This 93,000 SF building was built in 1950. It was constructed from concrete and masonry and the building sits in the heart of the revitalized growth area just outside of the core of downtown Dayton, 1 block south of the river and two blcoks east of The Dayton Dragons(Cincinnati Reds minor league team) baseball stadium.

The building has 5 stories plus a basement that has a ramp access for parking. This building was built as a General Motors warehouse to serve the factory that once sat to the north. Most recently is was used for document storage. The building has floors that were built of 13 inches of solid concrete and rebar and pillars which provide a staibilty to a building structure that would be difficult a financial challenge to re-create in today's econoimic environment.

The building has a working 15-ton Otis freight elevator which has been maintained on a quarterly basis by the Otis Elevator company.

The building currently has 5 office spaces rented on the first floor along with 7 additional tenents with space rented on 2 or 3 year leases. In addition there is a conference room on the first floor for off-site meetings and events. The first floor also has a space that gets many requests for events due to the exposed brick and pillars.

The 3rd floor has 68 indoor storage units which are 63% occupied. The building also has 3 loading docks in the back with ample space for loading and unloading.

The property has 2 aquifer's beneath. These aquifer's are significant for the opportunity for geothermal HVAC throughout the building. The buildings directly west and northwest of our building (there are 4 altogether) have a geothermal pump-and-dump system.

Within 3 blocks of the building are new construction apartments and condos known as The Water Street Apartments and next door to that is a former Delphi warehouse which was converted to apartments (The Delco Lofts) and condos in 2017. Those approximately 250 units are currently 98% occupied.

Since that time ground was broken 2 blocks directly west (1 block east of Fifth Third Field) for 100 units of luxury apartments. Directly across the street to the north of this building there is a plan to revelop the levy to meet the new compliance standards and create the area access to the river for kayaking/canoing as well as access to the bike path. This area currently known as Tech Town Dayton has also been given the name Webster Station Landing following a November 2017 meeting of The Miami Conservancy, The Downtown Dayton Partnership, Five Rivers Metro Parks and several other organizations.

This area is a growth area for Dayton. Since the adoption of Tech Town Dayton the City has spent more than $30 million toward the total cost of acquisition, environmental remediation, infrastructure and construction.

Current monthly revenue from tenant and storage rent is $11,120. Coffee Shop net revenue each of the past 10 months was an additional $2,700.

The building has a dry sprinkler system throughout with a new compressor unit and a Sonitrol Fire Reporting System installed in 2017.

Annual taxes are $14,316 and are current.