For Sale
$1,030,000

23660 Miles Rd Bedford Heights, OH 44128

23,469 SF Warehouse, Multi-Tenant, Ohio

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a 23,469-square-foot multi-tenant warehouse located at 23660 Miles Road in Bedford Heights, Ohio, within Cuyahoga County, zip code 44128. The property, built in 1971, is currently listed at $1,030,000, translating to a price per square foot of $51. All tenants are on leases expiring at the end of 2024, many with a significant history of occupancy. This presents a compelling acquisition opportunity well below current replacement costs. The property boasts significant recent improvements: the front roof features a brand-new TPO roof complete with a warranty, while the back roof, installed in 2007, still benefits from a remaining portion of its 20-year warranty. Strategically positioned less than half a mile from the intersection of Interstates 480 and 271, this warehouse enjoys excellent access to major transportation arteries, enhancing its logistical appeal and potential for future growth. This is a rare chance to acquire a well-maintained, strategically located industrial property with strong tenant occupancy and significant upside potential.

Highlights

  • All leases expire at the end of 2024.
  • Exceptional value; below replacement cost.
  • New TPO roof on front section with warranty; rear roof installed in 2007 (20-year warranty).
  • Less than a half-mile from I-480 and I-271.

Property Details for 23660 Miles Rd

Property type
Warehouses, Industrial properties
Square Feet
23,469 SF
Year Built
1971

Location Insight

City
Bedford Heights
County
Cuyahoga
State
Ohio
Latitude
41.4238222
Longitude
-81.5120715

FAQs

What type of property is this?
Warehouse - 23,469 SF Warehouse, Multi-Tenant, Ohio
Where is the warehouse located?
The property is located at 23660 Miles Rd Bedford Heights, OH.
What is the asking price?
The asking price for this property is $1,030,000.
What are key features of this property?
This property features: All leases expire at the end of 2024.; Exceptional value; below replacement cost.; New TPO roof on front section with warranty; rear roof installed in 2007 (20-year warranty).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
23660 Miles Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message