14800 Foltz Industrial PkwyStrongsville, OH 44136

For Sale
$4,137,931

20-Year NNN Lease, 7.25% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a fee-simple ownership of a 20,218-square-foot warehouse located at 14800 Foltz Industrial Pkwy, Strongsville, OH 44136. The property sits on a 4.02-acre lot and is currently 100% occupied by LLK Greenhouse Solutions under a 20-year triple-net (NNN) lease with a corporate guarantee. The lease commenced upon the closing of escrow and features annual rent bumps of 3%, ensuring consistent income growth. The current annual net operating income (NOI) is $300,000, resulting in an attractive 7.25% capitalization rate. The lease provides for 4 or 5-year lease options. This warehouse serves as the primary production, inventory, and operations facility for LLK Greenhouse Solutions, a financially stable tenant. The property benefits from its strategic location in a prime industrial corridor of Strongsville, Ohio, near major companies such as Applied MSS, Schaeffler Group, and others. Its proximity to downtown Cleveland further enhances its desirability. This is a rare opportunity to acquire a stable, high-yielding industrial property with long-term lease security and significant upside potential. The asking price is $4,137,931.

Highlights

  • Full-service industrial property currently occupied by LLK Greenhouse Solutions.
  • Prime industrial location near Applied MSS, Schaeffler Group, and other major industrial tenants.
  • Excellent location, approximately 10 miles from downtown Cleveland, Ohio.

Property Details for 14800 Foltz Industrial Pkwy

Property type
Other warehouses, Other industrial properties
Square Feet
20,218 SF
Lot Size (sq. ft)
175,111 SF

Location Insight

City
Strongsville
County
Cuyahoga
State
Ohio
Latitude
41.3074327
Longitude
-81.8724188
14800 Foltz Industrial Pkwy, Strongsville, Ohio

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14800 Foltz Industrial Pkwy
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