Listed by Matthews
$2,200,000
North American Kitchen Solutions
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 30,620
Cap Rate 8%
NOI $176,065
Occupancy 100%
Tenancy Single
Remaining Term 3
Price per SqFt $72
Year Built 1996
Buildings 1
Stories 1
Acreage 2.490
Industrial | 8.00% Cap Rate | 30,620 SqFt | $2,200,000
Marketing description
- Attractive Going-in Yield: Offered at $2,200,000, the property delivers an 8.00% cap rate, providing investors with strong, stable in-place cash flow from day one. The pricing represents a compelling yield relative to comparable net-leased industrial assets in today’s market.
- Passive Ground Lease Structure: The ground lease structure offers a streamlined ownership profile with reduced management responsibilities and limited capital expenditure exposure, creating a passive investment opportunity well-suited for 1031 exchange or yield-focused buyers.
- Strategic Northeast Ohio Location: Situated in Elyria, approximately 25 miles west of Cleveland, the property benefits from strong regional industrial fundamentals, access to major transportation corridors (I-80/90 Ohio Turnpike and I-480), and proximity to the greater Cleveland MSA’s labor pool and logistics infrastructure.
- Established Operating Tenant – North American Kitchen Solutions: North American Kitchen Solutions serves restaurants, institutional kitchens, and foodservice operators—sectors that require ongoing equipment support, installation, and servicing. This operationally driven business model supports consistent facility utilization and reinforces the property’s role as a mission-critical location for the tenant.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$176,065.00
$14,672.08/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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