23366 Commerce Park - Light Distribution FOR SALE


Beachwood, OH 44122
$1,750,000 USD
216-235-1559
23366 Commerce Park, Beachwood, OH for Sale
$1,750,000 USD
Light Distribution - FOR SALE
1/15
null | Request Cap Rate

23366 Commerce Park
Beachwood, OH 44122


HIGHLIGHTS

  • Potential incentives available from the city.
  • Well-maintained property.

OVERVIEW

Rare opportunity to own flex/office product in the Chagrin Corridor. 60% occupancy with mostly short-term leases in place provides ultimate flexibility for an owner-user or reposition of the property as a developer. Building currently configured with 12,295 SF of warehouse/flex space with a 2-story office component at the front totaling 12,675 square feet. Well maintained property. Potential incentives available from the city.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Commerce Park Circle

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

UTILITIES

Lighting

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

84

LAND DETAILS

LAND ACRES

1.39

LAND SF

60,548

ZONING

U-8

APN/PARCEL ID

742-22-017

ASK ABOUT THIS PROPERTY

Rico PietroCushman & Wakefield | CRESCO Real EstateMore Info
216-235-1559

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Rico PietroCushman & Wakefield | CRESCO Real EstateMore Info
216-235-1559

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