Listed by ParaSell Inc, Sands Investment Group Austin
$3,300,000
Ohio Aluminum - Bedford, OH
Details
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 41,250
Cap Rate 7.5%
NOI $247,500
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 2 x 10 Year Options
Price per SqFt $80
Year Built 1970
Acreage 2.670
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition Sale for leaseback
ABS NNN Industrial Sale-Leaseback | Long-Term 15-Year Lease | Strong Financials | Cleveland MSA
Marketing description
We are pleased to exclusively offer for sale a 41,250 SF manufacturing facility in Cleveland, currently operated by Ohio Aluminum Industries. Ohio Aluminum is seeking to execute a 15-year sale-leaseback at the close of escrow to raise funds to help fuel its rapid growth. This is a rare opportunity to partner with a growing operator and acquire an industrial asset secured by a long-term Absolute Triple Net (NNN) Lease, featuring strong 2.5% annual rent increases.
Investment highlights
- Strong Guarantee From Growing Operator: Ohio Aluminum has seen rapid growth and increased revenues over the last 3 years due to an uptick in airplane sales and increased production lines from Boeing and Airbus. Proceeds from the sale will be used to help fuel the tenant's rapid growth.
- Mission Critical Facility: Ohio Aluminum recently expanded its manufacturing operations into this facility, making it critical for the tenant's business. Due to this facility being located less than 10 miles away from Ohio Aluminum's foundry facility and the presence of heavy equipment and machinery, it is unlikely the tenant will ever look to relocate.
- Long-Term Absolute Triple Net (NNN) Lease Structure: Rare opportunity to acquire an industrial manufacturing asset secured by a long-term 15-year ABS NNN lease. Lease also offers annual 2.5% rent increases to help investors hedge against inflation.
- Healthy Rent and Coverage: Rents are set at market rate for the area and fall within a healthy EBITDAR coverage range. This positioning makes it a safe and stable investment opportunity for potential investors.
- Strategically Located: The property boasts strong highway access, strategically positioned for easy connectivity to Interstate 480 (I-480) and both Ohio State Routes 8 and 14. This prime location enhances its functionality for industrial users, ensuring efficient transportation and logistics capabilities.
Listing Contacts
Listed by ParaSell Inc, Sands Investment Group Austin
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$247,500.00
$20,625.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
Map
Zoning
I-1 IndustrialIndustrial Districts
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View all 16 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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