555 E Tallmadge Ave, Akron, OH 44310

The Subject Property includes a 16,000 SF industrial building with frontage on East Tallmadge Avenue, a 52,369 SF industrial building that was converted to office, and 20.62 acres of land. The tenant, FedEx, occupies the entire 16,000 SF front building and 6,500 SF in the rear building. FedEx has been a tenant in the front building since 1989 and have options to extend their lease term through 2034. The rear building was originally an industrial building but was converted to an office environment when Roadway was a tenant. In the rear building, only 6,500 SF of the 52,369 SF can be considered industrial space as is. The large parking lot and 20+ acres of land offer expansion and redevelopment opportunities for an investor. Currently the property is grossing $141,876 annually and that is with only 12% of the rear building occupied. This is a value add opportunity for the right investor that is comfortable with FedEx as a long term tenant and is willing to take on a conversion project that has the potential to gross over $300,000 annually once fully leased.  « show less

The Subject Property includes a 16,000 SF industrial building with frontage on East Tallmadge Avenue, a 52,369 SF industrial building that was...  show more »