Omega Morgan Leases 250020 Square Feet In Etna Ohio From CRG For Distribution Services
10300 Schuster Way
Building Size
250,020 SF
Asset Type
Industrial
Closing
Dec 3, 2024
AI
The property involved in this transaction is an industrial asset located at 10300 Schuster Way in Etna, Ohio. Omega Morgan has signed a lease for 250,020 square feet at The Cubes at Etna – Building D. The facility features 36-foot clear heights, 32 dock positions, and offers a 15-year tax abatement.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 10300 Schuster Way
- Market: Etna, OH
- Landlord: CRG
- Tenant: Omega Morgan
- Landlord's Representative: Joe Kimener - CBRE
- Tenant's Representative: Nicholas Tomasone - JLL
Joe Kimener, representing the landlord CRG through CBRE, facilitated the lease agreement with Omega Morgan, represented by Nicholas Tomasone of JLL. This agreement marks a significant step for Omega Morgan in establishing its distribution services at the new facility.
Etna Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93