20 Zischler St Springfield, OH 45504

Property Details for 20 Zischler St

Year built

1940

Construction

METAL FRAME

Lot size

2.38 lot acres

Property size

62,880 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

340-06-00005-324-001

APU

3400600005324001

Description

This exceptional Springfield, Ohio industrial property, located at 20 Zischler Street, presents a compelling investment opportunity. The 60,500 square foot warehouse boasts significant advantages, including well-below-market lease rates secured by a recently signed 10-year lease. The property features a substantial 10-ton crane, ideal for efficient material handling, and ample outside storage space, enhancing its operational versatility. The strong financial performance is underscored by an attractive 8.25% cap rate, making it an attractive addition to any portfolio. Annual property taxes are $19,075.92, and annual insurance premiums are $10,886. The property is situated in Clark County, Ohio, with the full address being 20 Zischler Street, Springfield, OH 45504. This warehouse offers a rare combination of size, functionality, and strong financial returns, making it an ideal investment for discerning buyers seeking a stable, high-yield asset in a desirable location. The long-term lease provides predictable income and minimizes vacancy risk. The combination of the crane, ample outdoor storage, and the favorable lease terms makes this property particularly attractive to a wide range of potential tenants. The asking price for this exceptional investment opportunity is $1,950,000.

Location Insight

City

Springfield

County

Clark

State

Ohio

Longitude

-83.8358

Latitude

39.9268

CBSA code

44220

CBSA name

SPRINGFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments