Industrial    

American Plastics

 Bucyrus, OH

Asking Price

$12,007,920

Cap Rate

6.75%

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Mission Critical

Location

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Year Built

1996

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Lease Term

10 Years

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Avg HHI

$65K (5-Mi)

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Square Feet

200,132 SF

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At-Market Rents

Annual Increases

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INVESTMENT HIGHLIGHTS

  • MISSION CRITICAL LOCATION | 200 Crossroads Blvd serves as the sole distribution facility for container products manufactured out of Sycamore, OH 18 miles to the Northwest. This facility distributes to American Plastics' Home Depot, Lowe's and Walmart contracts nationwide.
  • COMMITMENT TO LOCATION | Tenant recently signed a new 10-year lease.
  • OPPORTUNITY TO PURCHASE SIGNIFICANTLY BELOW REPLACEMENT COST | Opportunity to purchase at approximately $70 per square foot.
  • AT-MARKET RENTS WITH STRONG ANNUAL INCREASES
  • FORMERLY USED AS A HEAVY MANUFACTURING FACILITY | Property is currently wired for heavy manufacturing usage. Former tenant was Bucyrus Precision Tech, an automotive manufacturer of vehicle transmissions.
  • 10 YEARS REMAINING ON ROOF WARRANTY | Recent repairs made to the roof with approximately 10 years remaining on the warranty.
  • RECENT TENANT COMPANY AQUISITION | In July of 2022, Highview Capital, LLC closed on the sale of American Plastics, LLC to purchaser US Merchants and Oaktree Capital. 

Exclusively Listed By

Jeff McKinney


  Contact Broker   
Lic. #BRK.2016002560

Northmarq

5749 Park Center Court
Toledo, OH 43615


northmarq.com