9988 Kinsman Rd - Manufacturing FOR SALE


Newbury, OH 44065
$4,556,800 USD
440-840-7986
9988 Kinsman Rd, Newbury, OH for Sale
$4,556,800 USD
Manufacturing - FOR SALE
1/6
null | Request Cap Rate

9988 Kinsman Rd
Newbury, OH 44065


HIGHLIGHTS

  • Recent capital improvements including roof and sprinkler upgrades.
  • Diverse tenant mix with long-term occupancy and stable cash flow.

OVERVIEW

Positioned in the heart of Geauga County’s industrial corridor, 9988 Kinsman Road presents a rare opportunity for an owner-user or investor to acquire a fully functional, income-producing asset with upside potential. Spanning ±113,900 SF across a single-story footprint, the property has undergone recent upgrades including roof replacements, sprinkler enhancements, and facade improvements, ensuring operational reliability. The building features ±110,700 SF of industrial space and ±3,200 SF of office, with 8 docks, 11 drive-in doors, and clear heights ranging from 12’ to 24’. Heavy power (480V/3Phase), well water, and septic systems support manufacturing and warehousing uses. Zoned M1/B1 across 10.83 acres, the site offers flexibility for industrial and business applications. Located minutes from I-271, the property benefits from direct access to Chagrin Falls, Chesterland, and Solon—established business hubs with skilled labor pools. Novelty’s stable property values and proximity to Greater Cleveland enhance long-term investment security. With a current NOI of $366,290.72 and a diverse rent roll, investors can capitalize on existing income while pursuing value-add strategies such as leasing vacant units, optimizing expenses, and adjusting rental rates.

FOR SALE DETAILS

PRICE

$4,556,800 USD

PRICE/SF

$40 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Newbury-Kinsman Centre

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

UTILITIES

Water - Well, Sewer - Septic Field, Heating - Electric

CLEAR CEILING HT

24 Ft

DOCKS

8

DRIVE INS

11

PARKING SPACES

-

LAND DETAILS

LAND ACRES

19.82

LAND SF

863,359

ZONING

PO

APN/PARCEL ID

23-123200,23-123210,23-123211,23-123300,23-223200,23-307300,23-385291

ASK ABOUT THIS PROPERTY

Alex VallettoCushman & Wakefield | CRESCO Real EstateMore Info
440-840-7986

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Alex VallettoCushman & Wakefield | CRESCO Real EstateMore Info
440-840-7986

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