Maximizing Industrial Property Value in Ohio’s Heartland
In the competitive landscape of commercial real estate, identifying opportunities for value creation is paramount. M Square Commercial (MSC) recently demonstrated its expertise in industrial land brokerage by facilitating a strategic M-1 zoned land sale disposition in Ashland, Ohio.
This case study explores how our team leveraged local market insights and cross-state collaboration to transform excess industrial acreage into a prime commercial development opportunity, demonstrating our ability to navigate complex transactions and deliver exceptional results for our clients.
Light Industrial Land Sale Project Overview: Ashland, OH
The Ashland transaction represents a prime example of MSC’s ability to identify and capitalize on unique opportunities in the industrial real estate market. Here are the key details of this successful project:
- Location: Ashland, Ohio
- Transaction Date: January 22, 2024
- Property Size: 1.148 acres
- Zoning: M-1 Zoned Land Sale – Light Industrial District
- Seller: HUTTON
- Buyer: Take 5 Oil Change
- Consultant: M Square Commercial
- Property Origin: Excess land from Modwash development
Navigating Industrial Real Estate Complexities of M-1 Zoned Land Sale
Industrial real estate transactions often present unique challenges that require specialized knowledge and expertise. In the case of the Ashland project, MSC demonstrated its ability to overcome multiple obstacles and create value for all parties involved. Our team’s approach to navigating these complexities included:
- Conducting a thorough analysis of the excess land’s potential within M-1 zoning constraints
- Developing a strategic plan for land subdivision to maximize marketability
- Identifying and targeting suitable commercial end-users for the property
- Overcoming cross-state licensing limitations through strategic partnerships
- Managing the intricate process of property subdivision and rezoning
By addressing these challenges head-on, MSC was able to transform a potentially underutilized asset into a valuable commercial property, showcasing our expertise in industrial land brokerage and consulting.
M Square Commercial’s Industrial Land Brokerage Expertise
As consultants in this industrial real estate transaction, MSC brought a wealth of knowledge and experience to the table. Our role in the project extended far beyond simple brokerage, encompassing a wide range of valuable services that ultimately led to a successful outcome.
We leveraged our expertise to:
- Analyze industrial zoning regulations to maximize property potential
- Recognize Take 5 Oil Change as an ideal buyer for the light industrial parcel
- Leverage our extensive network to overcome licensing limitations in Ohio
- Coordinate with local brokers to ensure compliance and seamless deal execution
Our comprehensive approach to industrial land brokerage enabled us to create value at every stage of the transaction, from initial property assessment to final closing.
Strategic Ashland OH Land Disposition Key Outcomes
The successful disposition of this industrial land parcel yielded significant benefits for all stakeholders involved. By carefully aligning the interests of the seller, buyer, and local community, MSC was able to create a win-win scenario that maximized value and fostered economic development.
Key outcomes of the transaction include:
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For HUTTON (Seller): Monetization of surplus industrial property, optimizing their real estate portfolio and freeing up capital for core business activities.
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For Take 5 Oil Change (Buyer): Acquisition of a prime M-1 zoned location for their new facility, enabling expansion into a strategic market.
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For Ashland: Enhanced local economic development through new commercial activity, potentially creating jobs and increasing the local tax base.
This successful outcome underscores MSC’s ability to identify and capitalize on hidden value in industrial real estate assets, creating opportunities where others might see challenges.
Industrial Real Estate Disposition Process for M-1 Zoned Land Sale
At MSC, we believe that a systematic and thorough approach is key to successful industrial real estate transactions. Our process for the Ashland project exemplifies this philosophy, encompassing every aspect of the deal from initial analysis to final closing.
Our comprehensive industrial land brokerage approach involved:
- Industrial Property Analysis: We began with a detailed assessment of the excess land, considering factors such as zoning regulations, market demand, and development potential.
- Commercial End-User Identification: Through market research and leveraging our industry network, we identified Take 5 Oil Change as an ideal prospective buyer for the industrial-zoned land.
- Land Subdivision Strategy: We managed the complex process of subdividing the property to create a marketable 1.148-acre parcel, working closely with local authorities to ensure compliance with all regulations.
- Cross-State Brokerage Collaboration: Recognizing the need for local expertise, we partnered with Hanna Commercial Real Estate to navigate Ohio-specific real estate laws and market dynamics.
- Industrial Land Sale Negotiation: Our team facilitated productive discussions between HUTTON and Take 5 Oil Change, ensuring that both parties’ interests were met, and a mutually beneficial agreement was reached.
This methodical approach allowed us to overcome potential obstacles and drive the transaction to a successful conclusion, demonstrating the value of MSC’s expertise in industrial real estate consulting.
Measurable Outcomes in M-1 Zoned Land Sale Industrial Property Transactions
The Ashland transaction yielded concrete results that highlight MSC’s effectiveness in industrial real estate consulting. Our efforts resulted in:
- Successful disposition of 1.148 acres of M-1 zoned land, transforming excess property into a valuable asset
- Timely development of the site, with Take 5 Oil Change opening its new facility on August 16, 2024
- Creation of 2.46 acres of additional developable land, now listed with local brokers for future opportunities
These outcomes not only benefited our immediate clients but also contributed to the overall economic development of the Ashland area, showcasing MSC’s ability to create value on multiple levels through strategic industrial land brokerage.
Leverage Our Industrial Real Estate Expertise
The Ashland case study demonstrates MSC’s capacity to navigate M-1 zoned land sale and complex industrial real estate transactions and deliver exceptional results. Whether you’re looking to optimize your industrial property portfolio, find the ideal location for business expansion, or explore light industrial development opportunities, M Square Commercial offers the specialized knowledge and network to guide you through the process.
Contact us today to maximize the value of your industrial real estate assets (702) 291-8537.
Let M Square Commercial be your trusted partner in navigating the complex world of industrial and commercial real estate transactions. Our expertise can help you maximize the value of your property assets and achieve your strategic business objectives.