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Masonry & metal building, well maintained and well built with 100% tenancy that is long term stable tenancy. No deferred maintenance. Seller is original property owner.
Part of 3 Building offering with $356,295 NOI, 1652, 1658, 1664 E Highland Road.
PRICE REDUCED was: $3,395,000 now: $3,195,000 " 74,510 SF Total Area on 8.3 Acres " 7,360 SF Office Area & 67,150 SF Warehouse Area " Six (6) docks with levelers and seals (8' x 10' ) " Two (2) drive-in doors (12' x 14' ) " Metal and Masonry Construction " Ceiling Height 28' to 32 clear " 70 parking spaces " Column Spacing 34' x 50' and 25' x 34' " 480 Volt/1,200 Amp/3 Phase Power " 8 floor thickness " Fully Sprinklered (wet) " Ample outside storage for vehicles " Expandable by 70,000 SF
Total building size 16,800 SF, There are 2 Suites available: Unit 200: 4,200 SF 4,200 SF total, 3,325 SF warehouse and 875 SF office, 1 drive in. Unit 300: 8,400 SF office 2241 Pinnacle Pkwy is also for sale at $1,200,000.
Part of 3 building portfolio including 1652 and 1658 E. Highland Road. 10% cap rate, $356,295 NOI.
The Cooper Commercial Investment Group has been exclusively retained by ownership to sell the 100% fee simple interest in the single-tenant flex building (55% dedicated to office space and 45% dedicated to warehouse space) in Twinsburg, Ohio. The property is being offered for $980,000, representing a 9.30% CAP Rate and high 17.30% projected year-1 cash-on-cash return, providing an investor with the opportunity to acquire stable tenant in an economically strong, developed and growing area. The 10,131 S.F. building accommodates its single-tenant, Michaels & Associates who hand-picked this particular location for expansion in their Northern Ohio segment. Michaels & Associates has 7 other offices in the Midwest with the Twinsburg office being the main location for Northern Ohio. The tenant signed an original 10-year lease and is in place through 2020 on a Triple Net (NNN) lease structure. The building features a tenant specific build-out with the high-end kitchen and restaurant used for client presentations.