Mohlman partnered with Doug Eastham of the Dayton-based Kerry Group Properties and local businessman Ashwin Narayan, who owns a flooring company and several UPS stores. Mohlman said they plan to turn four of the floors into indoor storage units.
Roughly 320 units are expected to go into the property. Mohlman said as empty-nesters move downtown, there is an increased need for storage in the area.
According to online records, there’s about 70,000 square footage of warehouse and a 5,000-square-foot office space on the first floor.
The investors said that space would work well for a company that needs both office space and an area for a laboratory or warehouse. Mohlman said the basement will be used for classic car storage, since the basement has a garage entrance.
Both the units and the car storage will have security cameras and other features to protect clients’ property.
The listed price online is $325,000, but the Dayton Daily News has not yet confirmed the finalized sales price. The building is located near The Entrepreneurs Center, and Mohlman said the group has other future plans in the works after they get working on this property.
He said they would like to work on putting a pharmacy and a UPS store downtown.
“There are people who want to make this town better,” he said. “I have a feeling these buildings are going to fill up pretty quick.”
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