153,000 SF Industrial Building for Sale on 7.8 Acres in Mentor, Ohio--Multi-Tenant Industrial Income Producing Property

Highlights:

• - 153,000 SF of versatile space
• - 10 units for flexible usage
• - Renovated in 2020 with new overhead doors
• - M-1 zoning for diverse industrial activities
• - Equipped for manufacturing, distribution, and warehousing
• - Convenient access to SR 2 and I-90
• - Loading docks featuring dock levelers
• - Ideal for industrial and manufacturing investors

Description:

Introducing a prime industrial opportunity at 8820 East Avenue in Mentor, OH. This 153,000 SF property, featuring 10 units, offers a versatile and adaptable space perfect for industrial and manufacturing investors. Renovated in 2020, this M-1 zoned property is equipped for a range of activities, including manufacturing, distribution, and warehousing. With convenient access to SR 2 and I-90, this facility boasts loading docks with dock levelers and is primed for immediate use. Currently at 58% occupancy, this property presents an ideal investment opportunity in the thriving Cleveland area.

Discover the prime industrial and manufacturing potential of the Mentor, OH area. With its strategic location in the Cleveland market, this vibrant region offers seamless access to major transportation routes, including Interstates 90 and 271, as well as proximity to Cleveland Hopkins International Airport. Nearby, the Holden Arboretum and Mentor Lagoons Nature Preserve provide an ideal escape from the daily bustle, while the Great Lakes Mall and numerous dining options offer convenience and leisure. Investors and tenants seeking an optimal location for industrial and manufacturing operations will find ample opportunities for growth and success in this dynamic and accessible area.

All utilities on site.

Mag-Nif, Inc. produces motorized, novelty, and non motorized banks. It offers animated coin sorting banks, automated sorting devices, digital coin counters, puzzles and games, value pack preformed wrappers for wrapping coins, trim-a-tree and gift wrap bow-making items, and bow pins. The company was founded in 1963 in Mentor, Ohio. The property, land, and equipment are being sold. Total property is approximately 153,000 SF on 7.8 acres of land and will be verified per sale. All plastic injection molding machines, pallet racking, and other assets are for sale and available per separate price and are not including in this price. Multiple expansion of building have occurred from 1963 to present. Warehouse additions occurred in 1994 (39,170 SF), 1995 (12,096 SF), and 2002 (20,856 SF) including previous existing office/manufacturing areas (77,006) improvements and remodeling during the 1990's. Heavy electrical power is brought to property, specifically 1200 amp, 480 Volt, 3-Phase power. Oil/Gas well is included with sale with all mineral right offered in purchase. Addition built in 2002 has standard fire suppression with 26' clear height ideal for rack storage. Remaining clear heights range from 24' to 14' in warehouse and manufacturing areas.

3-phase, 4000 amp, 480 V

East Ohio Gas

Documents: