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Heavy Power Industrial Campus 2 Industrial Properties Online Auction Sale Cleveland, OH
Investment Highlights
- 18513 Euclid Avenue offers a rare opportunity to acquire two versatile industrial buildings totaling 265,000 square feet on 12.07 acres.
- Ideal for owner/users seeking a strategic location and great value, or value-add investors looking to capitalize on strong income potential.
- Strong visibility along Euclid Ave (25,309 VPD) and proximity to I-90, I-271, Downtown Cleveland, and Cleveland Hopkins International Airport.
- Heavy power is equipped (600V/5000A/3PH), a rare capability in the Cleveland industrial market that few comparable buildings can match.
- Multi-tenant potential to adapt to diverse users/ footprints, plus ample existing parking can accommodate workforce growth or IOS needs..
Executive Summary
As the exclusive listing advisor, CBRE presents 18513 Euclid Avenue in Cleveland, Ohio, to the market as a rare heavy-power, multi-tenant-ready industrial investment or owner/user opportunity. The property offers 600V/5000A/3PH power across both buildings, a differentiator that positions this asset for manufacturing, distribution, or power-intensive users that few comparable Cleveland industrial properties can accommodate.
The 265,010 SF campus spans two buildings across 12.07 acres and 7 parcels. While historically single-tenant occupied, the property's layout lends itself well to a multi-tenant conversion at limited cost. Building A totals 63,510 SF with five drive-ins, clear heights up to 24.5', a 5-ton crane, and varying column spacing up to 60' x 60' feet. Fully renovated office space (6,510 square feet), completed in 2023, offers a modern, professional environment. Building B totals 201,500 SF with 15 loading docks, 1 UPS dock, and 3 drive-ins, giving investors the loading infrastructure to subdivide and lease to multiple users simultaneously. High ceiling clearance and wide bays provide maximum flexibility for a variety of uses. Recent upgrades include new dock motors and radiant unit heaters. Both buildings feature wet fire sprinklers and new LED lighting for enhanced energy efficiency.
Outdoor yard area and ample existing parking give owners room to expand operations or accommodate a larger workforce, while the building's varied bay sizes, dock configurations, and dual-building layout make it easy to demise for diverse tenant footprints — from a single owner-user to a multi-tenant income play.
18513 Euclid Avenue is approximately 1.9 miles to Interstate 90, 6 miles to Interstate 271, 12.1 miles to Interstate 490/77 interchange, 11 miles to Downtown Cleveland, and 22 miles to the Cleveland International Airport, all supporting regional connectivity. The CSX Intermodal of Cleveland is 4 miles away, and the nearest freight port, the Port of Toledo, is reachable within a day's drive.
The Euclid Avenue portfolio's 5-mile demographics confirm a growing population of 240,929 and 108,289 households, and an average household income just shy of $80,000. Cleveland's Euclid-Green sector, just off Highway 20, is conveniently located just outside downtown Cleveland and provides easy access to the city's amenities and transportation networks, making it ideal for daytime employees. The neighborhood's layout, with its winding streets and proximity to major thoroughfares, makes commuting easy.
Property tours are by appointment only. Please contact the listing broker to schedule.
The 265,010 SF campus spans two buildings across 12.07 acres and 7 parcels. While historically single-tenant occupied, the property's layout lends itself well to a multi-tenant conversion at limited cost. Building A totals 63,510 SF with five drive-ins, clear heights up to 24.5', a 5-ton crane, and varying column spacing up to 60' x 60' feet. Fully renovated office space (6,510 square feet), completed in 2023, offers a modern, professional environment. Building B totals 201,500 SF with 15 loading docks, 1 UPS dock, and 3 drive-ins, giving investors the loading infrastructure to subdivide and lease to multiple users simultaneously. High ceiling clearance and wide bays provide maximum flexibility for a variety of uses. Recent upgrades include new dock motors and radiant unit heaters. Both buildings feature wet fire sprinklers and new LED lighting for enhanced energy efficiency.
Outdoor yard area and ample existing parking give owners room to expand operations or accommodate a larger workforce, while the building's varied bay sizes, dock configurations, and dual-building layout make it easy to demise for diverse tenant footprints — from a single owner-user to a multi-tenant income play.
18513 Euclid Avenue is approximately 1.9 miles to Interstate 90, 6 miles to Interstate 271, 12.1 miles to Interstate 490/77 interchange, 11 miles to Downtown Cleveland, and 22 miles to the Cleveland International Airport, all supporting regional connectivity. The CSX Intermodal of Cleveland is 4 miles away, and the nearest freight port, the Port of Toledo, is reachable within a day's drive.
The Euclid Avenue portfolio's 5-mile demographics confirm a growing population of 240,929 and 108,289 households, and an average household income just shy of $80,000. Cleveland's Euclid-Green sector, just off Highway 20, is conveniently located just outside downtown Cleveland and provides easy access to the city's amenities and transportation networks, making it ideal for daytime employees. The neighborhood's layout, with its winding streets and proximity to major thoroughfares, makes commuting easy.
Property tours are by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Easement
Market Analytics Click Here to Access
Property Facts
| Sale Condition | Auction Sale | Number of Properties | 2 |
| Type of Ownership | Fee Simple | Total Building Size | 265,010 SF |
| Sale Type | Investment | Total Land Area | 10.86 AC |
| Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Total Building Size | 265,010 SF |
| Total Land Area | 10.86 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
|
Building B
18513 Euclid Ave, Cleveland, OH 44112 |
Industrial | 201,500 SF | 1967 |
|
Building A
18513 Euclid Ave, Cleveland, OH 44112 |
Industrial | 63,510 SF | 1956 |
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Sale Advisor
Sale Advisor
Jenna Gauntner, Vice President
Jenna Gauntner joined CBRE in June of 2018, specializing in industrial real estate transactions world-wide and representing all sides of the transaction including Landlords, Tenants, Buyers, and Sellers. By the end of 2022, Ms. Gauntner was involved in 200+ real estate transactions covering over 6,625,000 square feet. With a background in project management and Information Technology (IT), Ms. Gauntner takes a proactive approach and can rapidly adapt to external and internal changes. Utilizing PMI principles, Ms. Gauntner has developed unique strategies for aligning clients with their commercial real estate needs through the use of advanced organizational techniques, progressive quantitative and qualitative statistical modeling, and quickly identifying the latest innovative technologies best-suited to complement the client and situation at-hand. Ms. Gauntner truly believes in her clients and places a strong emphasis on continuous self-improvement and the power of listening.
In addition to exceeding client expectations through her work, Ms. Gauntner is sincerely passionate about giving back to the community. Ms. Gauntner serves as a Committee Member for CBRE Cares (Cleveland Branch), helping to identify and implement monthly volunteer efforts available to CBRE employees in the Cleveland / Akron offices. In her free time, Ms. Gauntner volunteers as a CASA (Court-Appointed-Special-Advocate) in Summit County, advocating in the best interest of abused, abandoned, and neglected youth in the Summit County Juvenile Court System. Outside of work and volunteering, Ms. Gauntner spends her time traveling off-the-beaten-path.
In addition to exceeding client expectations through her work, Ms. Gauntner is sincerely passionate about giving back to the community. Ms. Gauntner serves as a Committee Member for CBRE Cares (Cleveland Branch), helping to identify and implement monthly volunteer efforts available to CBRE employees in the Cleveland / Akron offices. In her free time, Ms. Gauntner volunteers as a CASA (Court-Appointed-Special-Advocate) in Summit County, advocating in the best interest of abused, abandoned, and neglected youth in the Summit County Juvenile Court System. Outside of work and volunteering, Ms. Gauntner spends her time traveling off-the-beaten-path.
About the Auction Technology
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Auction Contact
Molly Patten
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Auctioneer License:
Ten-X Commercial, LLC Samantha Corbat RE Brkr REC.2019003563; Ohio Department of Agriculture- Auctioneer Program: Ten-X Commercial, Inc. (Ten-X, Inc.) Auctioneer Corporation 2022000147 Samantha Corbat Auctioneer 2023000126
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Street View
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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