5259 Devon Dr | Vermilion, OH 44089
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- LoopNet Team
5259 Devon Dr
Vermilion, OH 44089
Value-Add Industrial Opportunity | 50% Leased · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Recent 5-Year Lease Through 2026: Dewey Furniture recently signed a 5-year lease for their 30,000 SF space.
- Docks & Drive-In Doors: The building is in excellent condition and includes 9 loading docks and 3 drive-in doors.
- Value-Add Opportunity: New ownership has the opportunity increase NOI through to lease-up of the remaining vacancy.
- Nearby access to downtown Vermilion, Lake Erie (indoor boat storage & warehousing), Cleveland Hopkins International Airport, Lorain Tubular Company.
PROPERTY FACTS
| Property Type | Industrial | Year Built | 1975 |
| Property Subtype | Manufacturing | Parking Ratio | 0.17/1,000 SF |
| Building Class | B | Clear Ceiling Height | 25’ |
| Lot Size | 6.00 AC | No. Dock-High Doors/Loading | 2 |
| Rentable Building Area | 60,000 SF | No. Drive In / Grade-Level Doors | 1 |
| No. Stories | 1 | ||
| Zoning | Light Industrial | ||
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 6.00 AC |
| Rentable Building Area | 60,000 SF |
| No. Stories | 1 |
| Year Built | 1975 |
| Parking Ratio | 0.17/1,000 SF |
| Clear Ceiling Height | 25’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | Light Industrial |
AMENITIES
- Fenced Lot
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
- Heating
PROPERTY TAXES
| Parcel Number | 18-00833-000 | Improvements Assessment | $345,037 |
| Land Assessment | $26,841 | Total Assessment | $371,878 |
PROPERTY TAXES
Parcel Number
18-00833-000
Land Assessment
$26,841
Improvements Assessment
$345,037
Total Assessment
$371,878
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