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775-779 West Smith Road 775 W Smith Rd 100,000 SF 97% Leased Industrial Building Medina, OH 44256 $9,422,460 CAD ($94.22 CAD/SF) 7.40% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Zoned for a wide range of industrial uses: warehousing, light manufacturing, contractor bays, flex-office, and distribution.
  • Functional layout with industrial-grade utilities, off-street parking, and truck access.
  • Surrounded by trade services, logistics, automotive, and light manufacturing businesses.
  • Strong appeal for both owner-users and multi-tenant investment strategies.
  • Quick access to I-71, Route 18, and Route 42 for easy reach to Cleveland, Akron, and beyond.
  • Lower taxes and operating costs compared to retail or core-office alternatives.

EXECUTIVE SUMMARY

This professionally managed industrial property presents a compelling opportunity for investors seeking stabilized income with future upside. Long-term ownership has ensured ongoing functionality, with targeted upgrades including refreshed office units, modern lighting, and a compliant fire suppression system. The asset is transitioning to triple net (NNN) leases—already in place with some tenants—positioning it for enhanced expense recovery and more predictable cash flow. Located in Medina’s tight industrial market, demand remains strong among smaller-bay users, driving rent growth and low vacancy. With management in place and available post-sale, this property offers operational continuity for local or out-of-market investors seeking reliable returns and long-term flexibility.
775 West Smith Road offers a flexible, industrial-zoned property in Medina’s established industrial corridor—one of Northeast Ohio’s most business-friendly submarkets. Suitable
for warehousing, light manufacturing, service trades, and flex-office uses, it appeals to both owner-users and investors.
The site provides direct access to I-71, Route 18, and Route 42. Recent upgrades to West Smith Road enhance connectivity to Cleveland, Akron, and surrounding markets.
Medina’s low operating costs, competitive tax environment, and access to a skilled labor pool make it a cost-effective alternative to metro-core areas. Nearby amenities
like Historic Medina Square and Foundry Social add to tenant appeal.
Located near the Medina County Fairgrounds and similar industrial users and service-based users, the property benefits from strong visibility, local traffic exposure, and adaptability for future tenant needs.
Whether leveraged as a stable income-producing asset or repositioned for higher-value tenancy, 775 West Smith Road offers a strategic foothold in a market with
upside potential and long-term industrial viability.

PROPERTY FACTS

Price $9,422,460 CAD
Price Per SF $94.22 CAD
Sale Type Investment
Cap Rate 7.40%
Property Type
Industrial
  • Industrial Distribution
  • Showroom
  • Industrial Warehouse
Building Class C
Lot Size 5.88 AC
Rentable Building Area 100,000 SF
No. Stories 1
Year Built/Renovated 1973/2023
Parking Ratio 0.25/1,000 SF
Opportunity Zone Yes
Zoning I-1 - I-1 Industrial Zoning

AMENITIES

  • 24 Hour Access
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Christabella Photography
  • Professional, Scientific, and Technical Services
  • 584 SF
  • $18.65 CAD
  • Full Service
  • Sep 2025
  • DataKloud, LLC
  • Professional, Scientific, and Technical Services
  • 661 SF
  • $17.74 CAD
  • Full Service
  • Jun 2026
  • Ghanem Beauty Supply
  • Wholesaler
  • 6,000 SF
  • -
  • Modified Gross
  • Jul 2025
  • Harley Davidson
  • Transportation and Warehousing
  • 6,000 SF
  • -
  • Modified Gross
  • Apr 2026
  • Jamesway Chickmaster
  • Manufacturing
  • 680 SF
  • -
  • Full Service
  • Sep 2027
  • Jim Guame
  • Construction
  • 2,500 SF
  • -
  • Modified Gross
  • Nov 2025
  • Ken Ganley Kia
  • Services
  • 8,575 SF
  • -
  • Modified Gross
  • Dec 2026
  • Ken Ganley Nissan
  • Services
  • 6,750 SF
  • -
  • Modified Gross
  • Dec 2026
  • Ritz Safety
  • Manufacturing
  • 12,395 SF
  • -
  • Triple Net
  • Sep 2026
  • SNLTZR Inc.
  • Professional, Scientific, and Technical Services
  • 324 SF
  • -
  • Full Service
  • Sep 2026
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Christabella Photography Professional, Scientific, and Technical Services 584 SF $18.65 CAD Full Service Sep 2025
DataKloud, LLC Professional, Scientific, and Technical Services 661 SF $17.74 CAD Full Service Jun 2026
Ghanem Beauty Supply Wholesaler 6,000 SF - Modified Gross Jul 2025
Harley Davidson Transportation and Warehousing 6,000 SF - Modified Gross Apr 2026
Jamesway Chickmaster Manufacturing 680 SF - Full Service Sep 2027
Jim Guame Construction 2,500 SF - Modified Gross Nov 2025
Ken Ganley Kia Services 8,575 SF - Modified Gross Dec 2026
Ken Ganley Nissan Services 6,750 SF - Modified Gross Dec 2026
Ritz Safety Manufacturing 12,395 SF - Triple Net Sep 2026
SNLTZR Inc. Professional, Scientific, and Technical Services 324 SF - Full Service Sep 2026

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 103
  • 177 SF
  • Office
  • -
  • Now
  • 1st Fl-Ste 105
  • 527 SF
  • Office
  • Full Build-Out
  • Now
  • 1st Fl-Ste 109
  • 731 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 103 177 SF Office - Now
1st Fl-Ste 105 527 SF Office Full Build-Out Now
1st Fl-Ste 109 731 SF Office Full Build-Out Now

1st Fl-Ste 103

Size
177 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 105

Size
527 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 109

Size
731 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 105

Size 527 SF
Space Use Office
Condition Full Build-Out
Available Now

1st Fl-Ste 109

Size 731 SF
Space Use Office
Condition Full Build-Out
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 029-19A-20-019
  • 029-19A-20-014
  • 029-19A-20-018
Land Assessment
$313,132 CAD
Improvements Assessment
$1,618,278 CAD
Total Assessment
$1,931,410 CAD
  • Listing ID: 36356197

  • Date on Market: 2025-06-23

  • Last Updated:

  • Address: 775 W Smith Rd, Medina, OH 44256

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