15708 Industrial Pkwy Cleveland, OH 44135
30,055 SF, 9.57% Cap Rate, 10-Year Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 10-Year single-tenant sale-leaseback opportunity with an Absolute Net Lease, minimizing landlord responsibilities.
- Excellent location in a low-vacancy industrial park with a 0.50% vacancy rate for Class B & C industrial space within three miles.
- 30,055 SF industrial building (86% warehouse/manufacturing) on ~1.17 acres with four docks and 14' clear height.
- Prime location: <2 miles to I-71 & I-480, <3 miles to Cleveland Hopkins International Airport.
- Strong financials: $1,725,000 asking price, $165,028 NOI, 9.57% cap rate, 3% annual rent increases, two 5-year options.
Property Details for 15708 Industrial Pkwy
- Property type
- Industrial properties, Distribution centers
- Square Feet
- 30,055 SF
- Lot Size (sq. ft)
- 50,965 SF
Location Insight
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Latitude
- 41.425378199487
- Longitude
- -81.807442114803
Nearby Similar for Sale
FAQs
- What type of property is this?
- Industrial property - 30,055 SF, 9.57% Cap Rate, 10-Year Lease
- Where is the industrial property located?
- The property is located at 15708 Industrial Pkwy Cleveland, OH.
- What is the asking price?
- The asking price for this property is $1,725,000.
- What are key features of this property?
- This property features: 10-Year single-tenant sale-leaseback opportunity with an Absolute Net Lease, minimizing landlord responsibilities.; Excellent location in a low-vacancy industrial park with a 0.50% vacancy rate for Class B & C industrial space within three miles.; 30,055 SF industrial building (86% warehouse/manufacturing) on ~1.17 acres with four docks and 14' clear height.
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