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9988 Kinsman Rd Novelty, OH 44072

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For Sale
$3,200,000

113,920 SF multi-tenant industrial center with 12 tenants.

Property size:
113,920 SF
Lot size:
3.18 Acres

Property Features for 9988 Kinsman Rd

General Information

Size
113,920 SF
Lot size
3.18 Acres

Source: Marcus & Millichap | Columbus Agent Nathan Pealer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Multi-Tenant Industrial Center on 19+ Acres

The Newbury Industrial Center is a 113,920-square-foot multi-tenant industrial center situated on over 19 acres. The property currently houses 12 tenants, including Ravago Chemical Distribution, Arc-Hound Welding, Koala Motor Sport, and Chagrin Pet. The property has a history of low vacancy and excellent occupancy, with recent tenant renewals. Rental rates and reimbursements are currently low, presenting an opportunity for growth. There is potential to increase income by advertising owner or vacant spaces to attract additional tenants and parking revenue. The property has historically been easy to rent without extensive advertising, due to a limited number of competitive properties. The roof systems have been well-maintained.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Hair Salon Grocery Store Bar & Pub Department Store Hotel & Motel Building Supply Wholesale Shop Kitchen & Bath Travel Agency Computer & Electronic Repair

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

West Geauga Self Storage, Chagrin Valley Mini Storage

Location Insight

  • Map
  • Local Demand
City
Novelty
County
Geauga
State
Ohio
Longitude
-81.286484
Latitude
41.461955

FAQs

What type of property is this?
Warehouse - 113,920 SF multi-tenant industrial center with 12 tenants.
Where is this warehouse located?
The property is located at 9988 Kinsman Rd Novelty, OH.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: - 113,920-square-foot multi-tenant industrial center on over 19 acres; - Strong roster of longstanding tenants; - Low vacancy and excellent occupancy history
More about this property
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