Industrial Warehouse Facility Near
1400 Worden Rd Wickliffe, OH 44092
1400 Worden Rd, Wickliffe, OH, 44092
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For Sale
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210,000 SF industrial warehouse on 16.9 acres near I-90.
Property Size210,000 SF
Lot Size16.90 Acres
Price / SF$47
Days on Market635
Property Features for 1400 Worden Rd
General Information
- Standard status
- Active
- Size
- 210,000 SF
- Lot size
- 16.90 Acres
- Property subtype
- Industrial
Listing Agency
Hanna Commercial Real Estate Cleveland
(216) 861-7200
Listed by
Gregory B. West · License #OH SAL.2001014166
Source
Crexi
Added: Oct 21, 2024 Checked: Jul 16 at 11:18 am
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 Hanna Commercial Real Estate Cleveland
Investment Insights
Based on property information with market context.
This industrial warehouse facility offers spaces ranging from 50,000 to 210,000 square feet and is divisible. The heavy industrial facility encompasses 210,000 square feet and is situated on 16.9 acres. It is located minutes from I-90 and I-271. The property features clear heights ranging from 14 to 18 feet. It is equipped with 3-phase power at 4200 amps. The facility includes 10 cranes ranging from 3 to 5 tons, 5 docks, and 1 drive-in door.
Key Highlights
- Located minutes from I‑90 and I‑271
- Available spaces ranging from 50,000 SF - 210,000 SF (divisible)
- Heavy industrial facility on 16.9 acres
Local Financial Insights For Industrial
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 | $1.20M | $5.71 |
| − Vacancy | −$44.4k | −$0.21 |
| EGI | $1.15M | $5.50 |
| − OpEx | −$346.4k | −$1.65 |
| NOI | $808.3k | $3.85 |
210,000 SF · lease $5.71/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$14.02M
$12.27M – $16.36M
NOI $981,523 @ 7.0% cap · market cap 9.94%
Second Best
Industrial
$11.55M
$10.10M – $13.47M
NOI $808,313 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$48.50M
$42.44M – $56.59M
NOI $3,395,166 @ 7.0% cap · market cap 34.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - 210,000 SF industrial warehouse on 16.9 acres near I-90.
Where is this warehouse located?
The property is located at 1400 Worden Rd Wickliffe, OH.
What is the asking price?
The asking price for this property is $9,870,000.
What are key features of this property?
This property features: Located minutes from I‑90 and I‑271; Available spaces ranging from **50,000 SF - 210,000 SF (divisible)**; Heavy industrial facility on 16.9 acres
