Property Location: 21 Janney Road, Dayton, Ohio
21 Janney Road is a 45,000 square foot building, formerly crane served and only contained drive-in doors. This limited the ability to lease the property only to users who didn’t require docks. Additionally, the site lacked circulation given the property boundary was small for the size of the building. Although the site had its challenges as it sat, the building offered a number of positive attributes including ceiling height, column spacing and access to and from Interstate 75.
Simultaneously with identifying the opportunity, Midwest Properties approached an existing tenant who had a nearby location but wanted to relocate to a larger facility and do so in a short amount of time to due to an existing lease expiration. Unfortunately, while the building was the right size and location, the site and functionality didn’t work for their business model. Rather than move on, Midwest Properties aimed to solve the issues necessary to make the property a viable option for its tenant. Through implementing our expertise, we were able to assemble multiple pieces of property making the site large enough to enable outdoor storage, established a relationship with a neighboring property owner and created an easement generating multiple points of access, giving delivery trucks better circulation to and from the building, and installed a dock door which was necessary to accept deliveries into the building on a regular basis. In addition to the above, the building underwent a total renovation including, new office buildout, interior and exterior paint, LED lighting, grinded and polished warehouse floors, and more. Ultimately, we were able to help solve our Tenant’s issue and executed a 10-year lease. 21 Janney marks the second location for this Tenant, and we continue to work together looking for additional expansion opportunities into other markets.
