Buckeye Shapeform, Industrial Sale Leaseback

555 Marion Rd, Columbus, OH
Deal Type:
Sale Leaseback
Price:
$4,032,506
Cap Rate:
8.00%
Current Rent:
$322,600
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-year options
Building Sq. Ft.:
75,906 SF
Rent Increases:
2% Annually
Site Size:
3.18 Acres

Investment Highlights

  • Commitment: Long-term absolute NNN lease with 2% annual rent increases
  • Below Replacement Value: At $53/sqft, this asset is priced significantly below replacement value. 
  • Mission-critical facility:  With long term operational history, Buckeye Shapeform has been operating at this exclusive and singular location for over one hundred years.
  • Dynamic Growth Phase: Strategic plans to upgrade equipment in order to meet  extensive current backlog, positioning the company for continued expansion
  • Company Investment: The company has invested $5 million in property at this site underscoring their strong commitment and dedication to this particular location.
  • Company’s Resilience:  Buckeye Shapeform’s diverse clientele across high-impact industries spanning in critical sectors such as military/defense, medical and oil/gas has allowed the company to thrive for a century. 
  • Strategic Location: Situated off State Route 104, this building is located in a pivotal logistical hub. With the advantage of being within a one-days drive to 48% of the country’s corporate headquarters, it offers unparalleled accessibility, making it an optimal location for logistical operations.
  • MSA Ranks #1: Columbus, Ohio ranks first among large metros in the Midwest for population and job growth, and it’s one of the fastest growing cities in America.

Listing Agents

Dorothy Lee

Vice President
626 236 3823
[email protected]
phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Scott Reid | ParaSell, Inc. | [email protected] | Lic #OH-REC.2020005946

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