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15501 Industrial Pky 250,597 SF Industrial Building Cleveland, OH 44135 $27,441,174 CAD ($109.50 CAD/SF) 6.87% Cap Rate
Investment Highlights
- 100% Leased to Long-Term Tenant | NNN Lease
- Strategic Industrial Corridor on Cleveland's West Side
- 250,597 SF | 11.78 AC Site
Executive Summary
Newmark, as exclusive broker, is pleased to present 15501 Industrial Parkway, a 250,597 SF, manufacturing facility in Cleveland, Ohio.
The Property is 100% leased to an established company with a presence across the U.S., providing immediate in-place income and operational stability for investors seeking durable cash flow.
Positioned in a strategic industrial corridor on Cleveland’s west side, the Property benefits from established industrial parks and manufacturing facilities, supported by strong utility infrastructure including heavy power capacity suitable for intensive manufacturing operations. The submarket benefits from an established workforce drawn from surrounding residential neighborhoods and adjacent communities.
Located neighboring Old Dominion Freight Line, Cleveland Hopkins International Airport, and the intersection of Interstate 71 and Interstate 480, this Property has exceptional connectivity to the regional interstate network, facilitating efficient access across the Cleveland metro and broader Ohio markets.
The property is being offered on an all-cash basis. Investors should base their offers on an “As Is, Where Is” condition of the property.
The Property is 100% leased to an established company with a presence across the U.S., providing immediate in-place income and operational stability for investors seeking durable cash flow.
Positioned in a strategic industrial corridor on Cleveland’s west side, the Property benefits from established industrial parks and manufacturing facilities, supported by strong utility infrastructure including heavy power capacity suitable for intensive manufacturing operations. The submarket benefits from an established workforce drawn from surrounding residential neighborhoods and adjacent communities.
Located neighboring Old Dominion Freight Line, Cleveland Hopkins International Airport, and the intersection of Interstate 71 and Interstate 480, this Property has exceptional connectivity to the regional interstate network, facilitating efficient access across the Cleveland metro and broader Ohio markets.
The property is being offered on an all-cash basis. Investors should base their offers on an “As Is, Where Is” condition of the property.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $27,441,174 CAD | Rentable Building Area | 250,597 SF |
| Price Per SF | $109.50 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 1969/1980 |
| Cap Rate | 6.87% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.14/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 22’ |
| Building Class | B | No. Dock-High Doors/Loading | 12 |
| Lot Size | 11.78 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | Manufact | ||
| Price | $27,441,174 CAD |
| Price Per SF | $109.50 CAD |
| Sale Type | Investment |
| Cap Rate | 6.87% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 11.78 AC |
| Rentable Building Area | 250,597 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1969/1980 |
| Tenancy | Single |
| Parking Ratio | 1.14/1,000 SF |
| Clear Ceiling Height | 22’ |
| No. Dock-High Doors/Loading | 12 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | Manufact |
Amenities
- Fenced Lot
Utilities
- Heating - Gas
1 1
Property Taxes
| Parcel Number | 028-21-011 | Improvements Assessment | $2,989,290 CAD |
| Land Assessment | $436,027 CAD | Total Assessment | $3,425,317 CAD |
Property Taxes
Parcel Number
028-21-011
Land Assessment
$436,027 CAD
Improvements Assessment
$2,989,290 CAD
Total Assessment
$3,425,317 CAD
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15501 Industrial Pky
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