Two-Building Warehouse
28990 Anderson Rd Wickliffe, OH 44092
28990 Anderson Rd, Wickliffe, OH, 44092
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For Sale
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Two warehouse buildings totaling 5,200 square feet are offered for sale in a single portfolio.
Property Size5,200 SF
Price / SF$81.73
Days on Market141
Property Features for 28990 Anderson Rd
General Information
- Standard status
- Active
- Size
- 5,200 SF
- Property subtype
- INDUSTRIAL
Listing agency
Green Bridge Real Estate
(216) 469-0030
Listed by
John M. Wagner · License #BRK2010003646
(216) 469-0030
Source
Moodyscre
Added: Mar 3 Updated: Jul 22 at 6:50AM Checked: Jul 22 at 6:50AM
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 Green Bridge Real Estate
Investment Insights
Based on property information with market context.
Two warehouse buildings are offered for sale as part of a portfolio at 28970 Anderson Rd and 28990 Anderson Rd. The listed sizes are 2,736 square feet and 5,211 square feet, respectively, bringing the combined portfolio area to 5,200 square feet as provided.
The offering is structured as a for-sale portfolio with an estimated pro-forma rent of $5.50 per square foot, and both buildings are listed at $425,000.
This is a straightforward warehouse portfolio opportunity for buyers seeking ownership of two separate warehouse assets within the same offering.
The offering is structured as a for-sale portfolio with an estimated pro-forma rent of $5.50 per square foot, and both buildings are listed at $425,000.
This is a straightforward warehouse portfolio opportunity for buyers seeking ownership of two separate warehouse assets within the same offering.
Key Highlights
- Two warehouse buildings offered for sale in a single portfolio
- 28970 Anderson Rd.: 2,736 SF warehouse building
- 28990 Anderson Rd.: 5,211 SF warehouse building
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 | $29.7k | $5.71 |
| − Vacancy | −$1.1k | −$0.21 |
| EGI | $28.6k | $5.50 |
| − OpEx | −$4.3k | −$0.82 |
| NOI | $24.3k | $4.67 |
5,200 SF · lease $5.71/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$347.2K
$303.8K – $405.1K
NOI $24,304 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,071 @ 7.0% cap · market cap 19.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - Two warehouse buildings totaling 5,200 square feet are offered for sale in a single portfolio.
Where is this warehouse located?
The property is located at 28990 Anderson Rd Wickliffe, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two warehouse buildings offered for sale in a single portfolio; 28970 Anderson Rd.: 2,736 SF warehouse building; 28990 Anderson Rd.: 5,211 SF warehouse building
