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1624 Highland Rd 41,880 SF Industrial Building Twinsburg, OH 44087 $4,550,000 ($108.64/SF) 7.18% Cap Rate
Investment Highlights
- Approximately 6,000 sf of offices constructed in 2021
- Air Conditioned shop offices
Executive Summary
100% fully leased, NNN lease.
Base rent increases by 2% annually
Listing broker, William Nice of the Wellington Group, CRE has an ownership interest in this property.
1% real estate fee to procuring broker.
Base rent increases by 2% annually
Listing broker, William Nice of the Wellington Group, CRE has an ownership interest in this property.
1% real estate fee to procuring broker.
Property Facts
| Price | $4,550,000 | Rentable Building Area | 41,880 SF |
| Price Per SF | $108.64 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built/Renovated | 1982/2021 |
| Cap Rate | 7.18% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.96/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 25’ |
| Building Class | B | No. Dock-High Doors/Loading | 2 |
| Lot Size | 2.43 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | Industrial - Industrial Zoning | ||
| Price | $4,550,000 |
| Price Per SF | $108.64 |
| Sale Type | Investment NNN |
| Cap Rate | 7.18% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 2.43 AC |
| Rentable Building Area | 41,880 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1982/2021 |
| Tenancy | Single |
| Parking Ratio | 0.96/1,000 SF |
| Clear Ceiling Height | 25’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | Industrial - Industrial Zoning |
Amenities
- Floor Drains
- Security System
- Signage
- Smoke Detector
- Breakroom
- Locker Room
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 62-01547 | Improvements Assessment | $621,002 |
| Land Assessment | $100,996 | Total Assessment | $721,998 |
Property Taxes
Parcel Number
62-01547
Land Assessment
$100,996
Improvements Assessment
$621,002
Total Assessment
$721,998
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Contact the Sale Advisor
1624 Highland Rd