2913 Vera Way, Lima, OH 45805 (MLS# 220011982)

2913 Vera Way, Lima, OH 45805

$6,500,000

Property Type: Business Opportunity Lot Size (sq. ft.): 418,176 Status: Closed

Current Price: $6,500,000 List Date: 4/21/2020 Last Modified: 2/07/2025

Description

Final Phase construction on American Self Storage was Just completed Summer 2019 and occupancy has quickly reached 87% on this 106,050 SF Self Storage Property. The property has a lighted marquis sign, 2 electronic gates and is paved and fully fenced. Rates are below market and there are no administrative fees or tenant insurance program. Possible corner lot could be included for a much needed parking or climate control expansion. The property is located on a prime retail site by the Regal Cinema and is close to the Lima Mall, Downtown Lima, and The University of Northwest Ohio. Included in the sale is a high-traffic Pennzoil and 5-bay car wash with new credit card system for easy management. Drive By traffic counts are approximately 10,000+ cars per day.

Supplements: ********

More Information MLS# 220011982

Location & Property Info

City (Mailing Addr): Lima Corp LimitPerAuditor: Shawnee Location of business is:: Owned

Office/Contract Info

For Sale: Yes

General Property Info

Business Description: Self Storage Acreage: 9.6

Tax Info

Mult Parcels/Sch Dis: Yes Addl Parcel Numbers: 36341002033000 36341002032000 36341002031000 36341002029000 36341002028000 36341004022000 36341004023000 36341004021001 36341004020001 36341004020000 36341004019001 36341004019000 Taxes (Yrly): 2331 Parcel #: 36-34-10-02-034.000 Tax Year: 2019

Remarks & Misc

Property Description: Final Phase construction on American Self Storage was Just completed Summer 2019 and occupancy has quickly reached 87% on this 106,050 SF Self Storage Property. The property has a lighted marquis sign, 2 electronic gates and is paved and fully fenced. Rates are below market and there are no administrative fees or tenant insurance program. Possible corner lot could be included for a much needed parking or climate control expansion. The property is located on a prime retail site by the Regal Cinema and is close to the Lima Mall, Downtown Lima, and The University of Northwest Ohio. Included in the sale is a high-traffic Pennzoil and 5-bay car wash with new credit card system for easy management. Drive By traffic counts are approximately 10,000+ cars per day.

Income/Expenses

Gross Income: 553276.2 Net Operating Income: 387293.34 Total Expenses: 165982.86

Addl Acceptance Cond

None Known: 1

Bus Financial Info

From: 2019-01-01 Through: 2019-12-31 Gross Sales: 780821.52 Net Before Taxes: 452671.8

Auction Info

Auction/Online Bidding Y/N: No

MLS Primary PhotoSrc

Realtor Provided: 1

Location Property Info

Original List Price: 7000000 Sold Price: $6,500,000 Property Sub Type: Retail Street #: 2913 Street Name: Vera Street Suffix: Way County: Allen State: OH Zip Code: 45805 Township: American

OfficeContract Info

Status: Closed MLS Entry Date: 2020-03-26

Status Change Info

Under Contract Date: 2020-11-25 Sold Date: 2020-11-30 Sold Price: $6,500,000

Property Features

Addl Acceptance Cond: None Known MLS Primary PhotoSrc: Realtor Provided

Listing Office: SVN Wilson Commercial

Listing Agent: Kristen H Asman

Last Updated: February - 07 - 2025

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