GA Keen Realty Advisors Markets Income Producing Class A Industrial Facility in Ohio
GA Keen Realty Advisors Markets Income Producing Class A Industrial Facility in Ohio
-Property is partially leased with approximately $250,000 in annual rental income-
NEW YORK--(BUSINESS WIRE)-- GA Keen Realty Advisors, the real estate division of Great American Group, Inc. (OTCBB: GAMR), has been exclusively retained by The Antioch Company, LLC d/b/a Creative Memories to market and sell the company's former headquarters in Yellow Springs, Ohio through a bankruptcy sale process.
The 95,062 square-foot building features 66,574 square-feet of warehouse and 26,823 square-feet of office space. There are currently two tenants leasing a combined total of 20,555 square-feet producing annual rental income of approximately $250,000.
"This property represents an excellent opportunity for both users and investors," said Matthew Bordwin, Co-President of GA Keen Realty Advisors. "From a user's perspective they can offset the cost of operating the facility with the existing rental income and investors will be looking to not only benefit from the current rental stream but from the upside to be realized in connection with leasing the remainder of the facility."
Located at 888 Dayton St., the property is less than 20 miles northeast of Dayton and just minutes from Interstate 70 and Interstate 675. The property features six dock-height loading doors, one drive-in door and numerous climate-controlled meeting and conference rooms. Built in 1975 and renovated in 2000, the building has clear ceiling heights of 12 to 28 feet. The facility is located on a 12.47-acre site in an area zoned for light industrial use with 191 parking spaces.
The property is being marketed as part of a bankruptcy sale and stalking horse proposals are currently being accepted. As such, interested parties are encouraged to act immediately.
For more information about the property, contact Matthew Bordwin at 646-381-9222 or at mbordwin@greatamerican.com.
About GA Keen Realty Advisors, LLC
GA Keen Realty Advisors, located in New York, provides real estate analysis, valuation and strategic planning services, brokerage, M&A, auction services, lease restructuring services and real estate capital market services. For more information about GA Keen Realty Advisors, call (646) 381-9222 or visit http://www.greatamerican.com/keen.
About Great American Group, Inc. (OTCBB: GAMR)
Great American Group is a leading provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services for an extensive array of companies. A trusted strategic partner at every stage of the business lifecycle, Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets. The company has in-depth experience within the retail, industrial, real estate, healthcare, energy and technology industries. The corporate headquarters is located in Woodland Hills, Calif. with additional offices in Atlanta, Boston, Charlotte, N.C., Chicago, Dallas, Melville, N.Y., New York, Norwalk, Conn., San Francisco, London, Milan and Munich. For more information, call (818) 884-3737 or visit www.greatamerican.com.
Great American Group
Michelle Kahan, Director of Marketing
818-884-3737
mkahan@greatamerican.com
or
Mulberry Marketing Communications
Christina Bereta, Account Executive
312-664-1532
cbereta@mulberrymc.com
KEYWORDS: United States North America California New York Ohio
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