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446 W Lake St 47,592 SF 100% Leased Industrial Building Ravenna, OH 44266 $995,000 ($20.91/SF) 10.11% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Lease in Place: With Project Light, making attractive to investors seeking yield growth throughout their ownership period.
- Recent maintenance: Partial roof replacement completed in December 2022 & warehouse windows replaced in 2025 —reducing near-term maintenance concerns
- High ceiling clearance: Main building area offers 13'3?–14'7? clearance; storage area ranges from 10'3? to peak of 13'3?—ideal for racking or overhead
- Limited Landlord Responsibilities: Include real estate taxes & insurance.
- Immediate access to major highways: Situated near State Route 59 and Interstate 76, offering efficient connectivity for regional distribution and tran
EXECUTIVE SUMMARY
Broker of Record
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
PROPERTY FACTS
| Price | $995,000 | Rentable Building Area | 47,592 SF |
| Price Per SF | $20.91 | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 1955/2003 |
| Cap Rate | 10.11% | Parking Ratio | 1.05/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 14’6” |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 4.35 AC | ||
| Zoning | I-1 | ||
| Price | $995,000 |
| Price Per SF | $20.91 |
| Sale Type | Investment |
| Cap Rate | 10.11% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 4.35 AC |
| Rentable Building Area | 47,592 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1955/2003 |
| Parking Ratio | 1.05/1,000 SF |
| Clear Ceiling Height | 14’6” |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | I-1 |
AMENITIES
- Air Conditioning
UTILITIES
- Lighting
- Gas
- Water - City
- Sewer - City
- Heating - Gas
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Kanga Manufacturing Consultants
- Manufacturing
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Kanga Manufacturing Consultants | Manufacturing | - | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 31-362-00-00-013-000 | Improvements Assessment | $176,440 |
| Land Assessment | $36,440 | Total Assessment | $212,880 |
PROPERTY TAXES
Parcel Number
31-362-00-00-013-000
Land Assessment
$36,440
Improvements Assessment
$176,440
Total Assessment
$212,880
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446 W Lake St
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