892 Callendar Blvd - Manufacturing FOR SALE


Painesville, OH 44077
$6,000,000 USD
310-261-8428
892 Callendar Blvd, Painesville, OH for Sale
$6,000,000 USD
Manufacturing - FOR SALE
1/17
null | 6.5% Cap Rate

NEW


892 Callendar Blvd
Painesville, OH 44077


HIGHLIGHTS

  • HIGH-INCOME, URBAN INFILL LOCATION
  • 4 5-TON CRANES, 4 DOCKS & LEVELERS & 3 DRIVE-INS
  • ATTRACTIVE 5.85% 10-YR FINANCING
  • CLOSE PROXIMITY TO CLEVELAND’S INDUSTRIAL HUB
  • MAJOR MIDWEST TRANSPORTATION NETWORKS
  • POSITIVE RENT GROWTH $393,382 INPLACE NOI

OVERVIEW

DWG Capital Group, as the exclusive advisor, is pleased to present a new off-market acquisition opportunity: 892 Callendar Blvd., Painesville, Ohio 44077. This 68,639-square-foot warehouse and office combo industrial asset is situated in the Cleveland MSA and is proximate to Pittsburg, Columbus, Indianapolis, Detroit, Fort Wayne, and numerous other thriving markets for immediate strategic delivery to the region and its customer base. The property will be delivered vacant, offering an exceptional opportunity to acquire a versatile industrial/flex property in a rapidly growing Midwest logistics corridor. Situated on ±10 acres and offering ±68,639 square feet of flexible space, the property is strategically located near I-90 and within close proximity to Cleveland’s thriving industrial market. This prime location provides unparalleled access to regional and national distribution networks, making it an ideal choice for manufacturing, warehousing, or distribution tenants seeking convenience and efficiency.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

UTILITIES

-

CLEAR CEILING HT

25 Ft

DOCKS

4

DRIVE INS

3

PARKING SPACES

19

LAND DETAILS

LAND ACRES

6.73

LAND SF

293,159

ZONING

I-1, Painesville Twp

APN/PARCEL ID

11-B-064-A-00-019

ASK ABOUT THIS PROPERTY

Judd DunningDWG CAPITAL GROUP ( Formerly NGKF/ARA)More Info
310-261-8428

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Judd DunningDWG CAPITAL GROUP ( Formerly NGKF/ARA)More Info
310-261-8428

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