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4655 State Road 2 Properties Offered at $1,600,000 in Peninsula, OH
Investment Highlights
- Multiple options for this facility makes it very unique
- High visibility & traffic count
Executive Summary
This is a single, 1.94 acre parcel with 2 addresses (4651-4655 State Rd). 4651 State Rd. is a 13,200 sf building that is being used for industrial/manufacturing and we have a lease with the current tenant that will expire on August 31, 2026. The lease payment is $6,300/mo. The tenant has expressed interest in renewing the lease. 4655 State Rd. is 11,200sf. of storage units which were renovated in 2024. There are 129 doors. This facility opened for business on February 1, 2025 and is currently 70% occupied. There is room for price increases as we kept pricing lower to attract business. We had plans to convert the front building (4651 State Rd) to indoor, climate controlled storage and two retail offices when the current tenant moved out. There is little to no indoor storage in the area.
Property Facts
| Price | $1,600,000 | Number of Properties | 2 |
| Price / SF | $65.57 / SF | Individually For Sale | 0 |
| Cap Rate | 7.50% | Total Building Size | 24,400 SF |
| Sale Type | Investment | Total Land Area | 3.88 AC |
| Status | Active |
| Price | $1,600,000 |
| Price / SF | $65.57 / SF |
| Cap Rate | 7.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 24,400 SF |
| Total Land Area | 3.88 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 4655 State Rd, Peninsula, OH 44264 | Industrial | 13,200 SF | 1956 | - |
|
Building B
4651 State Rd, Peninsula, OH 44264 |
Specialty | 11,200 SF | 1956 | - |
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Presented by
Cuyahoga Falls Storage, LLC
4655 State Road
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