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28664130
28664131

1610 W Jackson St, Painesville, OH 44077

CO
OH OH 2022005346
Matthews
Matthews
Listed by Matthews
$1,100,000
192 days on market
Updated 42 days ago

1610-1636 W Jackson St

Details
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 34,445
NOI $78,687
Tenancy Multi
Price per SqFt $34
Buildings 1
Stories 1
Lot Size (SqFt) 0.791
Loading Docks 1
Dock High Doors 14

Two Building Flex Portfolio

Investment highlights

  • Two Building Flex Portfolio: Situated on a single ±2.72 acre parcel (PPN #: 11-A-016-F-00-001-0)

    • Building 1: 1610 Jackson St

      • ±18,000 SF

      • Drive In Doors: 10

      • # of Suites: 10

      • # of Tenants: 4

    • Building 2: 1630 Jackson St

      • ±16,445 SF

      • Drive in Doors: 4

      • Docks: 1 (Exterior)

      • # of Suites: 4

      • # of Tenants: 3 (1 Vacancy)

  • Stabilized Flex Park with Diverse Tenant Base: The property is currently 87.5% occupied with a well-balanced mix of tenants, offering income durability and limited downside exposure to any single occupant.

Listing Contacts

CO
OH OH 2022005346
Matthews
Matthews
Listed by Matthews

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,687.00
$6,557.25/mo

Valuation Metrics

0
DSCR
7.15%
Cap Rate
7.15%
ROI

Map

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Additional Information

Name
Matt Wallace
License
BRKP.2024002419, REC.2022007141 (OH)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
950 Main Ave., Suite 510, Cleveland, OH 44113
Name
Caleb Ogan
License
OH 2022005346
Brokerage Phone
(866) 889-0550
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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