- For Sale Subject To Offer
- Property Type Industrial - Manufacturing
- Property Size 206,536 SF
- Lot Size 12.3 Acre
- Property Tenancy Multi-Tenant
- Date Updated Jan 18, 2024
- HVAC None
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Highlights
- 100% occupied complex with strong upside
- Below Market Rents
- Significant upside in income with several tenants paying below market rents and are on MFG lease structures
- Long term historical occupancy of partial tenant base
- Consistent below market vacancy rate
- Limited “time-on-market” when vacancy occurs
- Exceptional alternative for multiple mid-size, value conscience, qualified users with a genuine requirement and limited alternatives.
- Well maintained for its age - asset consistently improved based upon specific tenant requirements.
- Going forward upside as new construction cost continues to increase, lease rates increase and demand for this product type continues to grow as the supply decreases.
- Forty-eight percent (48%) of the tenancy have been at the property since 2015; twenty percent (20%) of the tenancy have been at the property since 2012 with one tenant since 1993.
- Fifty-six percent (56%) of the tenancy is warehousing and forty-four percent (44%) of the tenancy is manufacturing.
False
Contacts
Location
Getting Around
-
Walk Score ®
27/100
Car-Dependent
-
Transit Score ®
32/100
Some Transit
-
Bike Score ®
21/100
Somewhat Bikeable
- City Cleveland, OH
- Neighborhood Puritas-Longmead
- Zip Code 44135
- Market Cleveland Akron
Points of Interest
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Puritas
2.02 miles
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West Park
2.39 miles
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Brookpark
2.68 miles
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Triskett
2.87 miles
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West 117th–Madison
3.46 miles
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Airport
3.54 miles
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West Boulevard–Cudell
3.91 miles
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West 65th–Lorain (Eco-Village)
4.21 miles
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West 25th–Ohio City
5.52 miles
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Settlers Landing
6.16 miles
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Shell
0.66 miles
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Sheetz
0.74 miles
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BP
0.93 miles
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Speedway
0.97 miles
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Sam's Club
0.99 miles
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Marathon
1.04 miles
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Texaco
1.43 miles
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Sheetz
1.50 miles
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Speedway
1.71 miles
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BP
1.79 miles
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KeyBank Parking Garage
0.35 miles
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West Park RTA Station Parking
2.43 miles
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Public Parking
2.73 miles
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Walgreens Parking
2.75 miles
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Bar Parking
2.77 miles
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Triskett RTA Parking
2.84 miles
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Kamms Corner Parking
2.92 miles
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Fairview Hospital Parking Lot
3.07 miles
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Fairview Hospital Parking Garage
3.10 miles
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Blue Lot
3.29 miles
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Mr. Hero
0.37 miles
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Pizza Planet
0.38 miles
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Buffalo Wild Wings
0.58 miles
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El Palenque
0.60 miles
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Big Boy's
0.61 miles
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Carrabba's Italian Grill
0.62 miles
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Panera Bread
0.65 miles
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Cracker Barrel
0.67 miles
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Bob Evans
0.68 miles
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TGI Friday's
0.70 miles
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Gordon Food Service
0.71 miles
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Aldi
0.79 miles
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Coast Guard Exchange
0.98 miles
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Walmart Supercenter
1.04 miles
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Save-A-Lot
1.06 miles
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Marc's
1.63 miles
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Marc's
1.74 miles
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Ross
1.81 miles
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TJ Maxx
1.82 miles
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Giant Eagle
1.89 miles
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Walgreens
0.94 miles
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CVS Pharmacy
1.09 miles
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MetroHealth Parma Medical Office
1.54 miles
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1st District Police Station
1.58 miles
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Lake Effect Health
1.71 miles
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CVS Pharmacy
1.78 miles
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Cleveland Clinic Family Medicine
1.86 miles
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Ohio Renal Care Group
1.94 miles
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Brooklyn Police Department
2.00 miles
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Fire Station Number 33
2.11 miles
Frequently Asked Questions
What is the total square footage of Multi-Tenant Industrial Investment Opportunity?
Multi-Tenant Industrial Investment Opportunity totals 206,536 square feet.
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