Industrial Space Overview
This warehouse is a 100,000 square foot, recently renovated property located at 401 South Jefferson Street. It boasts a BB/Stable rating from S&P and is strategically situated near major metropolitan areas. The property offers excellent building condition, with half of the roof redone at the beginning of the current lease term and the second half currently being renovated. The roof renovation, which replaced concrete and asphalt sections, cost over $100,000 last year. The asphalt area was also completely repatched in Fall 2021. The long-term, passive income opportunity comes with an NN lease where the landlord is responsible for the roof, structure, and parking lot, and includes annual rental increases in the base term and both renewal options. The mission-critical location makes it an ideal site for any business. The warehouse has easy freeway access, is centrally located between Pittsburgh, PA, and Cleveland, OH, and has other national tenants nearby. With its corner lot location, visibility from four different streets, and three entry points, it offers exceptional accessibility.
