Industrial – Springfield OH’s largest new building back on market

1000 Titus Rd. – industrial + office
Available as of 7/1/2009

O’Cedar headquarters + manufacturing

Completed in the spring of 2002 at a declared cost of $8.4 million, the new headquaters and manufacturing facility for O’Cedar was tailored to their needs.  First, it was in prime location – right at the I-70 and SR 41 interchange at the end of the PrimeOhio Corporate Park, where it also has great visibility along the interstate.  Second, the warehouse area was built with logistics and quality in mind – 30 docks and 2 drive-in doors were more than adequate to meet the high product volume and the 215 wall panels that make up this area are 39′ tall and almost 8″ thick, weighing 30 tons each.  Third, the office was designed to impress as it should for a corporate headquaters.  Two stories of office, each at 13,385 sf provides more than adequate space to run the business.  Beautiful wood accents throughout the office and a spiral staircase make a big impact.  Fifth, the exterior was upgraded to please the eye as well.  It was painted and given an accent color band around the facility as well as built with curved spandrel panels at the entrance.    

Two tenants in space since O’Cedar left; Miller Valentine aggressively seeking new tenant

I spoke with Gerry Smith of Miller Valentine, the main contact for leasing the space from the company that built the building.  He’s also teamed up with Curt Berlin from NAI Ohio Equities to get the word out about the building in the Columbus market in addition to Dayton and Cincinnati.  After O’Cedar left the building, a company by the name of Android Industries moved into half of the building in 2005.  That continued until December 2007, when the company closed its Springfield operation.  Then, the building was leased until earlier this year, when the lease agreement ended.  Accordingly, the building is now back on the market.  

Multiple options and incentives

Miller Valentine is willing to lease the entire building, half of the warehouse space, all of the warehouse space, or even just the office itself as well as sell it.  Gerry Smith is confident that for the right fit they will work hard to make a deal happen.  The Enterprise Zone tax exemption is still active on the building, and as it is located in the City of Springfield/Springfield Township CEDA, local incentives are also possible.  The City of Springfield is a strong supporter of business in this regard.

Property Data

   
Property Type: Industrial/Warehouse (323,000 sf)
Secondary Type: Office (27,100 sf)
Building Size: 350,100 sf
Total Space Avail: 350,100 sf (can be divided in half)
Annual Rent: $3.50/sf NNN (warehouse); $9.65/sf NNN (office)
Purchase Price: $11.95 million
Land Area: 34 ac
Year Built: 2001
Ceiling Height: 28′ clear to bar joist
Doors: 30 docks, 2 drive-in doors
Construction: Tilt up concrete w/structural steel
Expandable to: 430,100 sf total (another 80,000 sf)
   
Main R/E Agent: Gerry Smith
Agency: Miller Valentine
Email: Gerry.Smith@mvg.com
Phone: (937) 297-9398
   
R/E Agent – Columbus: Curt Berlin
Agency: NAI Ohio Equities
Email: cberlin@ohioequities.com
Phone: (614) 629-5221
   

>> Detailed ProCure report on building – http://bit.ly/mD6nL
>> Online profile of building – http://bit.ly/dwdtK
>> Description of construction/concrete – http://bit.ly/1wDAqc
>> Enterprise Zone agreement for the building – http://bit.ly/pWvDU
>> SNS article on Android closing, Navistar possibilities (11/2008) – http://bit.ly/OyM0w

>> Online profile of Gerry Smith’s team – http://bit.ly/txxe7
>> Online profile of agent Curt Berlin – http://bit.ly/11Q50v
>> Profile of O’Cedar (company it was built for) – http://bit.ly/B45Vi
>> Previous location of O’Cedar (1210 Kenton) – http://bit.ly/Yo9wI

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One Response

  1. […] expand the park. .• Spec Building 6 (2000) – Benjamin Steel purchases building at cost. • Miller-Valentine Building (2001) – Miller-Valentine builds 350,000 square foot facility for Vining/O’Cedar […]

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