7471 Tyler Blvd., Mentor, OH
Industrial for Sale - $1,100,000 - 48,640 Sq. Ft. on 2.46 acres
Property Info
CIMLS# | 873805 |
Location 7471 Tyler Blvd. Mentor OH 44060 | |
Updated | September 14th, 2016 |
Type | Industrial |
Price | $1,100,000 |
Building | 48,640 Sq. Ft. |
Land | 2.46 acres |
Property Description
Multi-Tenant Industrial/Office/Warehouse Flex property that can accommodate up to 20 tenants. 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. 306 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:
>> 48,640 sq.ft. of Office/Industrial Flex space
>> Ideally located in heart of Mentor's industrial/commercial area
>> Motivated Seller
>> Served by two major highway interchanges
>> Ideal for smaller tenants as little as 1000 sq.ft.
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Financials
Sales Info:
>> Cap rate: 12.29%
>> Commision split: 5.0%
>> NOI: $135232