592. The lease features 2.0% annual rent bumps and flexible options including 4, 5-year or 2, 10-year terms. The building includes 13 loading docks and a 22-foot ceiling height. The tenant, with over 65 years of operating history, serves the aerospace and defense industries, specializing in assembly and precision components, having invested over $13 million in on-site manufacturing equipment. This mission-critical facility benefits from its location in the robust Cincinnati industrial market and offers long-term, secure income with no landlord responsibilities. The sale includes the existing tenant's lease.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Batavia
- County
- Clermont
- State
- Ohio
- Longitude
- -84.2165
- Latitude
- 39.0816
