2035 Midway Dr - Warehouse FOR SALE


Twinsburg, OH 44087
$2,900,000 USD
216-789-1636
2035 Midway Dr, Twinsburg, OH for Sale
$2,900,000 USD
Warehouse - FOR SALE
1/12
null | 12.07% Cap Rate

2035 Midway Dr
Twinsburg, OH 44087


HIGHLIGHTS

  • 40,950 SF building with 4 units
  • Built in 1978, renovated in 2016
  • Zoned Commercial-Commercial Warehouses
  • Located in the Cleveland MSA area
  • 50% occupancy - high value-add potential
  • NN lease - owner responsible for structure only

OVERVIEW

Introducing 2021-2035 Midway Dr, Twinsburg, a prime commercial property tailored for industrial and distribution investment. Boasting a 40,950 SF, four-unit building, this well-maintained space offers a perfect investment opportunity. Originally built in 1978 and thoughtfully renovated in 2016, it stands proudly in the Commercial-Commercial Warehouses zone, strategically placed in the Cleveland MSA area. Currently at 50% occupancy, this property provides a buyer a huge value-add proposition to receive market rents allowing to potentially achieve a double-digit cap rate. Rent roll and pro forma financials available upon request.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

12.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

16 Ft

DOCKS

1

DRIVE INS

1

PARKING SPACES

25

LAND DETAILS

LAND ACRES

4.02

LAND SF

175,111

ZONING

I-2

APN/PARCEL ID

64-03002

ASK ABOUT THIS PROPERTY

Richard Abou-JaoudeBerkshire Hathaway HomeServicesMore Info
216-789-1636

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Richard Abou-JaoudeBerkshire Hathaway HomeServicesMore Info
216-789-1636

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.