1933 Highland Road, Twinsburg, OH
62,200 SF industrial warehouse located in Twinsburg, Ohio.
- Added:
- May 20, 2022
- Days on Market:
- 1489
- Last Refresh:
- May 20 at 8:35 pm
Property Features for 1933 Highland Road
General Information
- Standard status
- Active
- Size
- 62,200 SF
- Lot size
- 4.00 Acres
- Property subtype
- INDUSTRIAL
Listing agent Claire Coyne
Listing office Newmark | Cleveland (216) 861-3040
Listing date May 20, 2022
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Cleveland
HighLights
- Fully leased property provides immediate income stream.
- Located in the established Twinsburg Industrial District with notable corporate neighbors.
- Brand new roof with a 20‑year warranty (good until 2037).
- 100% leased for four years indicates stable tenancy.
- Current tenant is ESSCO with a 3‑year lease and a one‑year notice clause.
- Property size of 62,200 SF.
Overview
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $365.7k | $5.88 |
| − Vacancy | −$13.5k | −$0.22 |
| EGI | $352.2k | $5.66 |
| − OpEx | −$52.8k | −$0.85 |
| NOI | $299.4k | $4.81 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Twinsburg
- County
- Summit
- State
- Ohio
- Longitude
- -81.4563
- Latitude
- 41.2994
