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NN Lease Industrial & Warehousing

$2,900,000

2021-2035 Midway Dr, Twinsburg, OH 44087

Active
Last Updated: 06/21/2024

5.71

Cap Rate

165,600.7

NOI

Details:
Cap Rate:    5.71%
NOI:    $165,600.70
Building Size:    40,950 sqft
Lot Area:    4.02 acres
Occupancy:    100%
Units:    4
Year Built:    1978
Floors:    1
Highlights:
  • - 40,950 SF building with 4 units
  • - Built in 1978, renovated in 2016
  • - Zoned Commercial-Commercial Warehouses
  • - Located in the Cleveland MSA area
  • - 100% occupancy
  • - Below market rents for comparable properties
  • - NN lease - owner responsible for structure only
Description:

Introducing 2021-2035 Midway Dr, Twinsburg, a prime commercial property tailored for industrial and distribution investment. Boasting a 40,950 SF, four-unit building, this well-maintained space offers a perfect investment opportunity. Originally built in 1978 and thoughtfully renovated in 2016, it stands proudly in the Commercial-Commercial Warehouses zone, strategically placed in the Cleveland MSA area. Currently at full occupancy, this property promises a seamless transition into the world of commercial real estate, providing a solid foundation for success.

Strategically situated in the thriving Cleveland MSA, the area surrounding Midway Industrial offers an attractive landscape for industrial and distribution ventures. Proximity to major transportation arteries like I-480 and I-271 ensures seamless logistical access, optimizing supply chain efficiencies. The location also benefits from a strong industrial market with a diverse tenant base, reflecting the area's resilience and potential for investment growth. Nearby amenities such as restaurants, hotels, and retail centers provide convenience for employees and visitors alike. With a rich industrial heritage and a forward-looking business environment, the Cleveland MSA presents an appealing backdrop for commercial success.

N/A

480v phase III

Reznor Heaters

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