3425 Service RdCleveland, OH 44111

This exceptional investment opportunity presents a 70,898-square-foot industrial property in Cleveland, Ohio, currently 100% occupied by SRC Worldwide Inc. under a 15-year sale-leaseback agreement. The property, situated on 3.48 acres, features 16-foot ceilings, four exterior docks, and three drive-in doors. Located in a thriving industrial area of southwest Cleveland, it benefits from excellent access to Interstates 90 and 71, and proximity to Cleveland Hopkins International Airport. The property's General Industry Districts (GI-B3) zoning ensures flexibility. The absolute net lease structure with 3% annual rent increases and two five-year options minimizes landlord responsibilities. With a list price of $5,317,350 and a net operating income (NOI) of $425,388, this offering boasts an attractive 8.00% capitalization rate. The tenant, SRC Worldwide Inc., a leading global producer of magnesium fluxes and anhydrous magnesium chloride, uses the property as its corporate headquarters. This sale-leaseback provides a secure, long-term investment with significant upside potential in a robust industrial market characterized by low vacancy rates. The property's address is 3425 Service Rd, Cleveland, OH 44111, with APN 021-36-009. The building is a single-tenant, single-building structure.