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704 Warren Ave 18,309 SF Industrial Building Niles, OH 44446 $1,300,000 ($71.00/SF) 11% Cap Rate
EXECUTIVE SUMMARY
INVESTMENT ONLY
Great tenant under lease plus extensions
NN Lease with minimal LL responsibility a current 11% cap rate plus 10% escalators in 2 years
SOLID tenant with patented technology and defense contracts
Building in great condition, super clean process
Multiple cranes and great lighting throughout
Great tenant under lease plus extensions
NN Lease with minimal LL responsibility a current 11% cap rate plus 10% escalators in 2 years
SOLID tenant with patented technology and defense contracts
Building in great condition, super clean process
Multiple cranes and great lighting throughout
PROPERTY FACTS
| Price | $1,300,000 | Lot Size | 0.83 AC |
| Price Per SF | $71.00 | Rentable Building Area | 18,309 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 11% | Year Built/Renovated | 1969/1989 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Price | $1,300,000 |
| Price Per SF | $71.00 |
| Sale Type | Investment |
| Cap Rate | 11% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.83 AC |
| Rentable Building Area | 18,309 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1969/1989 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
AMENITIES
- 24 Hour Access
- Air Conditioning
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
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PROPERTY TAXES
| Parcel Number | 25-721152 | Improvements Assessment | $123,480 |
| Land Assessment | $7,280 | Total Assessment | $130,760 |
PROPERTY TAXES
Parcel Number
25-721152
Land Assessment
$7,280
Improvements Assessment
$123,480
Total Assessment
$130,760
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704 Warren Ave
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