102 N Sundale Rd, Norwich, OH 43767

Property Details for 102 N Sundale Rd

Year built

1999

Lot size

1.52 lot acres

Property type

Flex space

APN

66-16-01-27-000

APU

66160127000

Description

This exceptional investment opportunity presents a 150,000-square-foot industrial warehouse portfolio situated on approximately 22 acres in Norwich, Ohio. The property, comprised of four buildings, boasts eight dock-high doors and ceiling heights ranging from 16 to 42 feet, ideal for warehousing and distribution. A significant portion (approximately 62%) is currently leased to an industrial tenant under a triple-net (NNN) lease extending through 2029, with two five-year renewal options featuring rent increases, ensuring stable income for an owner-user or investor. The property includes two residential properties and several outbuildings, adding to its versatility. The site features ample parking (approximately 100 spaces), a robust 5,000-gallon-per-day private sewage treatment plant designed for a significant workforce and limited manufacturing, a backup natural gas generator and UPS system for essential services, and monitored fire and security systems. Electrical infrastructure includes two 400-amp feeds to building 3 and one to building 4, with spare conduit for future power expansion. The asking price is $5,250,000, representing an attractive 8.5% capitalization rate. Detailed financials are available upon request. This property offers a unique blend of income-producing assets and significant expansion potential.

Location Insight

City

Norwich

County

Muskingum

State

Ohio

Longitude

-81.7943

Latitude

39.9824

CBSA code

49780

CBSA name

ZANESVILLE, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments