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139 Weber Ct Wellington, OH 44090

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For Sale
$5,995,000

Stabilized investment opportunity with long-term leases and a nationally recognized tenant.

Property Features for 139 Weber Ct

General Information

Standard status
Active

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Listing Contact
Troy Gerspacher
Troy Gerspacher
Source: Crexi

Listing Agency: Gerspacher Real Estate Group Listing Agent: Troy Gerspacher

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

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Overview

Net-Leased Medical & Residential Investment

This property presents a net-leased investment opportunity in the medical and residential sector, specifically catering to individuals with Intellectual and Developmental Disabilities (IDD). The property, consisting of 4 parcels totaling 6.54 acres, features 5 freestanding structures with a total area of 27,682 square feet, including a 1,344 square foot open-wall carport and a 960 square foot pole barn. The property is fully occupied by ResCare Community Living, a national provider of community living services for individuals with intellectual and developmental disabilities. ResCare has been operating on the property since its original construction in 1991 and subsequent expansion in 2012. There are five leases in place: four leases are active through 2027, each including one additional five-year renewal option, and one newly executed five-year lease for the habilitation training & treatment center, which extends through December 2031. The lease for 139 Weber Court includes annual rent increases. The projected gross annual rent for 2026 is $509,880. This offering provides a long-term investment opportunity supported by a nationally recognized tenant in a critical services sector.
Location Intelligence

Current Use by Public Records

Rehabilitation centers

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

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City
Wellington
County
Lorain
State
Ohio
Longitude
-82.214918
Latitude
41.17619

FAQs

What type of property is this?
Rehabilitation center - Stabilized investment opportunity with long-term leases and a nationally recognized tenant.
Where is this rehabilitation center located?
The property is located at 139 Weber Ct Wellington, OH.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: - 100% occupied by ResCare Community Living, a nationally recognized provider.; - Stabilized investment property on 6.54 acres with 5 freestanding structures totaling 27,682 SF.; - Long-term leases in place, extending through 2027 and 2031.
More about this property
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