American Showa | Distribution & Assembly Facility

Property Description

Situated on a 26.8-acre site within the Rickenbacker Global Logistics Park in Columbus, Ohio, the Property consists of a 304,560-square-foot, single-story, Class A, distribution and assembly facility leased in its entirety to American Showa, Inc. through March 31, 2025. American Showa, Inc. is a wholly-owned subsidiary of SHOWA Corporation, a Japan-based manufacturer of high-performance automotive, motorcycle, and outboard suspension systems. With 2014 annual revenue in excess of $2.65 billion and over 12,600 employees worldwide, SHOWA Corporation is a leading global manufacturer and supplier of shock absorbers, propeller shafts, power steering systems, differential gears, pumps, gas springs, drive-unit products, and outboard marine engine components for automotive, motorcycle, marine, and all-terrain vehicle manufacturers worldwide.

Business Essential Attributes

The Property was constructed in 2014 as a build-to-suit for American Showa, Inc. and serves as American Showa’s sole distribution warehouse for various two- and four-wheeled vehicle parts. American Showa distributes its shock absorbers to every Honda and Harley-Davidson motorcycle manufacturing plant in the United States and to select facilities in Canada and Mexico. American Showa relocated and consolidated its imported component distribution operations, previously housed in three facilities throughout Ohio, into the Property in order to achieve operational efficiencies and reduce operating costs in their supply-chain.

The Property is centrally located between American Showa’s Sunbury, Ohio and Blanchester, Ohio manufacturing plants and is strategically located to service customers’ manufacturing plants throughout the United States, Mexico, and Canada. The Property is located less than one mile from Norfolk Southern Intermodal Facilities in a designated "Loaded-to-Capacity Container Zone", within which fully-loaded, over-weight containers are allowed to be transported directly from the intermodal yard to the Property without any special permits. American Showa receives over 1,000 shipping containers annually, and the Property’s location proximate the intermodal has resulted in reduced delivery times, transportation and drayage cost savings, and lower inventory carrying costs.

Additional Property Information

In addition to serving as a key distribution center, the Property also houses numerous light assembly operations. The building is expandable to 431,460 square feet. The expansion area, located to the east of the building, is pad-ready and can accommodate a 126,900-square-foot building expansion with 103 car parking spaces or a trailer-parking expansion to accommodate 146 trailers. The area to the south of the building is designed for future trailer parking for 42 trailers, and the area to the northwest of the building can accommodate 53 additional car parking spaces. Further, the building was designed for the addition of 20 additional dock doors, which would increase the total number of dock doors from 30 to 50.

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American Showa | Distribution & Assembly Facility

Columbus, Ohio

PROPERTY AT A GLANCE

Property Type: Distribution & Assembly Facility
Square Footage: 304,560

Leased: 100%
Lease Expiration: March 31, 2025
Renewal Option(s):
Two, 5-year renewal options at fair market value
Rent Increase(s):
2.0% annual rent escalations
Tenant: American Showa, Inc.
Parent: SHOWA Corporation
Tenant Website: www.amshowa.com
Parent Website*: www.showa1.com/en/
TYO (Tokyo Stock Exchange)*: 7274
*Website and stock ticker symbol are for SHOWA Corporation, the parent company of the tenant.

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THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN. AN OFFERING IS MADE ONLY BY THE PROSPECTUS. THIS SALES AND ADVERTISING LITERATURE MUST BE READ IN CONJUNCTION WITH THE PROSPECTUS IN ORDER TO UNDERSTAND FULLY ALL OF THE IMPLICATIONS AND RISKS OF THE OFFERING OF SECURITIES TO WHICH IT RELATES. A COPY OF THE PROSPECTUS MUST BE MADE AVAILABLE TO YOU IN CONNECTION WITH THIS OFFERING. NO OFFERING IS MADE TO NEW YORK RESIDENTS EXCEPT BY A PROSPECTUS FILED WITH THE DEPARTMENT OF LAW OF THE STATE OF NEW YORK. NEITHER THE SECURITIES AND EXCHANGE COMMISSION, THE ATTORNEY GENERAL OF THE STATE OF NEW YORK NOR ANY OTHER STATE SECURITIES REGULATOR HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMINED IF THE PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. AN INVESTMENT IN GRIFFIN CAPITAL ESSENTIAL ASSET REIT II, INC. INVOLVES A HIGH DEGREE OF RISK AND THERE CAN BE NO ASSURANCE THAT THE INVESTMENT OBJECTIVES OF THIS PROGRAM WILL BE ATTAINED. 

Risk Factors: An investment in Griffin Capital Essential Asset REIT II, Inc. involves a high degree of risk and there can be no assurance that the investment objectives of this program will be attained. Some of the risks associated with this offering include the following: this is a “best efforts” offering and some or all of our shares may not be sold; no public market currently exists for our shares; it may be difficult to sell your shares, and if you do, it will likely be at a substantial discount; the purchase and redemption price for shares of our common stock will be based on the NAV of each class of common stock; we must depend on our advisor to conduct our operations; we will pay substantial fees and expenses to our advisor; there are substantial conflicts of interest among us and our sponsor, advisor, dealer manager and property manager; we may use substantial debt to acquire our properties; we may fail to continue to qualify as a REIT; our share redemption program is subject to available liquidity and other significant restrictions and we may amend, suspend or terminate the share redemption program at any time; a portion of the offering proceeds may be used to redeem or repurchase our shares; and future distribution declarations are at the sole discretion of the board of directors and are not guaranteed. We may fund a portion of our distributions from offering proceeds or from borrowings in anticipation of future cash flows, some or all of which may be a return of capital. 

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Please Accept

The Griffin Capital Essential Asset REIT II, Inc. website is available for use subject to its Terms and Conditions and our Privacy Policy. Please click on the highlighted terms to review these. To review a summary of the risk factors related to an investment in the Griffin Capital Essential Asset REIT II, Inc. program  click here.

This material must be read in conjunction with the applicable prospectus in order to understand all the implications and risks of any offering of securities to which the material relates. If you have not previously reviewed a prospectus, click here. Otherwise, to proceed, agree to the Terms and Conditions and Privacy Policy of this website.

THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN. AN OFFERING IS MADE ONLY BY THE PROSPECTUS. THIS SALES AND ADVERTISING LITERATURE MUST BE READ IN CONJUNCTION WITH THE PROSPECTUS IN ORDER TO UNDERSTAND FULLY ALL OF THE IMPLICATIONS AND RISKS OF THE OFFERING OF SECURITIES TO WHICH IT RELATES. A COPY OF THE PROSPECTUS MUST BE MADE AVAILABLE TO YOU IN CONNECTION WITH THIS OFFERING. NO OFFERING IS MADE TO NEW YORK RESIDENTS EXCEPT BY A PROSPECTUS FILED WITH THE DEPARTMENT OF LAW OF THE STATE OF NEW YORK. NEITHER THE SECURITIES AND EXCHANGE COMMISSION, THE ATTORNEY GENERAL OF THE STATE OF NEW YORK NOR ANY OTHER STATE SECURITIES REGULATOR HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMINED IF THE PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. AN INVESTMENT IN GRIFFIN CAPITAL ESSENTIAL ASSET REIT II, INC. INVOLVES A HIGH DEGREE OF RISK AND THERE CAN BE NO ASSURANCE THAT THE INVESTMENT OBJECTIVES OF THIS PROGRAM WILL BE ATTAINED. 

Risk Factors: An investment in Griffin Capital Essential Asset REIT II, Inc. involves a high degree of risk and there can be no assurance that the investment objectives of this program will be attained. Some of the risks associated with this offering include the following: this is a “best efforts” offering and some or all of our shares may not be sold; no public market currently exists for our shares; it may be difficult to sell your shares, and if you do, it will likely be at a substantial discount; the purchase and redemption price for shares of our common stock will be based on the NAV of each class of common stock; we must depend on our advisor to conduct our operations; we will pay substantial fees and expenses to our advisor; there are substantial conflicts of interest among us and our sponsor, advisor, dealer manager and property manager; we may use substantial debt to acquire our properties; we may fail to continue to qualify as a REIT; our share redemption program is subject to available liquidity and other significant restrictions and we may amend, suspend or terminate the share redemption program at any time; a portion of the offering proceeds may be used to redeem or repurchase our shares; and future distribution declarations are at the sole discretion of the board of directors and are not guaranteed. We may fund a portion of our distributions from offering proceeds or from borrowings in anticipation of future cash flows, some or all of which may be a return of capital.