Sachs Cos Secures $5 Million Loan For 220,000 Square Foot Industrial Facility In North Canton

The property asset involved is a 220,000-square-foot industrial facility located at 5353 Lauby Road in North Canton, OH. The total loan amount secured for this property is $5 million, with the financing specifically arranged to support its ongoing operation. The asset is currently occupied by the Ferrero subsidiary, Harry London Candies.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,000,000
• Landlord: Sachs Cos
• Market: North Canton, OH
• Brokers: Allison Villamagna, Andrew Stewart & Dev Morris - Cronheim Mortgage
• Asset Size: 220,000 SF
• Loan Structure: Fully amortized over six years

Key individuals involved in this transaction include the brokers Allison Villamagna, Andrew Stewart, and Dev Morris, who represent Cronheim Mortgage in securing the leasehold financing. The loan was arranged specifically for an affiliate of Sachs Cos, emphasizing their role in facilitating this financing deal.