Marcus & Millichap is pleased to present the opportunity to acquire The AT&T Warehouse Facility at 6450 Davis Industrial Parkway, Solon, OH. The offering consists of a cross dock distribution facility situated on approximately 5.77 acres. The building is approximately 40,372 SF including 3,600 SF of office space and 5,172 SF of detached storage space. This Duke realty development is build-to-suit for AT&T which has been occupying the building for over twenty years. Located at the nexus of the industrial developments within Solon. AT&T currently has three-years remaining on the Triple Net Lease with two, three-year options remaining and 2% annual increases throughout the term and options thereafter.
The subject property is in Solon city and part of the Cleveland Metro. The Cleveland metro is situated in the northeastern corner of Ohio, west of the Pennsylvania state border. Economic growth and development are diversifying the region’s industries to include medical and technology as well as various corporate headquarters. Telecommunications are also a growing sector, attracting additional tech companies. Subject Property is AT&T’s only Critical Spares Staging Location servicing the Northeastern Ohio and Western PA regions.
