7740 Metric Dr
Mentor, OH 44060
Frantz Medical · Industrial Property For Sale

NNN Investment Opportunity Property Features: 10,890± SF Steel Frame Masonry Building 9,679± SF Medical Office 1,211± SF Storage/Shipping/Electric Room 2.56± Acres, Built in 1984, 1,200 Amp Service 3-Phase Power, One 9’x9’ OHD, One 6’x8’ OHD,One 8’x8’ Dock Door Located off Tyler Boulevard Between Reynolds Road (SR 306) and Center Street (SR 615), Minutes to SR 2 and Interstate 90 via SR 306 or SR 615 Investment Summary: Current Tenant - Frantz Medical Group, Original Owner True NNN Lease (Tenant Pays All Costs Associated with Property) Tenant Lease Expires September 30, 2020 Currently Negotiating Lease Renewal New Proposed Lease Terms 5 Year Lease (February 1, 2020 - January 31, 2025 $10,250 Monthly with 2% Annual Increases Tenant has a Right to Match a Third Party Offer to Purchase Tenant has a 5 Year Option Renewal Tenant has not Agreed to Terms Yet (They Shall Have Until September to Agree) Facility is a Specialized Building Built for Frantz Medical with Lab Space and Climate Controlled Areas. Frantz Medical freed up Capital 10 Years Ago and Reached out to the Current Ownership of the Real Estate to Sell. The Current Ownership is an Investment Group that Acquired this Real Estate for the Investment for 10 Years and are currently Divesting Themselves from this Asset. Offering Price $1,600,000.00 Terms of New Lease are still being Negotiated Frantz Medical Group is an Integrated Group of Companies Dedicated to the Development and Manufacturing of Medical Devices and Diagnostics, and the Support of Related Independent Companies in Similar Fields through Direct Investments, Investments through their Venture Capital Fund and Providing Operational Support.