940 East 72nd Street, Cleveland, OH
Industrial for Sale - $650,000 - 22,344 Sq. Ft. on 49299.44 acres
Property Info
| CIMLS# | 770636 |
| Location 940 East 72nd Street Cleveland OH 44103 | |
| Updated | March 16th, 2015 |
| Type | Industrial |
| Price | $650,000 |
| Building | 22,344 Sq. Ft. |
| Land | 49299.44 acres |
Property Description
22344 Sq. Ft. Newer building for sale on Cleveland's East Side currently leased. Includes a small office section totaling approximately 1000 sq. ft.
Location Description:
Located on Cleveland's near East Side, just south of Interstate 90's East 72nd Street Exit. Property is situated with older industrial properties used mostly for heavy manufacturing. It is also adjacent to older residential homes, many of which have been abandon or in poor condition.
Highlights:
>> Fully leased warehouse near I 90; 3.25 miles from CBD
>> 22344 sq.ft. Warehouse/Truck Repair building with 1000 sq. ft. office
>> Eight large drive-in doors to facilitate truck or bus repair usage
>> 1.79 acre site with large parking and outdoor storage areas
>> Quarter mile from Interstate 90 Exit on East 72nd Street
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Financials
Sales Info:
>> Cap rate: 8.22%
>> Commision split: 50.0%
>> NOI: $53414
