7% CAP Manufacturing 4465 Johnston Pky

4465 Johnston Pky , Cleveland, Ohio, 44128 | 2,494 sq.f | $ 3,460,000

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About This Restaurant

Investment Highlights

Erieview Metal Treating Company Offers a Broad Range of Standard and Specialty Finishes Including Organic Coatings 5 Year Triple Net (NNN) Lease With Zero Landlord Responsibilities; 1 X 5-Year Option to Renew 19 Min (16.9-Miles) to Cleveland Hopkins International Airport; 19 Minutes (9.1-Miles) to Downtown Cleveland, OH 91,345 SF, 5.90 Acres, Class B Manufacturing Building (Masonry Construction); 17'2' Clear Height; 6 Dock High Doors Easily Accessible to Major Interstates Throughout the Mid-West (I- 490, I-480, I-271, I-90, I-80, I-77, I-71) 21 Minutes (10.0-Miles) to the Port of Cleveland

Executive Summary

Sands Investment Group is Pleased to Present Exclusively For Sale the 91,345 SF Manufacturing (Industrial) Building Located at 4465 Johnston Parkway in Cleveland, OH. This Deal Includes a Highly Desirable Triple Net (NNN) Lease Structure With Zero Landlord Responsibilities, Providing For a Unique Investment.In Cooperation With ParaSell, Inc., A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Bank General Retail Restaurant General Retail Storefront Fast Food
  • Building Size    2,494
  • Year Built    2024
  • Price    3,460,000
  • Price Per SF    1,387
  • Cap Rate    6.75
  • NOI    233,561
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.06
  • Land Acres    0.96 AC

Amenities

  • Fenced Lot

Property Taxes

Parcel Number 142-22-019 Improvements Assessment $91,945
Land Assessment $918,505 Total Assessment $1,010,450
Date Created: 2024-07-16 04:18:04 Last Updated: 2024-07-16 04:18:04
Address: 4465 Johnston Pky , Cleveland, Ohio, 44128