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Working With The Big Guys

  • Weston purchased a 86,620sf multi-tenant facility with additional land in Twinsburg, Ohio, and quickly re-tenanted the units.
  • The original structure is a one story masonry and concrete block building on slab foundation built in 1968.
  • The cash on cash return was forecasted at 12%.
  • A 100,000 square foot spec building was constructed on the surplus land and within months the space was 100% leased, which was in excess of ini al projections.
  • The additional building was identified by Dr. Pepper Snapple Group as a key location for them.
  • Weston had to work quickly to move the current tenant to make room for a national credit tenant. It resulted in netabsorption of 100,000sf for Weston.
  • Today: We have two buildings with 186,620sf providing a healthy cash on cash return of 10.7% with remaining upside potential.