Listed by ParaSell Inc, Sands Investment Group, Sands Investment Group Atlanta
Unpriced
Industrial Flex - 100% Occupied (Value Add Opportunity)
Details
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 28,432
NOI $224,072
Occupancy 100%
Tenancy Multi
Year Built 1985
Year Renovated 1992
Acreage 1.100
Investment Type Value Add
Ground Lease No
100% Occupied Cleveland Industrial Flex Asset | Immediate Cash Flow + Value Add Opportunity
Marketing description
We are pleased to exclusively offer for sale the 28,432 SF Industrial Flex, 100% Occupied, property located at 1599-1657 St. Clair Avenue NE in Cleveland, OH. This fully occupied industrial/flex asset presents an attractive investment opportunity with immediate and stable in-place cash flow generated from a diverse mix of active tenants across multiple units. The property’s multi-tenant configuration helps reduce single-tenant exposure while supporting consistent and reliable income performance.
Investment highlights
- Major Venue Access: Less than 1 mile from the Cleveland Browns NFL (Huntington Bank Field), Guardians MLB (Progressive Field), and Cavaliers NBA (Rocket Mortgage FieldHouse) with a combined 121,904 seating capacity and approximately 5.1M annual visitors.
- Historic Downtown & Lake Erie Access: Part of the Historic and densely populated downtown, less than 1 mile from Lake Erie.
- Value-Add Opportunity: Several short-term and month-to-month leases, with long-term tenants, present a clear path to strengthening the rent roll through lease formalization and long-term extensions.
- Diverse Tenant Mix: A well-rounded roster of industrial/flex tenants across multiple units reduces single-tenant risk and supports consistent, reliable income.
- Strategic Infill Location: Located along St. Clair Avenue NE in Cleveland's established inner-ring corridor with convenient access to major roadways and surrounding business activity.
- 100% Occupied: The property is fully occupied with a mix of active leases, providing immediate and stable cash flow from day one.
Listing Contacts
Listed by ParaSell Inc, Sands Investment Group, Sands Investment Group Atlanta
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$224,072.00
$18,672.67/mo
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