7501 Carnegie Ave - Manufacturing FOR SALE


Cleveland, OH 44103
$11,800,000 USD
216-906-2414
7501 Carnegie Ave, Cleveland, OH for Sale
$11,800,000 USD
Manufacturing - FOR SALE
1/2
null | Request Cap Rate

7501 Carnegie Ave
Cleveland, OH 44103


OVERVIEW

The subject property consists of a multi-tenant structure totaling approximately 138,046 SF inclusive of approximately 5,048 SF of Office, 8,630 SF of Retail, and the balance of production, cooler, freezer, storage, and traditional warehouse. Our research confirms the original construction commenced in 1925 with multiple, various additions. The property began major renovations in 2012 and are still ongoing. Renovations include test kitchens, upgraded tenancy, significant roof and dock work, storefronts, freezer / cooler upgrades and expansions., etc. The property has been refurbished and is approximately 100% (there is a historic 11,278 SF roundabout that is currently used for parking and storage) leased. The property also contains two (2) drive-in doors and seven (7) dock doors with a ceiling heights up to 26’9”. Other property amenities include: heavy power, sprinkler system through the whole building; shop restrooms; floor drains, food grade ready racking, freezer, cooler, food prep areas, retail, etc.

FOR SALE DETAILS

PRICE

$11,800,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

UTILITIES

Heating - Electric

CLEAR CEILING HT

26.75 Ft

DOCKS

7

DRIVE INS

2

PARKING SPACES

45

LAND DETAILS

LAND ACRES

4.88

LAND SF

212,573

ZONING

MMUD-3, Cleveland E

APN/PARCEL ID

118-15-009

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.