Listed by Phoenix9 Realty
$3,999,999
Journal Storage and Warehouse Complex
Details
APN 02-01-003-150-018 02-01-003-150-019
Property Type Office, Industrial
Sub Type Distribution, Warehouse
Square Footage 65,502
Tenancy Vacant
Broker Co-Op True
Class B
Year Built 1952
Year Renovated 2024
Buildings 2
Stories 2
Acreage 1.900
Zoning Industrial
Parking Spaces spaces
Investment Type Owner/User
Ground Lease No
Ceiling Height 28
Loading Docks 2
Dock High Doors 2
65,520sq ft self storage & warehouse complex investment & Owner-User Opportunity
Marketing description
Journal Storage & Warehouse Complex
Investment & Owner-User Opportunity
Building 1 – Warehouse
25,000 SF | Owner-Occupied
- Flexible industrial layout
- Suitable for manufacturing, warehousing, distribution, or storage operations
- Mezzanine level
- Epoxy flooring throughout
- New HVAC system and furnaces
- Two loading docks
- Two drive-in doors with ramps
- Fully operational and well-maintained
Building 2 – Journal Storage
40,520 SF | 321 Climate-Controlled Units
- Two-story climate-controlled self-storage facility
- 321 storage units
- New HVAC system (2025)
- Full fire sprinkler system
- Freight elevator
- High-efficiency loading dock
- Covered drive-through carport
- Built in 1953 | Renovated in 2024
- Vacant and ready for immediate lease-up
Operating Expenses (Annual)
Sale Notes
- Self-storage facility currently vacant and positioned for immediate lease-up
- Warehouse building fully operational
- Attractive value-add investment opportunity
- Ideal for investors seeking storage and industrial exposure
- Suitable owner-user acquisition with future income growth potential
Investment highlights
Investment Highlights
- Two-building industrial and self-storage complex totaling 65,520 SF
- Projected stabilized cap rate: *6%
- Projected cap rate is based on stabilized occupancy assumptions and projected income. The self-storage facility is currently vacant.
- Newly renovated climate-controlled self-storage facility with 321 units(vacant)
- Owner-occupied warehouse suitable for manufacturing, distribution, storage, or light industrial operations
- Concrete construction with newer flat roofs
- Strong utility infrastructure and on-site parking
- Value-add opportunity through lease-up of vacant self-storage facility
- Strategic location in Lorain, Ohio with convenient regional access
Property Overview
The Journal Storage & Warehouse Complex presents a rare opportunity to acquire a renovated self-storage asset combined with a highly functional industrial warehouse.
The property consists of two buildings totaling 65,520 square feet and offers both investment and owner-user potential.
The self-storage facility has recently undergone extensive renovations and is currently vacant, providing an immediate lease-up opportunity.
The adjacent warehouse is owner-occupied and fully operational, offering flexibility for continued occupancy or future leasing.
Listing Contacts
Listed by Phoenix9 Realty
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Zoning
I-1 IndustrialLight IndustrialLight Industrial
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