Industrial    

Cold Jet & International Paper

 Loveland, Ohio

Asking Price

$12,500,000

Cap Rate

7.68%

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Lot Size

32.239 AC

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Year Built | Ren

1995 | 2022

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GLA

160,846 SF

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Population (5-Miles)

114,496

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Avg HHI (3-Miles)

$176,162

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • In-Market Relocation | Loveland, Ohio has been the home to Cold Jet, LLC since its start in 1988. Global headquarters for Cold Jet, LLC plus manufacturing operations.
  • Strong Corporate Tenants | International Paper has a long operating history and offers investment grade credit. Cold Jet, LLC has been experiencing double-digit, year-over-year growth for several years. Cold Jet invented modern dry ice technology and holds the original patent for modern dry ice blasting equipment plus more than 250 patents worldwide.
  • Full Renovation | Over $10 million in improvements by Tenants. Additional Landlord improvements. 10-year White Hat restore roof system installed to 65,000 SF in 2022.
  • Vacancy Upside | Approximately 13,000 SF available for a third Tenant. Potential LOI for vacant space (Contact Broker for details).
  • New Leases | New 11-year Lease for Cold Jet, LLC.  New 7-year Lease for International Paper.

Exclusively Listed By

Ryan Roedersheimer

Senior Vice President
  ryanr@northmarq.com      513.504.4046
OH #BRKA.2021000840

Patrick Metz

Associate Vice President
  pmetz@northmarq.com      513.906.5397
OH #SAL.2007001635

Brett Puckett

Associate Vice President
  bpuckett@northmarq.com      513.906.8211
OH #SAL.2019005993

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