Listed by Hanna Commercial Real Estate Cleveland
$4,750,000
2146 Enterprise Pkwy
Details
Property Type Industrial
Sub Type Warehouse, Manufacturing
Square Footage 66,500
NOI $330,000
Occupancy 88%
Tenancy Multi
Price per SqFt $71
Year Built 1985
Buildings 2
Acreage 4.820
Industrial Investment Opportunity
Marketing description
Hanna Commercial is pleased to exclusively present the opportunity to acquire the assets of Darrow Leasing Company. The property is located at 2146 Enterprise Parkway in Twinsburg, Ohio. It is situated in a prominent Cleveland suburb with strong demographics, good business neighbors and very good proximity to the major highways of I-480 and I-80.
The buyer of this industrial investment will receive two multi-tenant buildings totaling 66,500 SF on 4.82 acres. The steel, brick and block construction offers 18’ clear heights, three phase power, 15 dock doors and 8 drive-in doors. A new roof was installed on the back building in 2022 with the front building having its replacement done in 2005. There have been many other recent capital improvements as well. The front building has three tenants with one available unit of 8,000 SF being offered for lease at $6.75/SF NNN. The back building was constructed as multi-tenant building but currently has been leased to a single tenant with a new lease extension of 5 years. The complex is 88% occupied and all current leases are at or below market rent and offer annual increases.
Investment highlights
- Investment Sale Opportunity of 66,500 SF Complex on 4+ Acres
- OR
- 35,000 SF Front Building for Lease on 2.89 AC
- Unit C & D - 8,000 SF: Office - 2,100 SF, Warehouse - 5,900 SF
- 1 Drive-In Door, 2 Docks
- 18’ Clear Height
- Overhead Unit Heaters
- 35’ x 50’ Column Spacing
- T-8 Lighting, 480/3P Power
- Built in 1985, Brick/Block Construction
- Close Proximity to I-480, I-271 & I-80
- Building Size: 35,000 sqft
- Acres: 4.000
- Available SF: 8,000
Listing Contacts
Listed by Hanna Commercial Real Estate Cleveland
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$330,000.00
$27,500.00/mo
Valuation Metrics
0
DSCR
6.95%
Cap Rate
6.95%
ROI
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