7711 E Pleasant Valley Rd - Warehouse FOR SALE


Independence, OH 44131
$50,000,000 USD
216-290-0413
7711 E Pleasant Valley Rd, Independence, OH for Sale
$50,000,000 USD
Warehouse - FOR SALE
1/25
null | Request Cap Rate

7711 E Pleasant Valley Rd
Independence, OH 44131


HIGHLIGHTS

  • 7711 E Pleasant Valley Road is a 670,702 SF industrial building with over 500,000 SF of warehouse space and close to 100,000 SF of office space.
  • Building features are perfect for high-volume operations, with 18 shipping bays, 29 docks, five drive-ins, & a ceiling height ranging from 18-45 feet.
  • Equipped with over 200 allocated parking spaces on-site providing excellent commuter convenience.
  • Situated in a premier Independence, Ohio suburban location with immediate access to Interstate 77 and proximate to community amenities.

OVERVIEW

7711 E Pleasant Valley Road offers the unique opportunity to acquire an incredibly sizable industrial building with excellent highway connectivity and desirable specs in a park-like setting. This 670,702-square-foot warehouse, formerly Kichler Lighting's corporate headquarters for over 30 years, contains over 500,000 square feet of warehouse space and close to 100,000 square feet of office space. The estimated operating expenses for the building are $2 per square foot. The property boasts an efficient layout, 480-volt 3-Phase power supply, and is fully outfitted for high-volume operations with an 18 to 45-foot clear height, 18 shipping bays, 29 docks, and five drive-ins, ideal space for a call center or operations center. New ownership can occupy up to 189,021 square feet. Tenants have access to the building's cafeteria, which serves breakfast and lunch and will also cater events, a fitness center, a private courtyard area, and over 200 allocated parking spaces. Located in a coveted southern suburban location, 7711 E Pleasant Valley Road offers superior freeway access and convenience to surrounding neighborhood amenities. The property is minutes from Interstate 77, providing a seamless connection to Downtown Cleveland, Interstate 80, and beyond. 7711 E Pleasant Valley Road is primed to offer an ideal investment opportunity.

FOR SALE DETAILS

PRICE

$50,000,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

UTILITIES

-

CLEAR CEILING HT

45 Ft

DOCKS

29

DRIVE INS

5

PARKING SPACES

418

LAND DETAILS

LAND ACRES

38.83

LAND SF

1,691,435

ZONING

U-5A

APN/PARCEL ID

564-08-001

ASK ABOUT THIS PROPERTY

Terry CoyneNewmarkMore Info
216-290-0413

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Terry CoyneNewmarkMore Info
216-290-0413

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