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North American Kitchen Solutions 172 Reaser Ct 30,620 SF Industrial Building Elyria, OH 44035 $3,061,740 CAD ($99.99 CAD/SF) 8% Cap Rate
Investment Highlights
- Attractive Going-in Yield: Offered at $2.2M, the property delivers an 8.00% cap rate with stable in-place cash flow.
- Passive Ground Lease: Ground lease structure provides minimal management and limited capital expenditure exposure.
- Strong Industrial Fundamentals: The property benefits from regional logistics infrastructure and access to the Cleveland MSA labor pool.
- Compelling Pricing: The asset is priced attractively relative to comparable net-leased industrial properties.
- Strategic Location: Located in Elyria, ~25 miles west of Cleveland with access to I-80/90 and I-480.
- Established Tenant: Occupied by North American Kitchen Solutions, supporting consistent use as a mission-critical facility.
Executive Summary
Broker of Record
Matt Wallace
License # REC.2022007141, BRKP.2024002419 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matt Wallace
License # REC.2022007141, BRKP.2024002419 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
| Price | $3,061,740 CAD | Building Class | B |
| Price Per SF | $99.99 CAD | Lot Size | 2.49 AC |
| Sale Type | Investment | Rentable Building Area | 30,620 SF |
| Cap Rate | 8% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1996 |
| Property Subtype | Manufacturing | Tenancy | Single |
| Zoning | Industrial | ||
| Price | $3,061,740 CAD |
| Price Per SF | $99.99 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 2.49 AC |
| Rentable Building Area | 30,620 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Tenancy | Single |
| Zoning | Industrial |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Hoodmart, Inc.
- Retailer
- -
- -
- -
- North American Kitchen Solutions, Inc
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Hoodmart, Inc. | Retailer | - | - | - | ||
| North American Kitchen Solutions, Inc | Retailer | - | - | - |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $681,906 CAD | |
| Land Assessment | $104,574 CAD | Total Assessment | $786,480 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$104,574 CAD
Improvements Assessment
$681,906 CAD
Total Assessment
$786,480 CAD
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North American Kitchen Solutions | 172 Reaser Ct
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