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Industrial Flex - Cleveland, OH 1657 Saint Clair Ave NE 28,432 SF 100% Leased Flex Building Cleveland, OH 44114 For Sale
Investment Highlights
- Less than 1 mile from the Cleveland Browns NFL (Huntington Bank Field), Guardians MLB (Progressive Field), and Cavaliers NBA.
- Several short-term and month-to-month leases, with long-term tenants, present a clear path to strengthening the rent roll through lease formalization
- Located along St. Clair Avenue NE in Cleveland's established inner-ring corridor with convenient access to major roadways and surrounding business.
- Part of the Historic and densely populated downtown, less than 1 mile from Lake Erie.
- A well-rounded roster of industrial/flex tenants across multiple units reduces single-tenant risk and supports consistent, reliable income.
- The property is fully occupied with a mix of active leases, providing immediate and stable cash flow from day one.
Executive Summary
We are pleased to exclusively offer for sale the 28,432 SF Industrial Flex, 100% Occupied, property located at 1557-1657 St. Clair Avenue NE in Cleveland, OH. This fully occupied industrial/flex asset presents an attractive investment opportunity with immediate and stable in-place cash flow generated from a diverse mix of active tenants across multiple units. The property’s multi-tenant configuration helps reduce single-tenant exposure while supporting consistent and reliable income performance.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
Property Facts
Amenities
- Signage
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Alcoholics Anonymous
- Retailer
- 3,460 SF
- $11.60 CAD
- -
- Brinks
- Retailer
- 2,640 SF
- $13.80 CAD
- -
- Cleveland Menu Printing
- Retailer
- 7,000 SF
- $10.04 CAD
- -
- Metro
- Retailer
- 4,200 SF
- $8.37 CAD
- -
- Unrefined /RAA Food Enterprises LLC
- Retailer
- 4,200 SF
- $21.52 CAD
- -
- West Marine
- Retailer
- 6,932 SF
- $13.65 CAD
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Alcoholics Anonymous | Retailer | 3,460 SF | $11.60 CAD | - | ||
| Brinks | Retailer | 2,640 SF | $13.80 CAD | - | ||
| Cleveland Menu Printing | Retailer | 7,000 SF | $10.04 CAD | - | ||
| Metro | Retailer | 4,200 SF | $8.37 CAD | - | ||
| Unrefined /RAA Food Enterprises LLC | Retailer | 4,200 SF | $21.52 CAD | - | ||
| West Marine | Retailer | 6,932 SF | $13.65 CAD | - |
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Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $151,096 CAD | |
| Land Assessment | $513,414 CAD | Total Assessment | $664,510 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$513,414 CAD
Improvements Assessment
$151,096 CAD
Total Assessment
$664,510 CAD
Contacts
-
Carson Adler -
Rahill Lakhani -
Munir Meghjani -
Sands Investment Group Atlanta, LLC
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Industrial Flex - Cleveland, OH | 1657 Saint Clair Ave NE
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