1250 E 222nd St - Manufacturing FOR SALE


Euclid, OH 44117
$6,750,000 USD
216-906-2414
1250 E 222nd St, Euclid, OH for Sale
$6,750,000 USD
Manufacturing - FOR SALE
1/16
null | 7.19% Cap Rate

1250 E 222nd St
Euclid, OH 44117


HIGHLIGHTS

  • 100% leased to Mechanical Dynamics & Analysis (MD&A) and BONENG Transmission, USA.
  • Property, offered substantially below replacement cost, has undergone non-stop renovations since 2015 continuing through fall of 2024.
  • Features heavy power (with a sub-station on property) and 17 cranes ranging from 2-ton to 25-ton.
  • Well-positioned just 1/3 mile from I-90.

OVERVIEW

Two (2) Tenant, 100% leased - 152,790 SF 17-crane industrial complex, heavy power (sub-station on property), two (2) docks, six (6) 14’ x 16’ drive-in doors, 30’ clear ceiling heights, etc. Two long term tenants in place. The property, being offered at substantially below replacement cost, has undergone non-stop renovations since 2015 continuing through fall of 2024. The renovations include (but not inclusive): roof repairs and replacements, updated and expanded electrical, exterior parking lot work, LED lighting, etc. Tenant One – 124,393 SF: Mechanical Dynamics & Analysis (MD&A): Mechanical Dynamics & Analysis (MD&A) provides power generators around the globe with a full-service, OEM-alternative for services, parts, and repairs for Gas Turbines, Steam Turbines, Industrial Turbines, and Generators. Adding 40 employees and a TENANT investment of $1.747,650 into their office space, etc. Term expires 06/30/2035. 2% annual increases. Tenant Two 25,700 SF: BONENG Transmission, USA: a subsidiary of SUZHOU.CO LTD. A professional manufacturer of mechanical and electrical products integrating design, manufacturing, assembly, and sales services servicing the mining, metallurgy, chemical, cement, and power industries to name a few. The property, being offered at substantially below replacement cost, has undergone non-stop renovations since 2015 continuing through fall of 2024. The renovations include (but not inclusive): roof repairs and replacements, updated and expanded electrical, exterior parking lot work, LED lighting, etc. Term expires 08/31/2028. 2% annual increases.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$44 USD /SF

CAP RATE

7.19%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

UTILITIES

Lighting

CLEAR CEILING HT

35 Ft

DOCKS

4

DRIVE INS

2

PARKING SPACES

250

LAND DETAILS

LAND ACRES

9.47

LAND SF

412,513

ZONING

U6

APN/PARCEL ID

646-14-001

ASK ABOUT THIS PROPERTY

Eliot KijewskiCushman & Wakefield | CRESCO Real EstateMore Info
216-906-2414

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Eliot KijewskiCushman & Wakefield | CRESCO Real EstateMore Info
216-906-2414

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