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560 Solon Rd
Bedford Heights, OH 44146
Ohio Aluminum · Industrial Property For Sale
Investment Highlights
- Ohio Aluminum has seen rapid growth and increased revenues over the last 3 years due to an uptick in airplane sales and increased production lines.
- Rare opportunity to acquire an industrial manufacturing asset secured by a long-term 15-year ABS NNN lease.
- The property boasts strong highway access, strategically positioned for easy connectivity to Interstate 480 (I-480) and both Ohio State Routes 8 & 14.
- Ohio Aluminum recently expanded its manufacturing operations into this facility, making it critical for the tenant's business.
- Rents are set at market rate for the area and fall within a healthy EBITDAR coverage range. This positioning makes it a safe and stable investment.
Executive Summary
We are pleased to exclusively offer for sale a 41,250 SF manufacturing facility in Cleveland, currently operated by Ohio Aluminum Industries. Ohio Aluminum is seeking to execute a 15-year sale-leaseback at the close of escrow to raise funds to help fuel its rapid growth. This is a rare opportunity to partner with a growing operator and acquire an industrial asset secured by a long-term Absolute Triple Net (NNN) Lease, featuring strong 2.5% annual rent increases.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
Property Facts
Amenities
- Yard
Property Taxes
| Parcel Number | 814-29-004 | Improvements Assessment | $225,365 |
| Land Assessment | $51,345 | Total Assessment | $276,710 |
Property Taxes
Parcel Number
814-29-004
Land Assessment
$51,345
Improvements Assessment
$225,365
Total Assessment
$276,710
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