Property Listing No Longer Available for Sale

1420-1446 East 357th Street

Eastlake, OH

Industrial for Sale - $595,000 - 41,202 Sq. Ft.


Property Info

CIMLS#873803
Location
  1420-1446 East 357th Street
  Eastlake OH 44095
UpdatedNovember 14th, 2016
TypeIndustrial
Price$595,000
Building41,202 Sq. Ft.

Property Description

Multi-Tenant Industrial/Commercial property including 9161 sq.ft. of office space, 7,926 sq.ft of retail space with frontage on heavily traveled Vine Street and 27,344 sq. ft of warehouse space. Ideally located in the heart of the Industrial/Commercial area of Eastlake.

Location Description:

Property is located approximately 30 minutes from downtown Cleveland, Ohio, close to the intersection of Vine Street and Route 91, a major intersection in Eastlake, Ohio. At that intersection is the Lake Erie Captains' minor league baseball stadium. This intersection is a quarter of a mile from Route 2, which is an expressway that leads to I 90 and I 271. Vine Street is also an exit off Route 2 to the east of the property. Effectively, East 357th Street is served by two prominent freeway interchanges. The property is surrounded by numerous retail establishments on Vine Street and other industrial users on side streets off Vine Street.

Highlights:

>> User-investor opportunity with 22,833 sq. ft. of warehouse space available

>> Existing tenants' rents pays mortgage payment

>> 44,431 sq.ft of Industrial/Commercial space

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

>> Served by two interchanges off Route 2

>> Frontage on heavily traveled Vine Street

* Email for additional photos


Financials

Sales Info:

>> Cap rate: 10.65%

>> Commision split: 50.0%

>> NOI: $63373


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