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Listing Agency: Platinum Real Estate

Listed By: Mark Zervos · License #FL, OH 2014001304 Show Phone

Source: Crexi

Added: Mar 4 Changed: Oct 7 Last Checked: Oct 14 at 11:05PM

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Investment Insights

Based on property information with market context.

This newly constructed industrial facility is located in Chardon, Ohio. It offers a sale-leaseback opportunity with Ohio Ordnance Works, a U.S. military firearms manufacturer established in 1984. The tenant is seeking a 10-year lease term with optional renewals. The building features ground-mounted mechanical and air systems. Interior offices are constructed using demountable modular wall systems.

Key Highlights

• Sale‑leaseback opportunity with Ohio Ordnance Works, an established U.S. military firearms manufacturer.
• 10‑year lease term with optional renewals, providing long‑term income.
• Newly constructed, purpose‑built, modern industrial facility.

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Storage Facility Electrical Service Carpet & Flooring Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

368

Businesses Nearby

Explore this area Business Placement

Demographics for 44024, OH

23,795

Population

9,560

Households

2.5

Avg Household Size

47

Median Age

35%

College-Educated

96%

High-School Grad

90.0 sq mi

ZIP Area

264

Density / Sq Mi

$104,808

Median Household Income

$50,444

Median Earnings

$1,022

Median Rent

$298,100

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Newly constructed industrial facility with long-term lease in Chardon, Ohio.

Where is this manufacturing property located?

The property is located at 310 Park Dr Chardon, OH.

What is the asking price?

The asking price for this property is $9,950,000.

What are key features of this property?

This property features: Sale‑leaseback opportunity with Ohio Ordnance Works, an established U.S. military firearms manufacturer.; 10‑year lease term with optional renewals, providing long‑term income.; Newly constructed, purpose‑built, modern industrial facility.