9755 Corporate CirValley View, OH 44125

Property Details for 9755 Corporate Cir

Year built

2020

Lot size

4.31 AC

Property size (Sq ft)

44,800 SF

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

571-22-025

APU

57122025

Description

This fee-simple industrial property in Valley View, Ohio, offers a compelling investment opportunity. The 45,423-square-foot manufacturing facility is 100% occupied under a triple-net (NNN) lease with Goodman Distribution, Inc., providing a stable income stream. The lease, commencing April 1, 2021, and expiring November 30, 2030, has approximately six years remaining with two seven-year renewal options. Annual rent increases of 2.5% are built into the lease, providing inflation protection and growing net operating income (NOI). The property boasts a 7.00% cap rate and a NOI of $527,170, with an asking price of $7,531,000 ($165.80/sq ft). Situated on a 4.31-acre lot in Cuyahoga County (zip code 44125), the property features 47 parking spaces and is zoned for industrial use. Its prime location near Interstate 480 (169,600 vehicles per day) and major retail centers like Garfield Commons (317,000 sq ft) and Southgate USA (816,000 sq ft) ensures high visibility and accessibility. The strong demographics of the area, with over 193,000 people within a five-mile radius and an average household income of $70,710, further enhance the investment potential. Built in 2020, this low-management investment offers minimal landlord responsibilities, making it an attractive option for passive investors seeking a secure and appreciating asset. The property's address is 9755 Corporate Cir, Valley View, OH 44125. The property's APN is 571-22-025.

• Alternative Use

  Use

  Valuation

  Residential

  $9,225,046

  Hospitality

  $8,450,093

  Educational

  $7,030,378

  Medical

  $7,272,164

  Retail

  $10,936,144

Location Insight

City

Valley View

County

Cuyahoga

State

Ohio

Latitude

41.3993

Longitude

-81.6154

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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