29001 Solon Rd - Warehouse FOR SALE


Solon, OH 44139
$16,544,400 USD
216-218-0259
29001 Solon Rd, Solon, OH for Sale
$16,544,400 USD
Warehouse - FOR SALE
1/6
null | 6.4% Cap Rate

29001 Solon Rd
Solon, OH 44139


HIGHLIGHTS

  • Below market lease rates.
  • Value-add investment opportunity.
  • 94.9% occupancy.

OVERVIEW

Value-add investment opportunity available for sale in Solon. The 194,640 square foot building sits on roughly 14 acres and offers 25 docks/levelers, 9 drive-in doors, and a clear height of 20 feet. The property is outfitted with heavy power. Columns on the building are at 32' W x 40' D and the building features a wet sprinkler system. Portions of the roof were replaced in 2019 and 2023, with a final section in need of replacement. The parking lot to the building was resurfaced in 2022.

FOR SALE DETAILS

PRICE

$16,544,400 USD

PRICE/SF

$85 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

UTILITIES

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

CLEAR CEILING HT

20 Ft

DOCKS

25

DRIVE INS

9

PARKING SPACES

375

LAND DETAILS

LAND ACRES

13.99

LAND SF

609,404

ZONING

I-2

APN/PARCEL ID

953-07-001

ASK ABOUT THIS PROPERTY

Terry CoyneNewmarkMore Info
216-218-0259

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Terry CoyneNewmarkMore Info
216-218-0259

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