September 3, 2019 – Avison Young has been awarded the exclusive sale listing for a 311,000-square-foot (sf) single-tenant light manufacturing facility at 3535 Kettering Boulevard in Moraine, OH, in the Dayton industrial market. The building is 100% leased on a long-term basis to Harco Manufacturing Group, a global automotive parts supplier that is a subsidiary of China-based Qingdao Sunsong Co. LTD.
Principals Erik Foster and Mike Wilson, leaders of Avison Young’s national industrial capital markets group and based in the company’s Chicago office, are working in conjunction with Principal John Moysey, also based in Chicago, to represent the seller, Kettering Woodbine.
“This is a mission critical facility for the tenant, which has invested considerable capital into the facility and has plans to remain long-term,” Foster says. “Given the strength of the tenancy and the strategic Midwest location, we expect this asset to attract a wide range of investors.”
Founded in 1976 as a warehousing, distribution, and quality inspection center for local General Motors divisions, Harco has grown into a global Automotive Tier I and Tier II supplier of a variety of products. The company uses the facility as its U.S. headquarters for distribution and quality inspection of its brake hose assemblies, hydraulic brake hose end fittings, and transmission oil cooler hoses.
Built in 1971, 3535 Kettering Boulevard has 30-foot clear height ceilings, 15 recessed truck docks with levelers and two overhead drive-in doors for distribution use, as well as nearly 2,000 square feet of office space.
The Dayton industrial market is at the crossroad of the Midwest, offering tenants proximity to major transportation and distribution networks, the CSX and Norfolk Southern railroads, international airports, and an affordable workforce. Businesses can distribute goods to a significant portion of the U.S. and Canadian population within a 500-mile radius of Dayton.