Leased Flex
2241 Pinnacle Pkwy Twinsburg, OH 44087
2241 Pinnacle Pkwy, Twinsburg, OH, 44087
$1,600,000
For Sale
$1,600,000
Flex property is 100% leased and features 18' clear height, full sprinklers, and recent exterior capital improvements.
Property Size16,800 SF
Price / SF$95.24
Days on Market114
Property Features for 2241 Pinnacle Pkwy
General Information
- Standard status
- Active
- Size
- 16,800 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1997
Listing agency
NAI Pleasant Valley
(440) 591-3723
Listed by
Joseph Hauman, CCIM · License #SAL.2021007126
(440) 591-3723
Source
Naiglobal
Added: Apr 1 Updated: Jul 23 at 4:06AM Checked: Jul 23 at 4:06AM
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 NAI Pleasant Valley
Investment Insights
Based on property information with market context.
This leased flex property is available for sale on a 100% occupied basis. The building offers approximately 18' clear height and is full sprinklered throughout. Recent capital exterior improvements have been completed, and the property includes a security system. On-site parking consists of 33 spaces in the front, with additional parking available in the rear.
The property is accessed from its front parking area and supports day-to-day operations with on-site lot parking arranged for vehicles arriving at the warehouse and flex improvements.
Overall, the configuration combines warehouse-style clear height with flex utility, under a fully leased operating profile.
The property is accessed from its front parking area and supports day-to-day operations with on-site lot parking arranged for vehicles arriving at the warehouse and flex improvements.
Overall, the configuration combines warehouse-style clear height with flex utility, under a fully leased operating profile.
Key Highlights
- 16,800 SF flex property built in 1997
- 100% leased with full occupancy
- 18' clear height
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 | $98.8k | $5.88 |
| − Vacancy | −$3.7k | −$0.22 |
| EGI | $95.1k | $5.66 |
| − OpEx | −$14.3k | −$0.85 |
| NOI | $80.9k | $4.81 |
16,800 SF · lease $5.88/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.16M
$1.01M – $1.35M
NOI $80,860 @ 7.0% cap · market cap 5.05%
Second Best
Industrial
$951.3K
$832.4K – $1.11M
NOI $66,590 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$4.12M
$3.61M – $4.81M
NOI $288,601 @ 7.0% cap · market cap 18.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Scientel Solutions
Telecommunications Service
Instructor Mobile, LLC.
(Bike/Boat/Book/etc) Store
Echelon Senior Living ...
Association Or Organization
Frame One Media
Film Production
Avatar Management Services ...
Business Management Consultant
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex property is 100% leased and features 18' clear height, full sprinklers, and recent exterior capital improvements.
Where is this flex space located?
The property is located at 2241 Pinnacle Pkwy Twinsburg, OH.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 16,800 SF flex property built in 1997; 100% leased with full occupancy; 18' clear height
