In August of 2020, Emerald Creek Capital provided a $2,855,000 acquisition loan in Akron, Ohio. The loan is secured by a 45,540 square foot warehouse and office building currently leased to Amazon as a distribution center. Situated on a 7-acre site with 227 parking spaces, the subject property is climate-controlled and contains 21-foot ceilings, 8 grade-level doors and 2 drive-in doors. The subject property will operate in conjunction with a new 2.7 million square foot, four-story Amazon fulfillment center that is currently under construction in Southwest Akron. Akron is a city located south of Cleveland with a dense industrial area, home to facilities for well-known companies including Newell Rubbermaid, Georgia-Pacific, and others. The subject property is easily accessible by Interstate 76 and Ohio State Route 91.
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