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172 Reaser Ct
Elyria, OH 44035

$2,200,000 USD

Manufacturing For Sale  •  30,620 SF

Property Details

• Property Type Manufacturing
• Total Building Size 30,620 SF
• Lot Size 2.49 AC
• Building Class B
• Year Built 1996
• Cap Rate 8.00 %
• Tenancy Single
• Zoning Industrial

30 Walk Score

Highlights

Attractive Going-in Yield: Offered at $2.2M, the property delivers an 8.00% cap rate with stable in-place cash flow.

Compelling Pricing: The asset is priced attractively relative to comparable net-leased industrial properties.

Passive Ground Lease: Ground lease structure provides minimal management and limited capital expenditure exposure.

Strategic Location: Located in Elyria, ~25 miles west of Cleveland with access to I-80/90 and I-480.

Strong Industrial Fundamentals: The property benefits from regional logistics infrastructure and access to the Cleveland MSA labor pool.

Established Tenant: Occupied by North American Kitchen Solutions, supporting consistent use as a mission-critical facility.

Cap Rate:

8.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Hoodmart, Inc.
North American Kitchen Solutions, Inc

Public Transportation

Commuter Rail	Drive	Walk	Distance
	7 min	-	2.1 mi
Airport	Drive	Walk	Distance
Cleveland-Hopkins International	28 min	-	17.9 mi