Callendar Blvd, Painseville, OH | Absolute NNN | 17-Year
Crane-Served Manufacturing Facility | Below Replacement Cost | Cleveland MSA
Marketing description
Free-standing ±68,639 SF crane-served manufacturing and warehouse facility on ±6.73 acres in the Cleveland MSA, 28 miles from downtown Cleveland with direct I-90 access. Offered below replacement cost at approximately $82/SF.
The facility delivers heavy industrial infrastructure that is expensive and slow to replicate: four 5-ton bridge cranes, 480V/3-phase power, 25' clear height, four docks with levelers, and three drive-in doors. Masonry construction, I-1 light-industrial zoning, and a low 0.23 FAR leave meaningful excess land for expansion, yard, or outdoor storage.
The asset suits an owner/user seeking a turnkey precision-machining plant or an investor pursuing functional, below-replacement-cost industrial product. Northeast Ohio industrial fundamentals remain tight, with submarket availability below 5% and constrained new supply, supported by durable regional manufacturing demand across the Pittsburgh, Columbus, Detroit, and broader Midwest corridor.
Investment highlights
- Below replacement cost basis at ~$82/SF
- Four 5-ton bridge cranes, 480V/3-phase heavy power, 25' clear
- Four docks with levelers and three drive-in doors ±6.73 acres, I-1 zoning, excess land for expansion or outdoor storage
- 28 miles to Cleveland with direct I-90 access; sub-5% submarket availability
- Available to owner/user or investor; turnkey precision-machining plant
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