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16829 Park Circle Dr
Chagrin Falls, OH 44023

$925,000

Manufacturing For Sale  •  17,280 Sq Ft

Property Details

  • Property Type Manufacturing
  • Total Building Size 17,280 Sq Ft
  • Lot Size 1.53 ac
  • Building Class C
  • Year Built 1968
  • Cap Rate 13.00 %
  • Tenancy Multiple
  • Zoning LIR
0 Transit Score
39 Walk Score

Description

Original building with 2400' office and 7200' shop space was built in 1968. Three - all air conditioned - additions added since then. All walls and ceilings insulated, County sewers, well water, with Cleveland water tie-in available. Roof well maintained and 2 new furnaces recently installed. Mort McClennan Company, a sales promotion agency, currently occupies about 5000 feet in rear of building, of which 2400 feet could be easily converted to ground floor shop floor space, yielding a total potential manufacturing area of 12,500 feet. They could stay and sublease or they could move. Hyper Tool occupies manufacturing area and front offices, and has shut down. Contents can be disposed of within a month or two. Building sits on 1.5+ acres with room for expansion in rear.

Highlights

Quiet, light industrial park with easy access to Rt 422, Large buildable area behind building, Insulated walls & ceilings

Financial Summary

Cap Rate: 13.00 %

Major Tenants

Tenant SF Occupied Lease End Date
The Mort C. McClennan Company 5,280 SF

Amenities

  • Air Conditioning
  • Buss Ducts
  • Yard
  • Storage Space

Public Transportation

AirportDriveWalkDistance
Cleveland Hopkins International Airport 48 min - 29.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Surface
Included in Rent: Yes
Mort McClennan 440-543-5151 Hyper Tool
Mort McClennan 440-543-5151 Hyper Tool