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Investment Highlights

  • Convenient highway access with long history of 100% occupancy.

Executive Summary

- 100% occupied prime industrial space
- Excellent occupancy history.
- Financially healthy, long term tenants.
- True 10 Cap on NOI with holdback for vacancy
- 25,630 SF with 16,000 SF built in 1970.
- .3 Acre attached parking lot.
- All brick and block construction
- Minimal landlord responsibilities.
- Located in major light manufacturing business district.
- Excellent highway access.
- Located along Interstate 90 just east of Cleveland.
- On bus line.

Data Room Click Here to Access

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2022) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,300,000
Price Per SF $50.72
Sale Type Investment or Owner User
Cap Rate 8.46%
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
Property Type Industrial
Property Subtype
Distribution
  • General Retail Restaurant
  • Industrial Manufacturing
  • Industrial Warehouse
Building Class C
Lot Size 1.87 AC
Rentable Building Area 25,630 SF
No. Stories 1
Year Built/Renovated 1957/1970
Parking Ratio 3.9/1,000 SF
Clear Ceiling Height 16’1”
No. Drive In / Grade-Level Doors 12
Opportunity Zone Yes
Zoning I - Light industrial and distribution Warehousing Bar/restaurant Auto sales and repair

Amenities

  • 24 Hour Access
  • Bus Line
  • Courtyard
  • Fenced Lot
  • Security System
  • Signage
  • Skylights
  • Yard
  • Accent Lighting
  • Recessed Lighting
  • Air Conditioning

Utilities

  • Lighting - Fluorescent
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
114-26-005
Land Assessment
$57,295 (2024)
Improvements Assessment
$162,260 (2024)
Total Assessment
$219,555 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
  • Listing ID: 27067390

  • Date on Market: 11/8/2022

  • Last Updated:

  • Address: 19003 Saint Clair Ave, Euclid, OH 44117

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