VIKING INDUSTRIAL PARKWAY

Westlake, OH

ASKING PRICE
$8,000,000
SQ FT
100,150
LEASE TYPE
NNN
CAP RATE
7.00%
PROPERTY STATUS
Available
TENANT TYPE
National

INVESTMENT HIGHLIGHTS

  • 100,150 sq. ft. Industrial Investment
  • Largest tenant, Ground Effects (75% of GLA)has 5 years remaining and $1.5M of its own funds invested in their space
  • Ground Effects annual revenue nearing $200M
  • 92% occupied
  • Annual rental increases from the two office units
  • Landlord responsible for roof and structure only
  • Upside opportunity with 8,391 SF available at entrance of complex
  • Excellent location just off of I-90 in Westlake, OH
  • Household Income >$136,000 within a 3-mileradius

VIKING INDUSTRIAL PARKWAY

Westlake, OH

ASKING PRICE
$8,000,000
SQ FT
100,150
LEASE TYPE
NNN
CAP RATE
7.00%
PROPERTY STATUS
Available
TENANT TYPE
National

INVESTMENT HIGHLIGHTS

  • 100,150 sq. ft. Industrial Investment
  • Largest tenant, Ground Effects (75% of GLA)has 5 years remaining and $1.5M of its own funds invested in their space
  • Ground Effects annual revenue nearing $200M
  • 92% occupied
  • Annual rental increases from the two office units
  • Landlord responsible for roof and structure only
  • Upside opportunity with 8,391 SF available at entrance of complex
  • Excellent location just off of I-90 in Westlake, OH
  • Household Income >$136,000 within a 3-mileradius

VIKING INDUSTRIAL PARKWAY

Westlake, OH

ASKING PRICE
$8,000,000
SQ FT
100,150
LEASE TYPE
NNN
CAP RATE
7.00%
PROPERTY STATUS
Available
TENANT TYPE
National

INVESTMENT HIGHLIGHTS

  • 100,150 sq. ft. Industrial Investment
  • Largest tenant, Ground Effects (75% of GLA)has 5 years remaining and $1.5M of its own funds invested in their space
  • Ground Effects annual revenue nearing $200M
  • 92% occupied
  • Annual rental increases from the two office units
  • Landlord responsible for roof and structure only
  • Upside opportunity with 8,391 SF available at entrance of complex
  • Excellent location just off of I-90 in Westlake, OH
  • Household Income >$136,000 within a 3-mileradius
Interested in this property?

EXCLUSIVE ADVISOR

MARK LUTTNER 216.464.4060

DAN LARICCIA

216.464.4060
Request information