446 W LAKE ST Ravenna OH 44266-3649

• ​

  Long-Term Lease in Place: With Project Light, making attractive to investors seeking yield growth throughout their ownership period.

• ​

  Limited Landlord Responsibilities: Include real estate taxes & insurance.

• ​

  Recent maintenance: Partial roof replacement completed in December 2022 & warehouse windows replaced in 2025 —reducing near-term maintenance concerns

• ​

  Immediate access to major highways: Situated near State Route 59 and Interstate 76, offering efficient connectivity for regional distribution and transportation

• ​

  High ceiling clearance: Main building area offers 13′3″–14′7″ clearance; storage area ranges from 10′3″ to peak of 13′3″—ideal for racking or overhead operations

The Subject Property is a 47,592 SF manufacturing building that sits on 4.35 acres of land. The property is located in Ravenna in close proximity to State Route 59 and Interstate 76. The current tenant manufactures/refurbishes aluminum wheels and they will be vacating by June 1st, 2024. The building is equipped with heavy 3 phase power, 2 docks, one 12x10 drive in door, a crane with a 4,000 lb capacity, and a wet sprinkler system.

The roof has been well maintained with half of it being replaced in December of 2022. The majority of the building has 13'3" - 14'7"ceiling heights to the bar joist. The rear portion of the building, currently utilized for product storage, features 10'3" to the eaves and 13'3" to the peak. The building features approximately 2,000 SF of office space which features multiple private offices, a storage room, and 4 restrooms.

SELLER FINANCING & LEASE TO PURCHASE OPTIONS AVALIABLE

HEAVY PHASE 3 POWER

2 DOCKS

1 DRIVE IN

4,000 LB CRANE

WET SPRINKLER SYSTEM

SELLER FINANCING & LEASE TO PURCHASE OPTIONS AVALIABLE