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24207301
24207309

775 - 779 W Smith Rd, Medina, OH, Medina, OH 44256

MM
OH OH BRK.2019006823
Sperry Commercial Global Affiliates
SM
OH #2013002150
Sperry Commercial Global Affiliates Cleveland
Listed by Sperry Commercial Global Affiliates, Sperry Commercial Global Affiliates Cleveland
$6,750,000
365 days on market
Updated 89 days ago
Opportunity zone

775 - 779 W Smith Rd

Details
APN 029-19A-20-014, 029-19A-20-018, 029-19A-20-019
Property Type Industrial
Sub Type Distribution, Manufacturing (+1)
Square Footage 100,000
Cap Rate 7.40%
Occupancy 97.3%
Tenancy Multi
Lease Type NNN
Price per SqFt $68
Broker Co-Op Yes
Class C
Year Built 1973
Year Renovated 2023q
Buildings 3
Stories 1
Acreage 5.880
Zoning I-1
Investment Type Core+

For Sale: Stabilized Industrial Asset with NNN Upside

Marketing description

This professionally managed industrial property presents a compelling opportunity for investors seeking stabilized income with future upside. Long-term ownership has ensured ongoing functionality, with targeted upgrades including refreshed office units, modern lighting, and a compliant fire suppression system. The asset is transitioning to triple net (NNN) leases—already in place with some tenants—positioning it for enhanced expense recovery and more predictable cash flow. Located in Medina’s tight industrial market, demand remains strong among smaller-bay users, driving rent growth and low vacancy. With management in place and available post-sale, this property offers operational continuity for local or out-of-market investors seeking reliable returns and long-term flexibility.

775 West Smith Road offers a flexible, industrial-zoned property in Medina’s established industrial corridor—one of Northeast Ohio’s most business-friendly submarkets. Suitable

for warehousing, light manufacturing, service trades, and flex-office uses, it appeals to both owner-users and investors.

The site provides direct access to I-71, Route 18, and Route 42. Recent upgrades to West Smith Road enhance connectivity to Cleveland, Akron, and surrounding markets.

Medina’s low operating costs, competitive tax environment, and access to a skilled labor pool make it a cost-effective alternative to metro-core areas. Nearby amenities

like Historic Medina Square and Foundry Social add to tenant appeal.

Located near the Medina County Fairgrounds and similar industrial users and service-based users, the property benefits from strong visibility, local traffic exposure, and adaptability for future tenant needs.

Whether leveraged as a stable income-producing asset or repositioned for higher-value tenancy, 775 West Smith Road offers a strategic foothold in a market with upside potential and long-term industrial viability.

Investment highlights

Zoned for a wide range of industrial uses: warehousing, light manufacturing contractor bays, flex-office, and distribution.

Strong appeal for both owner-users and multi-tenant investment strategies.

Functional layout with industrial-grade utilities, off-street parking, and truck access.Lower taxes and operating costs compared to

retail or core-office alternatives.

Medina’s business-friendly policies and affordable utility/service costs support long-term cash flow.

Listing Contacts

MM
OH OH BRK.2019006823
Sperry Commercial Global Affiliates
SM
OH #2013002150
Sperry Commercial Global Affiliates Cleveland
Listed by Sperry Commercial Global Affiliates, Sperry Commercial Global Affiliates Cleveland

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Zoning

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I-1 IndustrialIndustrial
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Michelle Masica
License
OH BRK.2019006823
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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