1502 12th St SW
Canton, OH 44706

Reduced: 100% Occ., Indust Bldg|$17/SF|10.06% CAP The Cooper Commercial Investment Group has been exclusively retained by ownership to sell the 100% fee simple interest in the Prospect Business Center, a 223,997 S.F. industrial warehouse and manufacturing facility optimally located just off I-77 in Canton, Ohio. With highway visibility from I-77 and close proximity to the property upon exiting the freeway, the building is positioned in the ideal corridor for its mix of tenants. The featured property is centrally located with access to either I-77 or Route 30 surrounded by a manufacturing corridor. Prospect Business Center is being offered for $3,975,000, representing a 10.06% CAP Rate and high 17.55% projected year-1 cash-on-cash return. With the low price per square foot asking price ($17), the property offers upside potential with excess land for development/parking and rents at the low end of the market, but with stability at 100% occupancy. Canton is the county seat of Stark County in northeastern Ohio, approximately 24 miles south of Akron and 60 miles south of Cleveland. Canton is well connected to the Interstate Highway System. Several highway exits from Interstate 77 (0.1 mile from property with 65,000+ VPD) connect travelers from South Carolina and southern points to Cleveland, Ohio. Two limited-access highways serve Canton; US 30 (0.2 miles from property with 45,000+ VPD) heads east across northern Ohio via Mansfield and Canton. After several upgrades, it is now a four-lane divided highway from the Indiana state line to Canton with controlled-access freeway sections between Van Wert, Delphos, Bucyrus, Mansfield, Massillon and Canton. Several local highway exits from U.S. Route 62 connect travelers to Canton from Columbus and from Youngstown, Ohio. U.S. 62 enters Ohio from Kentucky, crossing the Ohio River and Route 62 leaves Ohio near Hubbard and enters Pennsylvania near the interchange for Interstate 80. The Akron-Canton Airport is located less than 10 miles north of the property and draws travelers from Cleveland, Youngstown, Pittsburgh, Columbus and other nearby cities to the Canton market.