14800 Foltz Industrial PkwyStrongsville, OH 44136

Property Details for 14800 Foltz Industrial Pkwy

Lot size

4.02 AC

Property size (Sq ft)

20,218 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional investment opportunity presents a fee-simple ownership of a 20,218-square-foot warehouse located at 14800 Foltz Industrial Pkwy, Strongsville, OH 44136. The property sits on a 4.02-acre lot and is currently 100% occupied by LLK Greenhouse Solutions under a 20-year triple-net (NNN) lease with a corporate guarantee. The lease commenced upon the closing of escrow and features annual rent bumps of 3%, ensuring consistent income growth. The current annual net operating income (NOI) is $300,000, resulting in an attractive 7.25% capitalization rate. The lease provides for 4 or 5-year lease options. This warehouse serves as the primary production, inventory, and operations facility for LLK Greenhouse Solutions, a financially stable tenant. The property benefits from its strategic location in a prime industrial corridor of Strongsville, Ohio, near major companies such as Applied MSS, Schaeffler Group, and others. Its proximity to downtown Cleveland further enhances its desirability. This is a rare opportunity to acquire a stable, high-yielding industrial property with long-term lease security and significant upside potential. The asking price is $4,137,931.

Location Insight

City

Strongsville

County

Cuyahoga

State

Ohio

Latitude

41.3074

Longitude

-81.8724

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