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Industrial Property Sale, Credit Tenancy

Mission Capital Advisors, in conjunction with RealINSIGHT Marketplace, is pleased to present the sale of a 243,000 SF Industrial facility located in Massillon, Stark County, Ohio.

The property consists of one building on a 15.53-acre site located at the southeast corner of the intersection of Nave Road SE and Nova Drive SE in close proximity to the major interchange of US-30 and OH-21. The property contains a total of 243,000 sf that was constructed in 1995 and underwent major renovations in 2015.

The property is 100% occupied by A.R.E Industries, Inc. via a NNN lease through September 30, 2024 with four, 5-year extension options available.  A.R.E Accessories is owned by Truck Hero, Inc. (Moody's: B2) and utilizes the Property as its headquarters.

The property contains approximately five percent of finished office space within a two-story section of the building with the remaining space consisting of manufacturing/warehouse space which is served by 20 dock-high overhead doors.  The property was renovated in 2015 with some internal improvements to the restrooms, mezzanine area, and shop area.  The tenant has indicated they will be submitting plans for an addition to the structure that will increase square footage by approximately 30,000 SF.

The property is located in the Cleveland-Akron CSA between the major cities of Cleveland and Pittsburgh – an area commonly referred to as the “Steel City Corridor.” The CSA is the largest in Ohio with nearly 2.8 million residents and is home to seven Fortune 500 firms.

Sale Highlights:

  • Long-term tenant with current lease that runs through September 30, 2024 with four 5-year renewal options.  The tenant is owned by a credit-rated company and utilizes the space as its headquarters.
  • Prominent location near the major interchange of US-30 and OH-21, which connect the area to Pittsburgh and Cleveland.
  • Cleveland is home to several notable landmarks, including The Rock and Roll Hall of Fame, NASA’s Glenn Research Center, and The Great Lakes Science Center.
  • The area expects a 0.1% population increase, 10.3% household income increase, and a decrease in unemployment over the next five years, as reported by CBRE.
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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

400 Nave Road - Industrial Opportunity

400 Nave Road SE, Massillon, OH 44646

Asset Snapshot

  • Asset Type
  • Real Estate
  • Land Area
  • 15.53 Acres
  • Year Built
  • 1995
  • Year Renovated
  • 2015
  • Number of Floors
  • 2
  • Number of Buildings
  • 1
  • Parking Count
  • 269
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Jan 01, 2019
  • Industrial Type
  • Warehouse
  • Property Size
  • 243,000 Sq Ft
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Thomas Seaman

      Keller Williams Greater Cleveland

      License: #2007000016