Case Study #1:
Comprehensive Building and Site Revitalization
Property Location: 2850 Needmore Road, Vandalia, Ohio
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Midwest Properties takes pride in the level of detail and consistency it delivers to its tenants. We acquire every building with the intent of implementing our long-term hold approach maximizing both value and life of an asset. Midwest completes nearly $10 million in construction annually leaving no stone unturned during the process. 2850 Needmore Road is only one of our 160+ buildings that properly represent our design and construction capabilities. We not only renovate what exists, but we extract a property’s maximum functionality while also creating a fun design to modernize every building we own. Doing what is right for the property always takes precedence over cost.
2850 Needmore Road suffered from severe deferred maintenance over a period of several years, however, its location being only a quarter of a mile off of I-75 on a corner lot with high visibility and traffic counts made it a diamond in the rough. Proving to be a more difficult acquisition due to its environmental hurdles, we were able to help the seller through the process and acquire it as a clean site. The property has been fully leased and is currently undergoing a complete renovation including the following:
- Demolition of the interior of the building including a steel mezzanine, removal of former cranes and associated structural additions.
- The addition of two docks at the rear of the building allowing access for 53’ truck and trailers
- A complete redesign of the façade of the building bringing a modern feel
- Expansion of the site allowing outdoor storage capacity and better overall site circulation
- Replacement of the roof
- Construction of new office
- Painting the warehouse walls and ceilings
- Grinding and polishing warehouse floors
- Installing new LED lighting throughout
- New dock doors and seals
- Painting the exterior
- New windows and doors
- New HVAC throughout