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Main Building 7836 Oberlin Rd 19,303 SF 100% Leased Industrial Building Elyria, OH 44035 $2,223,196 CAD ($115.17 CAD/SF) 7.97% Cap Rate



INVESTMENT HIGHLIGHTS
- Fully leased to five commercial tenants with stable occupancy.
- On-site maintenance team ensures low operating costs.
- Single-owner asset for 22 years with pristine upkeep.
- Excellent location with access to I-90 and Route 57.
EXECUTIVE SUMMARY
Positioned along a well-traveled corridor in Elyria, Ohio, 7836 Oberlin Road presents a rare opportunity to acquire a meticulously maintained, fully stabilized commercial investment. This ±19,303-square-foot building sits on a generous 2.8-acre parcel and has been under the care of a single owner for over two decades. The result is a pristine, turn-key asset with no deferred maintenance and a proven track record of operational efficiency.
The property is 100% leased to five commercial tenants, each benefiting from the property’s strategic location and professional on-site maintenance. The ownership’s commitment to long-term upkeep has resulted in consistently low operating costs and a building that shows exceptionally well. Offered at an 8% cap rate, this asset delivers immediate in-place income with no near-term capital expenditure requirements—ideal for investors seeking a low-touch, income-producing property in a stable market.
Located just minutes from downtown Elyria and with convenient access to I-90 and Route 57, the site offers strong regional connectivity. The surrounding area features a mix of residential neighborhoods, retail centers, and light industrial users, supporting a diverse tenant base and long-term leasing demand.
This is a rare chance to acquire a legacy-owned, high-performing commercial property with built-in operational ease and income stability.
The property is 100% leased to five commercial tenants, each benefiting from the property’s strategic location and professional on-site maintenance. The ownership’s commitment to long-term upkeep has resulted in consistently low operating costs and a building that shows exceptionally well. Offered at an 8% cap rate, this asset delivers immediate in-place income with no near-term capital expenditure requirements—ideal for investors seeking a low-touch, income-producing property in a stable market.
Located just minutes from downtown Elyria and with convenient access to I-90 and Route 57, the site offers strong regional connectivity. The surrounding area features a mix of residential neighborhoods, retail centers, and light industrial users, supporting a diverse tenant base and long-term leasing demand.
This is a rare chance to acquire a legacy-owned, high-performing commercial property with built-in operational ease and income stability.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,223,196 CAD | Lot Size | 2.84 AC |
| Price Per SF | $115.17 CAD | Rentable Building Area | 19,303 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.97% | Year Built | 1950 |
| Property Type | Industrial | Parking Ratio | 3.37/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 14’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 4 |
| Zoning | mixed - Light manufacturing office and school | ||
| Price | $2,223,196 CAD |
| Price Per SF | $115.17 CAD |
| Sale Type | Investment |
| Cap Rate | 7.97% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.84 AC |
| Rentable Building Area | 19,303 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 3.37/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | mixed - Light manufacturing office and school |
AMENITIES
- 24 Hour Access
- Fenced Lot
- Property Manager on Site
- Signage
- Storage Space
- Air Conditioning
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
1 1
PROPERTY TAXES
| Parcel Number | 05-00-055-000-037 | Improvements Assessment | $203,618 CAD |
| Land Assessment | $44,695 CAD | Total Assessment | $248,313 CAD |
PROPERTY TAXES
Parcel Number
05-00-055-000-037
Land Assessment
$44,695 CAD
Improvements Assessment
$203,618 CAD
Total Assessment
$248,313 CAD
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Main Building | 7836 Oberlin Rd
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