172 Reaser Ct - Manufacturing FOR SALE
Elyria, OH 44035 |
$2,200,000 USD
216-777-3049
172 Reaser Ct
Elyria, OH 44035
HIGHLIGHTS
- Attractive Going-in Yield: Offered at $2.2M, the property delivers an 8.00% cap rate with stable in-place cash flow.
- Compelling Pricing: The asset is priced attractively relative to comparable net-leased industrial properties.
- Passive Ground Lease: Ground lease structure provides minimal management and limited capital expenditure exposure.
- Strategic Location: Located in Elyria, ~25 miles west of Cleveland with access to I-80/90 and I-480.
- Strong Industrial Fundamentals: The property benefits from regional logistics infrastructure and access to the Cleveland MSA labor pool.
- Established Tenant: Occupied by North American Kitchen Solutions, supporting consistent use as a mission-critical facility.
FOR SALE DETAILS
PRICE
$2,200,000 USD
PRICE/SF
$72 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
North American Kitchen Solutions
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Manufacturing
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1996
UTILITIES
Gas, Water, Sewer
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.49
LAND SF
108,464
ZONING
Industrial
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
216-777-3049
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
216-777-3049
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
