15708 Industrial Pkwy Cleveland, OH 44135

This exceptional investment opportunity presents a 30,055-square-foot industrial distribution property in Cleveland, Ohio. Located at 15708 Industrial Parkway, this single-tenant asset boasts a strong 10-year absolute net lease with a reputable tenant, Modular Systems Technicians (MST), a full-service commercial furniture installation company with a 10+ year history at this location. The lease includes 3% annual rental increases and two five-year options, minimizing landlord responsibilities. The property sits on approximately 1.17 acres and features four external docks and a 14-foot clear height. The building is predominantly warehouse/manufacturing space (86%), with minimal office build-out. This strategically located property benefits from proximity to major transportation arteries, including Interstates 71 and 480 (less than two miles), and Cleveland Hopkins International Airport (less than three miles). The property's strong location within a low-vacancy industrial park contributes to its exceptional investment potential. With a current asking price of $1,725,000, the property generates a net operating income (NOI) of $165,028, resulting in an attractive 9.57% capitalization rate. This sale-leaseback structure offers a secure, passive income stream with significant long-term growth potential in a robust Cleveland industrial market. The property's APN is 028-21-002.