Multi-Tenant Industrial/Office/Warehouse property that can accommodate up to 10 tenants. Extraordinary opportunity for user investor to lease some or all vacant space and occupy space RENT FREE. Some of the units have as much as 30 % office. It is part of a two building complex with a second building of similar size and configuration which is also for sale. Ideally located in the heart of one of the Industrial/Commercial areas of Mentor with good freeway access.

Location Description:

This multi-tenant industrial flex space property is located in Mentor, an eastern suburb of Cleveland, Ohio, approximately 35 minutes from downtown Cleveland, within .5 and 1.5 miles respectively of Rt. 306 exits at Highway Rt. 2 and I 90. Rt. 2 is a heavily traveled North South artery connected to the two exits. It has numerous service oriented retail including restaurants, hotel and convenience gas stations. This part of Mentor has 100's of industrial space users doing assembly, warehousing and light manufacturing. Mentor is strategically located in the middle of America's largest concentration of consumer and industrial markets. It is in the center of a 500 mile radius that contains half of the population of the United States and Canada

Highlights:

>> 25,653 sq.ft. of Office/Industrial space

>> New roof, parking lot and striping in 2016

>> Rent roll includes a new 5 year lease with Siemens USA for 40% of building

>> Great user/investor opportunity with 7500 sq.ft. of contiguous vacant space

>> Actual NOI before vacancy leased = $69,245; covers mortgage payment

>> Ideally located in heart of Mentor's industrial/commercial area

>> Highway visibility from Rt. 2 and located at Rt. 2/Rt. 306 Exit

>> A similar building adjacent to this building's site is also available

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Sales Info:

>> Cap rate: 10.84%

>> Commision split: 50.0%

>> NOI: $102995