Park Avenue

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Park Avenue

Ashtabula, OH 44004
Asking Price
$1.50M
Asset Type
Industrial
Class
Class B

What's Special

Massive structural block and heavy masonry envelope offering superior physical security and thermal <p><strong style="color: rgba(0, 0, 0, 1)">Acquisition Basis Under $10/SF:</strong><span style="color: rgba(0, 0, 0, 1)"> Offered at just $9.43 per gross square foot ($1,500,000), delivering an exceptional equity cushion significantly below modern physical replacement costs.</span></p><p><strong style="color: rgba(0, 0, 0, 1)">±158,982 GSF High-Load Core:</strong><span style="color: rgba(0, 0, 0, 1)"> Multi-story heavy masonry and steel-framed structure uniquely suited for heavy equipment placem

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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179

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