Fabulous Commercial Retail Complex with 15.66% cap rate for immediate sale in Berlin, Ohio

[Molly Flanagan]

For sale is this fully rented, fabulous four-plex retail establishment in the heart of the world's largest Amish community, Berlin, Ohio.  Per the Holmes County Chamber of Commerce, Berlin is the Number 1 tourist attraction in the state of Ohio bringing in more than 4,000,000 tourists per year. 

 

The building was built in 2006 and there is a ten year warranty on all the heating and cooling units. The building is all brick, block and vinyl for low maintenance.  The building is two floors totaling - 12,760 square feet.   The parking lot is paved with plenty of parking for cars and buggies.  This is a prime retail location with lots of tourist traffic as well as local traffic.  Tourists and locals support the businesses throughout the year.

 

The building is 100% occupied and the tenants all have leases in place.  Two of the leases are new: one for a three year term and the other for a five year term, with a third tenant wanting to renew early.  The tenants are: Java Jo Coffee Bar, Coblentz Chocolates, Nature's Food Market and Artistic Alley.  This is a prime retail location in Berlin, Ohio which is the world's largest Amish community and the number one tourist site in all of Ohio. 

 

We are selling the building for $795,000.00.  We are also offering the adjacent commercial retail complex, which is also fully occupied, in conjunction with the sale of this complex for an additional $200,000.00.

 

4860 E. Main St. = $795,000.00

4854 E. Main St. = $200,000.00

Total Sale =           $995,000.00

 

Annual Income = $138,288.00

Yearly Property Taxes = $9,985.32

Yearly Property Insurance = $3,833.00

NOI = $124,469.68

CAP Rate = 15.66%

 

 

Please visit http://www.postlets.com/repb/6835891for further details and pictures of the property.

 

 

We have the rent roll and expense report available to serious, qualified buyers.

 

This is a fantastic investment to add to your portfolio.  You won't want to let this one slip away.

 

Please call Molly: 330-275-2327 or Johannes: 330-763-3269 with further questions and details.