Multi-Tenant Industrial Investment Opportunity
77% leased | 20736 sqft
Marketing description
Investment property for sale. Looking for a great 1031 tax free exchange property? Multi-tenant industrial building in Mentor, Ohio. Built in 2006 out of masonry and steel construction. 22 units have all separated utilities (gas and electric) and drive-in doors. Flat member roof with a transferable 20-year Everguard Diamond Pledge NDL Roof Guarantee that started in 12/17/21. Steady stream of income and with few vacancies over the past 20 years. Sale does not include entire parcel and Seller will provide lot split at closing per preliminary sketch that provides Buyer approximately 1.9 acres of land with building. Rent roll and financials will be provided upon execution of SNDA document. 2025 Net income was approximately $135,591.00. Current occupancy is at 77% with gross income of $164,544 allowing for value add with addition of leased units.
Directions: Southside of Tyler Boulevard in between Hopkins Road and Heisley Road.
Investment highlights
22 Multi-Tenant Industrial Units
2025 NOI: Approximately $135,591
Value-Add Opportunity | 77% Occupied
Built in 2006 | Masonry & Steel Construction
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