Property Summary Report - Wickliffe...Page 4 3/4/2021 Property Summary Report 29111-29119 Anderson...

3/4/2021

Property Summary Report

28913-28921 Anderson Rd - Master GrindingWickliffe, OH 44092 - Wickliffe/Willowick Submarket

BUILDING

Type 1 Star Industrial Manufacturing

Tenancy Multi

Year Built 1950

RBA 9,405 SF

Stories 1

Typical Floor 9,405 SF

Ceiling Ht 12'-14'

Construction Masonry

LAND

Land Acres 0.41 AC

Zoning I

Parcel 29-A-008-E-00-036

EXPENSES

Taxes $0.64/SF (2019)

LOADING

Docks None

Rail Spots None

Drive Ins 5 tot./10' w x 10' h

POWER & UTILITIES

Utilities Heating, Lighting - Fluorescent

FOR LEASE

Smallest Space 820 SF

Max Contiguous 820 SF

# of Spaces 1

Vacant 820 SF

% Leased 91.3%

Rent $5.00

Service Type Triple Net

Industrial Avail 820 SF

AVAILABLE SPACES

Floor Suite Use Type SF Available Flr Contig Bldg Contig Rent Occupancy Term

P 1st 28913 Industrial Direct 820 820 820 $5.00/NNN Vacant Negotiable

Green Bridge Real Estate

Unit 28913 is now available for Lease. A roughly 820 SF indsutrial flex unit with a shop bathroom and a drive in door. Please email or call to schedule a viewing today.

Copyrighted report licensed to CoStar Group

3/4/2021


28913-28921 Anderson Rd - Master GrindingWickliffe, OH 44092 - Wickliffe/Willowick Submarket

SALE

Sold Price $145,000 ($15.42/SF)

Date Jun 2015

Sale Type Investment

TRANSPORTATION

Parking 2 available (Surface);Ratio of 0.21/1,000 SF

Airport 40 min drive to Cleveland Hopkins International Airport

Walk Score® Car-Dependent (37)

Transit Score® Minimal Transit (0)

TENANTSEM Remodeling 1,800 SF

Natural Way 1,620 SF

Ed Jasckson Car Resale 1,620 SF

NNS 650 SF

PROPERTY CONTACTS

Primary Leasing Company Cushman & Wakefield | CRESCO Real Estate

3 Summit Park Dr

Independence, OH 44131

(216) 520-1200 (p)

(216) 520-1828 (f)

True Owner Beachland Rentals LLC

7541 Whitemarsh Way

Hudson, OH 44236

(330) 650-5748 (p)

Previous True Owner Rose Marie Micale

6147 Bryson Dr

Mentor, OH 44060

(440) 257-9775 (p)

Leasing Company Green Bridge Real Estate

7155 Pearl Rd

Cleveland, OH 44130

(216) 452-9292 (p)

Recorded Owner Beachland Rentals LLC

7541 Whitemarsh Way

Hudson, OH 44236

(330) 650-5748 (p)

MARKET CONDITIONS

Vacancy Rates Current YOY Change

Subject Property 8.7% 8.7%

Submarket 1-2 Star 4.4% -1.7%

Market Overall 4.9% 0.3%

Market Rent Per Area Current YOY Change

Subject Property $5.00/SF 42.9%

Submarket 1-2 Star $4.73/SF 1.2%

Market Overall $5.15/SF 2.2%

Submarket Leasing Activity Current YOY Change

12 Mo. Leased 151,431 SF 94.0%

Months on Market 6.9 -13.1 mo

Submarket Sales Activity Current Prev Year

12 Mo. Sales Volume (Mil.) $7.38M $10.89M

12 Mo. Price Per Area $33/SF $32/SF


3/4/2021


29111-29119 Anderson RdWickliffe, OH 44092 - Wickliffe/Willowick Submarket

BUILDING


Tenancy Multi

Year Built 1980

RBA 14,000 SF

Stories 1



LAND

Land Acres 1.00 AC

Zoning Industrial

EXPENSES

Taxes $1.21/SF (2019)

PARCEL

29-A-008-K-00-004, 29-A-008-K-00-005, 29-a-008-k-00-006, 29-a-008-k-00-007

LOADING

Docks 1 ext

Cross Docks None

Rail Spots None

Drive Ins None

Cranes None

POWER & UTILITIES

Power 100a/100v

Utilities Gas - Natural, Heating - Gas, Lighting - Fluorescent, Sewer - City, Water -

FOR LEASE

Smallest Space

1,200 SF

Max Contigu-ous

1,410 SF

# of Spaces 2

Vacant 2,610 SF

% Leased 81.4%

Rent $8.00


Office Avail 1,410 SF

Industrial Avail 1,200 SF

Total Avail 2,610 SF

AVAILABLE SPACES


P 1st Industrial Direct 1,200 1,200 1,200 $8.00/NNN Vacant 3 - 10 Years

800 Frank Road Llc

P 1st lower Office Direct 1,410 1,410 1,410 $5.32/NNN Vacant 3 - 10 Years

800 Frank Road Llc

The Office space is 1410 Sq foot, 1st floor office triple net, 2 restrooms and one with a shower, 4 private offices , a conference room and open areas for more flexible office space.


3/4/2021


29111-29119 Anderson RdWickliffe, OH 44092 - Wickliffe/Willowick Submarket

SALE

Sold Price $200,000 ($14.29/SF)

Date Feb 2020

Financing 1st Mortgage

Bal/Pmt: $150,000/-

TRANSPORTATION





TENANTSAdvanced Hydraulic Systems -

PROPERTY CONTACTS

Primary Leasing Company 800 Frank Road Llc

599 Frank Rd

Columbus, OH 43223

(614) 443-3425 (p)

Recorded Owner Wysocki-rhodes Properties Llc

29135 Anderson Rd

Wickliffe, OH 44092

Property Manager TFX, Inc.

30831 Euclid Ave

Wickliffe, OH 44092

(800) 521-6834 (p)

True Owner Frank Berzin

1770 E 227th St

Euclid, OH 44117

(216) 943-3333 (p)

Recorded Owner Frank Berzin

1770 E 227th St

Euclid, OH 44117

(216) 943-3333 (p)

MARKET CONDITIONS










12 Mo. Leased 151,431 SF 94.0%






3/4/2021


29301 Clayton AveWickliffe, OH 44092 - Wickliffe/Willowick Submarket

BUILDING

Type 3 Star Industrial Service

Year Built 1900

RBA 274,312 SF

Stories 1


LAND

Land Acres 6.31 AC

Zoning Commercial

Parcel 29-A-004-G-00-024

EXPENSES

Taxes $0.35/SF (2019)

LOADING

Drive Ins 2 tot. Rail Spots None

FOR LEASE

Smallest Space

17,163 SF

Max Contigu-ous

17,163 SF

# of Spaces 1

Vacant 0 SF

% Leased 100.0%

Rent $4.00



AVAILABLE SPACES


P 1st Office Industrial Direct 17,163/1,000 ofc

17,163 17,163 $4.00/NNN 30 Days Negotiable

CBRE

TRANSPORTATION





3/4/2021


29301 Clayton AveWickliffe, OH 44092 - Wickliffe/Willowick Submarket

PROPERTY CONTACTS

Primary Leasing Company CBRE

950 Main Ave

Cleveland, OH 44113

(216) 687-1800 (p)

(216) 363-6466 (f)

True Owner Saint Paul Properties

274 E Fillmore Ave

Saint Paul, MN 55107

(651) 228-2202 (p)

MARKET CONDITIONS


Subject Property 0.0% -16.3%




Subject Property $4.00/SF

Submarket 2-4 Star $4.52/SF -1.3%



12 Mo. Leased 151,431 SF 94.0%






3/4/2021


28940 Euclid Ave - ISTRA Party CenterWickliffe, OH 44092 - Northeast Submarket

BUILDING

Type 2 Star Retail Freestanding

Tenancy Multi

Year Built 1957

GLA 16,000 SF

Stories 1


Docks None


LAND

Land Acres 1.76 AC

Zoning GB

Parcel 29-B-008-F-00-001

EXPENSES

Taxes $1.20/SF (2019)

AMENITIES

• Freeway Visibility • Signalized Intersection

FOR LEASE

Smallest Space

1,500 SF

Max Contigu-ous

16,000 SF

# of Spaces 3

Vacant 16,000 SF

% Leased 0%

Rent $5.00


Office/Ret Avail

1,500 SF

Retail Avail 14,500 SF


AVAILABLE SPACES


P 1st Retail Direct 9,000 16,000 16,000 $5.00/NNN Vacant Negotiable

Global Real Estate Advisors, Inc.

P 1st Off/Ret Direct 1,500 16,000 16,000 $5.00/NNN Vacant Negotiable


P 1st Retail Direct 5,500 16,000 16,000 $5.00/NNN Vacant Negotiable



3/4/2021



SALE

For Sale $495,000 ($30.94/SF)

Sale Type Investment or Owner User

Status Active

Last Sale

Sold Price $500,000 ($31.25/SF)

Date Nov 2004

Sale Type Owner User

Financing Down Payment of $60,000 (12%)

1st Mortgage

TRAFFIC & FRONTAGE

Traffic Volume 8,871 on Euclid Avenue & E 291st St NE (2020)

9,126 on Euclid Ave & E 291st St SW (2020)

Frontage 211' on Euclid Ave

250' on W 290th Street

Made with TrafficMetrix® Products

TRANSPORTATION





PROPERTY CONTACTS

Primary Leasing Company Global Real Estate Advisors, Inc.

8585 East Ave

Mentor, OH 44060

(440) 255-5552 (p)

(440) 255-5553 (f)

True Owner Kondaur Capital Corporation

333 S Anita Dr

Orange, CA 92868

(888) 566-3287 (p)

(877) 566-3287 (f)

Previous True Owner Charles A. Bakula

2862 Mathers Way

Twinsburg, OH 44087

(330) 487-5446 (p)

Sales Company Global Real Estate Advisors, Inc.

8585 East Ave

Mentor, OH 44060

(440) 255-5552 (p)

(440) 255-5553 (f)

Recorded Owner Wilmington Svgs Fund So 2017-2

333 S Anita Dr

Orange, CA 92868


3/4/2021



MARKET CONDITIONS



Submarket 1-3 Star 6.7% 0.7%





Market Overall $13.68/SF -1.6%


12 Mo. Leased 566,815 SF 26.2%

Months on Market 17.8 4.2 mo




BUILDING NOTES

Entire building in excellent condition! Retail space is occupied. Party center is per booking basis. Bocci courts! Prime location!

SALE HIGHLIGHTS

• PRICE REDUCED from $550,000 to $495,000


3/4/2021


29215-29239 Euclid AveWickliffe, OH 44092 - Northeast Submarket

BUILDING

Type 2 Star Retail Storefront Retail/Office

Tenancy Multi

Year Built 1964

GLA 27,653 SF

Stories 1


Docks 1 ext


LAND

Land Acres 1.27 AC

Zoning Commercial

Parcel 29-A-004-E-00-001

EXPENSES

Opex $2.11/SF (2011-Est); $2.11/SF (2010)

Taxes $0.92/SF (2019)

TENANTSDollar General 7,925 SF

Titan Tax 2,900 SF

Lake Nutrition 1,280 SF

Marlene's Bakers Supply 500 SF

Cash Smart 4,374 SF

The Blue Space 2,800 SF

Glam 500 SF

AMENITIES

• Pylon Sign • Signage

• Signalized Intersection

FOR LEASE

Smallest Space

1,870 SF

Max Contigu-ous

8,500 SF

# of Spaces 3

Vacant 10,039 SF

% Leased 63.7%

Rent $4.76 - 6.41


CAM $2.42 - 10.55/-SF



3/4/2021



AVAILABLE SPACES


P 1st Retail Direct 8,500 8,500 8,500 Withheld 30 Days Negotiable

CBRE

P 1st 29229-31Retail Direct 8,169 8,169 8,169 $4.76/NNN Vacant Negotiable

Arnold Trust & Realty

P 1st 29225 Retail Direct 1,870 1,870 1,870 $6.41/NNN Vacant Negotiable

Arnold Trust & Realty

Needs full build-out. Will provide a substantial contribution to any potential Lessee.

TRAFFIC & FRONTAGE

Traffic Volume 13,791 on Euclid Ave & E 293rd St SW (2020)

9,806 on Lloyd Rd & Euclid Ave SE (2020)

Frontage 135' on 293rd St

244' on Euclid Ave

128' on Lloyd Rd


TRANSPORTATION



Walk Score® Somewhat Walkable (52)


PROPERTY CONTACTS

Primary Leasing Company Arnold Trust & Realty

34301 Chardon Rd

Willoughby Hills, OH 44094

(216) 292-5540 (p)

(216) 292-4995 (f)

True Owner Arnold Trust & Realty

34301 Chardon Rd


(216) 292-5540 (p)

(216) 292-4995 (f)

Property Manager Arnold Trust & Realty

34301 Chardon Rd


(216) 292-5540 (p)

(216) 292-4995 (f)

Leasing Company CBRE

950 Main Ave

Cleveland, OH 44113

(216) 687-1800 (p)

(216) 363-6466 (f)

Recorded Owner Arnold Realty Llc

30539 Pinetree Rd

Pepper Pike, OH 44124


3/4/2021



MARKET CONDITIONS










12 Mo. Leased 566,815 SF 26.2%






3/4/2021


30150-30250 Euclid Ave - Town SquareWickliffe, OH 44092 - Northeast Submarket

BUILDING

Type 2 Star Retail Freestanding (Com-munity Center)

Tenancy Multi

Year Built 1970

GLA 135,112 SF

Stories 1


Docks 2 ext


LAND

Land Acres 6.96 AC

Zoning GB

EXPENSES

Opex $2.18/SF (2008)

Taxes $0.74/SF (2019)

PARCEL

29-B-003-M-00-001, 29-B-003-M-05-016

TENANTS• Gabe's 65,130 SF

Fitness 19 3,000 SF

Antique & Unique 500 SF

Lake County Title Division -

• Dollar Tree 11,000 SF

Nationwide 1,000 SF

T-N-T Tanning Salon 500 SF

Wickliffe BMV License Services -• Anchor

AMENITIES

• Pylon Sign • Signage

• Signalized Intersection

FOR LEASE

Smallest Space

861 SF

Max Contigu-ous

10,395 SF

# of Spaces 5

Vacant 5,061 SF

% Leased 96.3%

Rent $8.00 - 12.00

CAM $2.05 - 2.25/SF



3/4/2021



AVAILABLE SPACES


P 1st 30240 Retail Direct 10,395 10,395 10,395 $10.00/NNN 30 Days 3 - 7 Years

Green Earth Realty

This space is a fully build out, operating fitness center. The shopping center has a lot of foot traffic and great visibility from the street!!! Currently, the owner is converting all lighting to LED lighting throughout the exterior of the center. Our end cap space has a great drive through capability and would be good for restaurant use.

P 1st 30182 Retail Direct 1,425 1,425 1,425 $12.00/NNN 30 Days 3 - 5 Years

Green Earth Realty

This space in completely finished out with nice floors, upgraded paint and a breakroom! This is move in ready!

P 1st 30184 Retail Direct 2,325 2,325 2,325 $12.00/NNN Vacant 3 - 5 Years

Green Earth Realty

This space is finished out and ready for move in. It has nice flooring and a breakroom! Busy shopping center with plenty of visibility and foot traffic.

P 1st 30150A Retail Direct 861 861 861 $8.00/FS Vacant 3 - 5 Years

Green Earth Realty

This space can be used for storage or light assembly. It has electricity but no hvac or restrooms.

P 1st 30250 Retail Direct 1,875 1,875 1,875 $12.00/NNN Vacant 3 - 5 Years

Green Earth Realty

This Suite has a drive through window and is in a high foot traffic center. Perfect for a coffee shop or pharmacy.

SALE

Sold Price Not Disclosed - Part of Portfolio

Date Jan 2020


Properties 15

TRAFFIC & FRONTAGE

Traffic Volume 13,791 on Euclid Ave & Arbor St SW (2020)

14,151 on Euclid Ave & Lee Terrace Dr NE (2016)


TRANSPORTATION






3/4/2021



PROPERTY CONTACTS

Primary Leasing Company Green Earth Realty

6220 Campbell Rd

Dallas, TX 75248

(214) 351-2922 (p)

(214) 351-2712 (f)

Recorded Owner Town Square Wickliffe LLC

70 NE Loop 410

San Antonio, TX 78216

Previous True Owner Kimco Realty Corporation

500 N Broadway

Jericho, NY 11753

(516) 869-9000 (p)

(516) 869-9001 (f)

True Owner Green Earth Realty

6220 Campbell Rd

Dallas, TX 75248

(214) 351-2922 (p)

(214) 351-2712 (f)

Previous True Owner Spigel Properties

70 NE Loop 410

San Antonio, TX 78216

(210) 349-3636 (p)

(210) 366-9422 (f)

MARKET CONDITIONS










12 Mo. Leased 566,815 SF 26.2%





BUILDING NOTES

Town Square is located in a prominent position along Euclid Ave. in Wickliffe, Ohio.

Physical structures include one multi-tenant building and two outlot buildings (the ATM and New Wong restaurant).

Town Square, anchored by Gabriel Brothers, also features Big Lots, Dollar General and Dollar Tree.


3/4/2021


28914 Lakeland BlvdWickliffe, OH 44092 - Wickliffe/Willowick Submarket

BUILDING


Tenancy Single

Year Built 1950

RBA 20,500 SF

Stories 1


Ceiling Ht 16'


LAND

Land Acres 2.10 AC

Zoning LIR

EXPENSES

Taxes $1.27/SF (2019)

PARCEL

29-A-008-0-00-002, 29-A-008-0-00-003

LOADING

Docks 1 ext

Cross Docks None

Rail Spots None


Cranes None

POWER & UTILITIES

Power 600a/ 3p

FOR LEASE

Smallest Space

20,500 SF

Max Contigu-ous

20,500 SF

# of Spaces 1

Vacant 0 SF

% Leased 100.0%

Rent $5.00

Service Type Full Service Gross


AVAILABLE SPACES


P 1st Industrial Direct 20,500 20,500 20,500 $5.00/FS 30 Days Negotiable

CBRE


3/4/2021



SALE

Sold Price $1,300,000 ($10.88/SF) - Portfolio Price

Date Dec 2020


Properties 3

Financing 1st Mortgage: First Federal Savings & Loan Asso. of Lakewood

Bal/Pmt: $975,000/-

TRANSPORTATION




PROPERTY CONTACTS


950 Main Ave

Cleveland, OH 44113

(216) 687-1800 (p)

(216) 363-6466 (f)

Recorded Owner Vadakin Fam Ltd Ptnrshp

18222 Lanken Ave

Cleveland, OH 44119

Previous True Owner Umicore Specialty Materials Recycl Llc

28960 Lakeland Blvd

Wickliffe, OH 44092

(440) 833-3055 (p)

True Owner William P. Vadakin

7635 Chesterbrook

Chesterland, OH 44026

(440) 543-6870 (p)

Previous True Owner Umicore USA

3600 Glenwood Ave

Raleigh, NC 27612

(919) 874-7171 (p)

(919) 874-7140 (f)

Previous True Owner Yanesh Brothers Construction Co., Inc.

28914 Lakeland Blvd

Wickliffe, OH 44092

(440) 943-2020 (p)

(440) 943-5430 (f)

MARKET CONDITIONS










12 Mo. Leased 151,431 SF 94.0%






3/4/2021



BUILDING NOTES

Building was sold to Yanesh Brothers Contracting Company by Try-Hard Inc. Yanesh Brothers was represented by an undisclosed entity and Try-Hard Inc. was represented by CB Richard Ellis.


3/4/2021



BUILDING


Tenancy Single

Year Built 1981

RBA 63,310 SF

Stories 1


Ceiling Ht 10'-16'


LAND

Land Acres 5.20 AC

Zoning Industrial

EXPENSES

Taxes $0.36/SF (2019)

PARCEL

29-A-004-0-00-010, 29-A-004-0-00-028, 29-A-004-0-00-029

LOADING

Docks 1 ext

Cross Docks None

Drive Ins 5 tot.

Rail Spots None

FEATURES

• Fenced Lot

FOR LEASE

Smallest Space

4,800 SF

Max Contigu-ous

35,000 SF

# of Spaces 3

Vacant 0 SF

% Leased 100.0%

Rent $5.00

Service Type Full Service Gross




AVAILABLE SPACES


P 1st 3 Industrial Direct 13,500 13,500 13,500 $5.00/FS 30 Days Negotiable

CBRE

P 1st 2 Office Direct 4,800 4,800 4,800 $8.00/MG 30 Days Negotiable

CBRE


3/4/2021




P 1st 1 Industrial Direct 35,000 35,000 35,000 $5.00/FS 30 Days Negotiable

CBRE

SALE


Date Dec 2020


Properties 3


Bal/Pmt: $975,000/-

TRANSPORTATION




TENANTSUmicore Specialty Materials Recycl Llc 63,310 SF

PROPERTY CONTACTS


950 Main Ave

Cleveland, OH 44113

(216) 687-1800 (p)

(216) 363-6466 (f)


18222 Lanken Ave

Cleveland, OH 44119


28960 Lakeland Blvd

Wickliffe, OH 44092

(440) 833-3055 (p)

Previous True Owner The Hall Chemical Company

28960 Lakeland Blvd

Wickliffe, OH 44092

(440) 944-8500 (p)

(440) 943-8405 (f)


7635 Chesterbrook


(440) 543-6870 (p)


3600 Glenwood Ave

Raleigh, NC 27612

(919) 874-7171 (p)

(919) 874-7140 (f)

Previous True Owner Cp Metals Trading, Lp

418 S Cascade St

New Castle, PA 16101

(724) 656-7101 (p)


3/4/2021



MARKET CONDITIONS










12 Mo. Leased 151,431 SF 94.0%






3/4/2021



BUILDING


Tenancy Single

Year Built 1900

RBA 35,700 SF

Stories 1


Ceiling Ht 10'-24'

LAND

Land Acres 3.20 AC

Zoning Commercial

Parcel 29-A-004-0-00-008

LOADING

Docks 1 int

Cross Docks None

Drive Ins 8 tot.

Rail Spots None

FOR LEASE

Smallest Space

2,000 SF

Max Contigu-ous

12,000 SF

# of Spaces 5

Vacant 0 SF

% Leased 100.0%

Rent $5.00 - 6.00

Service Type Modified Gross


AVAILABLE SPACES


P 1st 5 Industrial Direct 9,800 9,800 9,800 $5.00/MG 30 Days Negotiable

CBRE


CBRE


CBRE


CBRE


3/4/2021





CBRE

SALE


Date Dec 2020


Properties 3


Bal/Pmt: $975,000/-

TRANSPORTATION




TENANTSumicore 32,542 SF

PROPERTY CONTACTS


950 Main Ave

Cleveland, OH 44113

(216) 687-1800 (p)

(216) 363-6466 (f)


18222 Lanken Ave

Cleveland, OH 44119


28960 Lakeland Blvd

Wickliffe, OH 44092

(440) 833-3055 (p)


7635 Chesterbrook


(440) 543-6870 (p)


3600 Glenwood Ave

Raleigh, NC 27612

(919) 874-7171 (p)

(919) 874-7140 (f)


3/4/2021



MARKET CONDITIONS










12 Mo. Leased 151,431 SF 94.0%






3/4/2021


1366 Lloyd RdWickliffe, OH 44092 - Wickliffe/Willowick Submarket

BUILDING

Type 2 Star Industrial Warehouse

Tenancy Multi

Year Built 1960

RBA 9,724 SF

Stories 1


Ceiling Ht 10'-16'


LAND

Land Acres 1.00 AC

Zoning I

Parcel 29-A-008-D-00-014

EXPENSES

Taxes $0.89/SF (2019)

LOADING

Docks None

Cranes None


Rail Spots None

POWER & UTILITIES

Power 1p Heavy

Utilities Gas - Natural, Heating - Electric, Lighting - Fluorescent, Sewer - City,

FEATURES

• Property Manager on Site

FOR LEASE

Smallest Space

4,400 SF

Max Contigu-ous

4,400 SF

# of Spaces 1

Vacant 0 SF

% Leased 100.0%

Rent $5.00


Flex Avail 4,400 SF

AVAILABLE SPACES


P 1st G &H Flex Direct 4,400/1,100 ofc 4,400 4,400 $5.00/NNN 60 Days Negotiable

Julianna Investments


3/4/2021



TRANSPORTATION





TENANTSHighland Landscape Supply -

Tri D Plumbing LLC -

State Farm -

PROPERTY CONTACTS

Primary Leasing Company Julianna Investments

1366 Llyod Rd

Wickliffe, OH 44092

(440) 494-7633 (p)

Property Manager Julianna Investments

1366 Llyod Rd

Wickliffe, OH 44092

(440) 494-7633 (p)

Recorded Owner Julianna Investments

1366 Llyod Rd

Wickliffe, OH 44092

(440) 494-7633 (p)

MARKET CONDITIONS










12 Mo. Leased 151,431 SF 94.0%





BUILDING NOTES

This building has a DECRA metal roof about 10 yrs old and includes a 50 yr transferable warranty.

There is an additional 27,000 Square Feet of parking or yard space located in the rear of the building.


3/4/2021



BUILDING

Type 2 Star Flex Light Manufacturing

Tenancy Multi

Year Built 1979

RBA 5,250 SF

Stories 1


Ceiling Ht 12'8"

LAND

Land Acres 0.79 AC

Zoning CM,Comm Manuf

Parcel 29-A-008-D-00-019

EXPENSES

Taxes $1.95/SF (2019)

LOADING

Docks None

Cranes None


Rail Spots None

POWER & UTILITIES

Power 200a/240v 3p

Utilities Gas - Natural, Heating - Gas, Sewer - City, Water - City

FOR LEASE

Smallest Space 5,250 SF

Max Contiguous 5,250 SF

# of Spaces 1

Vacant 0 SF

% Leased 100.0%

Rent $6.50

Service Type Net

Flex Avail 5,250 SF

AVAILABLE SPACES


P 1st Flex Direct 5,250/3,005 ofc 5,250 5,250 $6.50/N 30 Days Negotiable

Hanna Commercial Real Estate

3,00r SF Office Area2,245 SF Warehouse AreaTwo 10' x 10' Drive-in Doors13' clear height240V / 200Amp/3-Phase Power


3/4/2021



SALE

For Sale $325,000 ($61.91/SF)


Status Active

Last Sale

Sold Price $260,000 ($49.52/SF)

Date Dec 2011


Financing 1st Mortgage: Fifth Third Bank

TRANSPORTATION





TENANTSFulton & Assoc -

PROPERTY CONTACTS

Primary Leasing Company Hanna Commercial Real Estate

1350 Euclid Ave

Cleveland, OH 44115

(216) 861-7200 (p)

(216) 861-4672 (f)

True Owner Dominic R Mazzolini

10185 Karaboo Trl

Painesville, OH 44077

(440) 665-0903 (p)

Previous True Owner Lapis Business Solutions

1410 Lloyd Rd

Wickliffe, OH 44092

(440) 347-0700 (p)

(440) 347-0747 (f)

Sales Company Hanna Commercial Real Estate

1350 Euclid Ave

Cleveland, OH 44115

(216) 861-7200 (p)

(216) 861-4672 (f)

Recorded Owner Mazzolini Properties LLC

38741 Edward Walsh Dr

Willoughby, OH 44094


3/4/2021



MARKET CONDITIONS










12 Mo. Leased 151,431 SF 94.0%

Months on Market 9.6




BUILDING NOTES

This freestanding masonry building has a high traffic count, and is easily accssible to Route 2 and I-90.


3/4/2021


1350 Rockefeller RdWickliffe, OH 44092 - Wickliffe/Willowick Submarket

BUILDING


Tenancy Multi

Year Built 1961

RBA 106,000 SF

Stories 1


Ceiling Ht 22'-24'

Columns 20'w x 40'd


LAND

Land Acres 4.08 AC

Zoning I

Parcel 29-A-004-G-00-023

EXPENSES

Taxes $0.45/SF (2019)

LOADING

Docks 6 ext 2 int

Cross Docks None

Rail Spots None


Cranes None

FOR LEASE

Smallest Space

106,000 SF

Max Contigu-ous

106,000 SF

# of Spaces 1

Vacant 106,000 SF

% Leased 0%

Rent $4.00

Service Type Modified Gross


AVAILABLE SPACES


P 1st Industrial Direct 106,000 106,000 106,000 $4.00/MG Vacant Negotiable

CBRE


3/4/2021



SALE

For Sale $3,900,000 ($36.79/SF)


Status Active

Last Sale

Sold Price $650,000 ($6.13/SF)

Date Sep 2012


Financing 1st Mortgage: Lorain National Bank

Bal/Pmt: $525,000/-

TRANSPORTATION





TENANTSKinetic Technologies 112,000 SF

PROPERTY CONTACTS


950 Main Ave

Cleveland, OH 44113

(216) 687-1800 (p)

(216) 363-6466 (f)

True Owner Cig Oh Wh Llc

2875 Northwind Dr

East Lansing, MI 48823

(989) 321-0281 (p)

Previous True Owner Premier Commercial Realty

5301 Grant Ave

Cleveland, OH 44125

(216) 341-1200 (p)

(216) 341-5120 (f)

Previous True Owner McTevia & Associates

30150 Telegraph Rd

Bingham Farms, MI 48025

(248) 646-2711 (p)

(248) 646-2714 (f)

Sales Company CBRE

950 Main Ave

Cleveland, OH 44113

(216) 687-1800 (p)

(216) 363-6466 (f)

Recorded Owner Cig Oh Wh Llc

2875 Northwind Dr

East Lansing, MI 48823

(989) 321-0281 (p)

Previous True Owner Premier Development Partners

5301 Grant Ave

Cleveland, OH 44125

(216) 496-7000 (p)

(216) 341-5120 (f)


3/4/2021



MARKET CONDITIONS






Subject Property $4.00/SF -18.4%




12 Mo. Leased 151,431 SF 94.0%





SALE HIGHLIGHTS

• Excellent access to Route 2 & I-90.

• 71,469 employees within a 5 mile radius.

• Abundant parking on the property.

• Features include T-5 lighting, unit heaters, and air rotation system.


3/4/2021


1400 Worden Rd - ABB Business CampusWickliffe, OH 44092 - Wickliffe/Willowick Submarket

BUILDING

Type 4 Star Industrial Warehouse

Tenancy Multi

Year Built 1955

Year Renov 1981

RBA 285,312 SF

Stories 3


Ceiling Ht 14'-18'

Columns 40'w x 40'd


LAND

Land Acres 30.48 AC

Zoning I

EXPENSES

Taxes $0.10/SF (2019)

PARCEL

29-A-003-0-00-005, 29-A-003-A-00-016, 29-A-003-A-00-017, 29-A-003-A-00-036

LOADING

Docks 4 ext

Cross Docks None

Rail Spots Yes


Cranes Yes

Rail Line CSX

POWER & UTILITIES

Power 4,200a/ 3p Heavy

FEATURES

• 24 Hour Access • Security System

FOR LEASE



# of Spaces 4

Vacant 285,312 SF

% Leased 0%

Rent $3.65






3/4/2021



AVAILABLE SPACES


P 1st Office Direct 35,104 215,104 285,312 Withheld Vacant Negotiable

Colliers International

P 1st Industrial Direct 60,000 - 180,000

215,104 285,312 $3.65/NNN Vacant Negotiable


P 2nd Office Direct 35,104 35,104 285,312 Withheld Vacant Negotiable


P 3rd Office Direct 35,104 35,104 285,312 Withheld Vacant Negotiable


SALE

For Sale Price Not Disclosed


Status Active

Last Sale


Date May 2020


Properties 2

TRANSPORTATION






3/4/2021



PROPERTY CONTACTS

Primary Leasing Company Colliers International

200 Public Sq

Cleveland, OH 44114

(216) 239-5060 (p)

(216) 404-2474 (f)

True Owner Premier Commercial Realty

5301 Grant Ave

Cleveland, OH 44125

(216) 341-1200 (p)

(216) 341-5120 (f)

Previous True Owner LNR Partners LLC

1601 Washington Ave

Miami Beach, FL 33139

(305) 695-5500 (p)

(305) 695-5589 (f)

Previous True Owner New Age Logistics

360 E Highland Rd

Macedonia, OH 44056

(440) 439-9400 (p)

(440) 439-9616 (f)

Sales Company Colliers International

200 Public Sq

Cleveland, OH 44114

(216) 239-5060 (p)

(216) 404-2474 (f)

Recorded Owner 29801 Euclid Ave LLC

5301 Grant Ave

Cleveland, OH 44125

Previous True Owner Realty Crown Management

100 Henry St

Brooklyn, NY 11201

(718) 522-5111 (p)

MARKET CONDITIONS










12 Mo. Leased 151,431 SF 94.0%





BUILDING NOTES

Card key access security system, guard on duty 24-7, and surveillance cameras.


3/4/2021


29166-29170 Euclid Ave - Chase Bank PlazaWickliffe, OH 44092 - Northeast Submarket

BUILDING

Type 2 Star Office

Tenancy Multi

Year Built 1994

RBA 9,839 SF

Stories 1


LAND

Land Acres 0.74 AC

Zoning R

Parcel 31-A-008-F-00-034

EXPENSES

Taxes $0.63/SF (2019)

FOR LEASE



# of Spaces 1

Vacant 9,839 SF

% Leased 0%

Rent Withheld - CoStar Est. Rent $10 - 13 (Office)

Office/Ret Avail 9,839 SF

AVAILABLE SPACES


P 1st Off/Ret Direct 9,839 9,839 9,839 Withheld Vacant Negotiable

Hanna Commercial Real Estate

9,839 Total Square Feet4,507 SF Office5,332 SF Retail67 Parking SpacesCurb Cuts on Euclid Ave and Lincoln RdGreat Corner Lot with High VisibilityClose Proximity to Route 2 and I-90


3/4/2021



SALE

For Sale $499,000 ($50.72/SF)


Status Active

TRANSPORTATION





PROPERTY CONTACTS

Primary Leasing Company Hanna Commercial Real Estate

1350 Euclid Ave

Cleveland, OH 44115

(216) 861-7200 (p)

(216) 861-4672 (f)

True Owner Augustine Jokic

29166 Chardon Rd

Wickliffe, OH 44092

(440) 944-7170 (p)

Sales Company Hanna Commercial Real Estate

1350 Euclid Ave

Cleveland, OH 44115

(216) 861-7200 (p)

(216) 861-4672 (f)

Recorded Owner Augustine Jokic

29166 Chardon Rd

Wickliffe, OH 44092

(440) 944-7170 (p)

MARKET CONDITIONS









12 Mo. Leased 93,090 SF -38.0%





BUILDING NOTES

Corener location with great visibility and traffic counts for retail establishment.


3/4/2021



SALE HIGHLIGHTS

• 67 Parking Spaces

• Curb Cuts on Euclid Ave and Lincoln Rd

• Great Corner Lot with High Visibility

• Close Proximity to Route 2 and I-90


3/4/2021


29801 Euclid AveWickliffe, OH 44092 - Northeast Submarket

BUILDING

Type 3 Star Office

Tenancy Single

Year Built 1964

RBA 280,000 SF

Stories 4



LAND

Land Acres 26.00 AC

Parcel 29-A-003-0-00-005

EXPENSES

Taxes $0.96/SF (2017)

FOR LEASE



# of Spaces 4

Vacant 0 SF

% Leased 100.0%

Rent Withheld - CoStar Est. Rent $16 - 20 (Office)

AVAILABLE SPACES


E 1st Industrial Direct 40,000 40,000 160,000 Withheld 30 Days Negotiable


E 2nd Industrial Direct 40,000 40,000 160,000 Withheld 30 Days Negotiable


E 3rd Industrial Direct 40,000 40,000 160,000 Withheld 30 Days Negotiable


E 4th Industrial Direct 40,000 40,000 160,000 Withheld 30 Days Negotiable



3/4/2021



SALE

For Sale Price Not Disclosed


Status Active

Last Sale


Date May 2020


Properties 2

TRANSPORTATION





PROPERTY CONTACTS

Primary Leasing Company Colliers International

200 Public Sq

Cleveland, OH 44114

(216) 239-5060 (p)

(216) 404-2474 (f)

True Owner Premier Commercial Realty

5301 Grant Ave

Cleveland, OH 44125

(216) 341-1200 (p)

(216) 341-5120 (f)

Previous True Owner LNR Partners LLC

1601 Washington Ave

Miami Beach, FL 33139

(305) 695-5500 (p)

(305) 695-5589 (f)

Previous True Owner Waxman Industries, Inc.

24460 Aurora Rd

Bedford Heights, OH 44146

(440) 439-1830 (p)

(440) 439-8678 (f)

Property Manager ABB Inc.

23000 Harvard Rd

Highland Hills, OH 44122

(440) 585-8500 (p)

(440) 585-8756 (f)

Sales Company Premier Commercial Realty

5301 Grant Ave

Cleveland, OH 44125

(216) 341-1200 (p)

(216) 341-5120 (f)

Recorded Owner 29801 Euclid Ave LLC

5301 Grant Ave

Cleveland, OH 44125

Previous True Owner Realty Crown Management

100 Henry St

Brooklyn, NY 11201

(718) 522-5111 (p)

Previous True Owner Townsend Capital LLC

210 W Pennsylvania St

Towson, MD 21204

(410) 321-1900 (p)

(410) 321-1901 (f)


3/4/2021



MARKET CONDITIONS









12 Mo. Leased 93,090 SF -38.0%






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