Listed by Cushman & Wakefield CRESCO Real Estate
Unpriced
7774-7810 Whipple Avenue NW
Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 135,303
Units 2
Occupancy 100%
Tenancy Multi
Lease Type NNN
Class A
Year Built 1969
Year Renovated 2026
Buildings 2
Stories 1
Acreage 6.660
Zoning I-1 Industrial
Investment Type Net Lease
Ceiling Height 14'-25'
Loading Docks 13
Industrial Investment Opportunity
Marketing description
Fully renovated, stabilized industrial investment located in a supply-constrained submarket near the Akron-Canton Airport. The property offers durable in-place income from two strategic industrial tenants, with contractual NOI growth already built into the lease structure. A buyer is acquiring stabilized income on Day 1 with guaranteed income growth in Year 2, plus additional upside from leasing the outparcel building — all at a basis below replacement cost.
- Property is 100% leased with three established industrial tenants.
- Powell Electric is contractually obligated to expand into its full leased space in Year 2.
- This results in a minimum 21% increase in NOI already built into the leases.
- Buyer underwrites Year 1 income but receives automatic NOI growth in Year 2.
- The levered IRR for a 5- to 7-year hold will be around 20%.
- Not included in the NOI is a recently signed LOI for the 6,474 SF outbuilding. The pending lease is for 10 years.
Investment highlights
6.5% Cap rate with 2 long term, good credit tenants occupying 95% of the buildings.
Listing Contacts
Listed by Cushman & Wakefield CRESCO Real Estate
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Zoning
I1 IndustrialIndustrial
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View all 78 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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