34929 Curtis BlvdEastlake, OH 44095

For Sale
$7,200,000

106,868 SF, Multi-Tenant, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 106,868-square-foot multi-tenant industrial flex building situated on a 9-acre lot in Eastlake, Ohio. The property boasts a strong financial profile, with a current NOI of $661,061 and a 9.18% cap rate. The Class A building features two structures, totaling 106,868 square feet, with a 100% occupancy rate across four tenants. Built in 1979 and extensively renovated in 2023, the property includes 5 loading docks, an 18-foot clear height, and ample surface parking (approximately 0.94 spaces per 1,000 square feet). The main 104,468 square foot building sits on 7 acres, complemented by a separate 2,400 square foot building on a fenced 2-acre lot. Significant upgrades include a new roof installed in 2014 with a warranty extending to 2034, and the majority of lighting has been upgraded to energy-efficient LED fixtures. The property benefits from heavy power, exceeding 5,000 amps at 480 volts, and is zoned for light industrial use. The asking price is $7,200,000, representing a price per square foot of $67.37. The property's location in Lake County, Ohio (zip code 44095, APN 34-A-003-0-00-042-0), offers excellent access to major transportation routes. This is a turnkey investment opportunity with significant upside potential. The property is offered under a triple net lease (NNN) arrangement.

Property Details for 34929 Curtis Blvd

Property type
Other industrial properties, Flex space
Square Feet
106,868 SF
Class
A
Year Built/Renovated
1979/2023
Buildings
2
Stories
1
Lot Size (sq. ft)
392,040 SF

Location Insight

City
Eastlake
County
Lake
State
Ohio
Latitude
41.6392337
Longitude
-81.4387142
34929 Curtis Blvd, Eastlake, Ohio
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34929 Curtis Blvd
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