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31786509
31786508

205 Willis Street, Bedford, OH 44146

AV
OH OH 2023000834
Cushman & Wakefield CRESCO Real Estate
CS
OH OH SAL.2020004576
Cushman & Wakefield CRESCO Real Estate
KP
OH SAL.221004429
Cushman & Wakefield CRESCO Real Estate
RM
OH SAL.2014002730
Cushman & Wakefield CRESCO Real Estate
RP
OH BRK.2016000871
Cushman & Wakefield CRESCO Real Estate
Listed by Cushman & Wakefield CRESCO Real Estate
$1,872,711
43 days on market
Updated 43 days ago

205 Willis Street

Details
APN 812-15-009
Property Type Industrial
Sub Type Manufacturing
Square Footage 35,904
Cap Rate 9.00%
NOI $168,544
Tenancy Single
Brand/Tenant Lake Shore Electric, LLC
Lease Type NNN
Lease Expiration 07/30/2027
Rent Bumps Yes
Lease Options One (1) option to renew for an additional five (5) years with 180-days written notice
Price per SqFt $52
Class C
Year Built 1952
Year Renovated 2025
Stories 1
Acreage 2.580
Zoning I-1 Industrial
Investment Type Net Lease
Ceiling Height 9'6" - 21'6"
Loading Docks 3

Industrial | 9.00% CAP | 35,904 SqFt

Marketing description

This 35,904 SF industrial property, now under new ownership, offers prime manufacturing space featuring heavy power, buss ducts, multiple overhead cranes (five cranes ranging from 0.5 to 3 tons), air lines, epoxy-coated concrete floors, and LED lighting. The building includes 30,504 SF of industrial space and 5,364 SF of office space, situated on 2.58 acres and zoned I-1 Industrial, which allows for a wide variety of uses. Conveniently located just minutes from historic Downtown Bedford and the Bedford Auto Mile, the property provides access to numerous dining, shopping, and service amenities, with quick connectivity to I-271 for access to the entire Northeast Ohio region and a skilled workforce. Originally built in 1952 with masonry and metal construction, the building is set to undergo major renovations beginning in Spring 2025. It features a clear height range of 9’6” to 21’6”, column spacing of 12’ x 36’, three dock doors, and two drive-in doors. The facility is powered by 800A / 480V / 3-phase electricity, heated by overhead gas, and includes office A/C.

Investment highlights

  • 35,904 SF of manufacturing space featuring heavy power, buss ducts, multiple overhead cranes, air lines, and more
  •  Minutes from historic Downtown Bedford and the Bedford Auto Mile which features multiple dining, shopping, and service amenities
  •  Proximity to I-271 allows for easy access to the entire Northeast Ohio region and a skilled workforce
  •  Zoned for I-1 Industrial which allows for a variety of uses

Listing Contacts

AV
OH OH 2023000834
Cushman & Wakefield CRESCO Real Estate
CS
OH OH SAL.2020004576
Cushman & Wakefield CRESCO Real Estate
KP
OH SAL.221004429
Cushman & Wakefield CRESCO Real Estate
RM
OH SAL.2014002730
Cushman & Wakefield CRESCO Real Estate
RP
OH BRK.2016000871
Cushman & Wakefield CRESCO Real Estate
Listed by Cushman & Wakefield CRESCO Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$168,544.00
$14,045.33/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

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Additional Information

Name
Alex Valletto
License
OH 2023000834
Brokerage
Cushman & Wakefield | CRESCO Real Estate
Title
Associate
Brokerage Address
6100 Rockside Woods Boulevard North
Name
Cole Sorenson
License
OH SAL.2020004576
Brokerage
Cushman & Wakefield | CRESCO Real Estate
Brokerage Phone
2165251200
Title
Associate
Name
Kirsten Paratore
License
SAL.221004429
Brokerage
Cresco Ltd.
Title
Real Estate Brokerage
Brokerage Address
6100 Rockside Woods Boulevard North
Name
Robby Martinelli
License
SAL.2014002730
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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