Listed by Hanna Commercial Real Estate Cleveland
$4,250,000
7401 1st Place
Details
Property Type Industrial
Square Footage 38,500
Cap Rate 7.00%
NOI $298,122
Occupancy 100%
Lease Term 8
Price per SqFt $110
Year Built 2005
Ground Lease No
Loading Docks 8
Dock High Doors 6
100% Occupied Investment Listing
Marketing description
Hanna Commercial is pleased to present the opportunity at 7401 First Place in Oakwood Village. This high-image industrial property, built in 2005, offers modern functionality and excellent accessibility within one of Northeast Ohio’s established business corridors. The asset benefits from immediate access to I-271 via the Broadway/Forbes exit, providing strong regional connectivity throughout the Cleveland market and surrounding areas.
The building features clear heights of up to 21 feet, making it wellsuited for a variety of warehouse and light industrial users. The property is anchored by Comfort Systems USA, a Fortune 500 company that currently leases approximately 56% of the building with 8.5 years remaining on its lease term, providing stable inplace income and long-term tenancy.
Investment highlights
- 100% Occupied Investment Listing
- Comfort Systems (ticker FIX) leases 56% - Long Term Lease!!
- High Image Property
- Immediate Highway Access
- Building Size: 38,500 sqft
- High image property
- Built in 2005
- Up to 21’ clear height
- Immediate access to I-271 / Broadway / Forbes exit
- Property is anchored by Comfort Systems (Fortune 500 company). They lease 56% of the property and have 8.5 years left on the lease
Listing Contacts
Listed by Hanna Commercial Real Estate Cleveland
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$298,122.00
$24,843.50/mo
Valuation Metrics
0
DSCR
7.01%
Cap Rate
7.01%
ROI
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Property History
Tax History
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