Property tours are available by appointment ONLY. Please contact Kristy Hull to schedule at khull@ngkf.com or 216-453-3055. Investment Highlights: The best logistics location in Northeast Ohio based on access to demand/population Fully-leased to a single tenant with extension signed through 2020 Modernized warehouse/manufacturing facility with 2-10 ton cranes and 2-30 ton cranes 40,000 SF whse & 9,200 SF office with 32-36' clear height, with 1 dock-high and 1 drive-thru door Value add opportunity through lease renewal and future building expansion Property is located in the Southeast submarket, which is the most stabilized submarket in Northeast Ohio. Investment Overview: 1900 Case Parkway South (the “Property”) is a fully leased single tenant manufacturing / warehouse facility in Twinsburg, OH. The building totals ±49,857 SF with ±9,200 SF of office space, sits on over 5 acres of land and is zoned I-3. Per site plan the opportunity exists to add on to the existing building to accommodate future growth. The Property was built by Geis Construction, the premier and most prominent developer in Twinsburg to the highest standards and benefits from 32’ to 36’ clear ceiling heights and 2 warehouse doors – 1 dock-high and the other is a drive-through door. Cranes are an added value and the building includes 2-10 ton cranes, 2-30 ton cranes, 3-ton Jib crane with a 20’ arm and a 2-ton Jib crane with a 20’6” arm. Recent CapEx includes ±$14,000 for a 10 ton RTU and $70,000 for parking lot paving. The current tenant, Cleveland Metal Exchange, has occupied the building since 2010 and recently signed an extension through 2020. Established in 1994 as a distributor of flat rolled stainless steel and aluminum products, Cleveland Metal Exchange has become a metal service company that has grown to over 50 million pounds of shipment sold per year. In 1999 Cleveland Metal bought its first cut to length line and has become a go to source for flat rolled stainless steel with the ability to service customers both large and small. The Property is strategically located in the Twinsburg/Southeast submarket which is the most stabilized submarkert in Northeast Ohio. The Property location is off Route 91 with easy access to I-480 (±2 miles). Interstate 271 and the Ohio Turnpike are also both in the area for easy highway access to Akron, Youngstown and Cleveland. The city of Cleveland is ±25 miles away from the Property and encompasses over 77 square miles in the northeastern corner of Ohio. The Cleveland area is home to 25 Fortune 1000 firms, including: Progressive Insurance, Eaton Corporation, Sherwin-Williams, KeyCorp, Medical Mutual of Ohio, American Greetings and Lubrizol.
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Industrial Space
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