Map of Property

WABTEC (NYSE:WAB) Absolute NNN Industrial/Manufacturing

4677 Manufacturing Road, Cleveland, OH 44135

  • For Sale $3,150,000
  • Property Type Industrial - Manufacturing
  • Property Size 41,081 SF
  • Lot Size 1.9 Acre
  • Year Built 1962
  • Date Updated Jan 12, 2024
  • HVAC None
The subject property was built in two separate phases (1962, 1988) and comprises 41,081 SF, of which 3,370 SF is allocated to office space. The property has been meticulously maintained over the years and has seen significant and ongoing upgrades, including a new roof replacement on the entire building in 2019. The property is located in an industrial park that is currently 98% occupied and less than 1 mile from the Cleveland Hopkins International Airport, Cleveland International Exposition Center and the NASA Glenn Research Center. The site also has irreplaceable access to major thoroughfares I-480 and I-71, two of the most heavily trafficked highways in all of Ohio. WABTEC recently executed a lease extension that extends its lease through July of 2027. This same operation has been operating at this location since 1975 and has spent more than $350,000 in its own funds in recent capital improvements.

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Attachments

Highlights

  • Decades long occupant WABTEC (NYSE: WAB) recently exercised 5-year extension
  • Absolute NNN Lease, no Landlord obligations
  • Corporate Guarantee by WABTEC – current credit rating of “BBB-” by Fitch and $17B market capitalization value
  • Located less than one mile from Cleveland International Airport, NASA Glenn Research Center and Cleveland IX Center
  • Recent upgrades include complete roof replacement in 2019, brand new HVAC system in 2018 and restrooms and common area, office space will be completely renovated this year
  • Industrial Park currently 98% occupied
  • Tenant has spent more than $350,000 of its own funds on capital improvements and also occupies a 90,000 sf adjacent building

Contacts

broker

Dan Lariccia

Passov Real Estate Group

(440) 669-1109

Location

Getting Around

  • Walk Score ®

    26/100 Car-Dependent

  • Transit Score ®

    33/100 Some Transit

  • Bike Score ®

    38/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Cleveland, OH
  • Neighborhood Puritas-Longmead
  • Zip Code 44135
  • Market Cleveland Akron

Points of Interest

  • Brookpark

    0.92 miles

  • Puritas

    0.92 miles

  • Airport

    1.87 miles

  • West Park

    2.19 miles

  • Triskett

    2.94 miles

  • West 117th–Madison

    3.92 miles

  • West Boulevard–Cudell

    4.67 miles

  • West 65th–Lorain (Eco-Village)

    5.41 miles

  • West 25th–Ohio City

    6.87 miles

  • Settlers Landing

    7.39 miles

  • Speedway

    0.79 miles

  • BP

    1.04 miles

  • Marathon

    1.24 miles

  • BP

    1.32 miles

  • Shell

    1.59 miles

  • Shell

    1.61 miles

  • Marathon

    1.68 miles

  • GetGo

    1.72 miles

  • Shell

    1.80 miles

  • Sunoco

    1.94 miles

  • Public Parking

    1.50 miles

  • Bar Parking

    1.51 miles

  • Walgreens Parking

    1.54 miles

  • Fairview Hospital Parking Lot

    1.58 miles

  • Fairview Hospital Parking Garage

    1.61 miles

  • Kamms Corner Parking

    1.64 miles

  • Blue Lot

    1.65 miles

  • Red Lot

    1.69 miles

  • Orange Lot

    1.84 miles

  • Park'N Fly

    2.04 miles

  • Mr. Hero

    0.42 miles

  • Happy's Pizza

    0.64 miles

  • Burger King

    0.64 miles

  • Canary's

    0.69 miles

  • Denny's

    0.78 miles

  • AMP 150

    0.82 miles

  • Express Deli

    0.92 miles

  • McDonald's

    0.93 miles

  • Pizza Hut

    0.97 miles

  • Cozumel

    0.98 miles

  • Marc's

    0.62 miles

  • Save-A-Lot

    0.97 miles

  • Coast Guard Exchange

    1.04 miles

  • Marc's

    1.52 miles

  • Marc's

    1.62 miles

  • Giant Eagle

    1.65 miles

  • Marc's

    2.28 miles

  • Giant Eagle

    2.47 miles

  • Gordon Food Service

    2.55 miles

  • Arabian Village Market

    2.67 miles

  • Discount Drug Mart

    0.71 miles

  • CVS Pharmacy

    1.03 miles

  • Walgreens

    1.54 miles

  • MetroHealth West Park Health Center

    1.61 miles

  • West Park Station

    1.63 miles

  • Ohio Renal Care Group

    1.65 miles

  • Fairview Hospital

    1.67 miles

  • Moll Cancer Center

    1.74 miles

  • Walgreens

    1.76 miles

  • CVS Pharmacy

    1.76 miles

Frequently Asked Questions

What is the lease rate for WABTEC (NYSE:WAB) Absolute NNN Industrial/Manufacturing?

Rental asking rate at WABTEC (NYSE:WAB) Absolute NNN Industrial/Manufacturing is $1,575,000.00/YR.

What is the total square footage of WABTEC (NYSE:WAB) Absolute NNN Industrial/Manufacturing?

WABTEC (NYSE:WAB) Absolute NNN Industrial/Manufacturing totals 41,081 square feet.

When was this property built?

WABTEC (NYSE:WAB) Absolute NNN Industrial/Manufacturing was built in 1962.

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Contact Listing Broker

broker

Dan Lariccia

Passov Real Estate Group

(440) 669-1109