Industrial Warehouse and Manufacturing
405 Eastlake Dr Ashland, OH 44805
New
405 Eastlake Dr, Ashland, OH, 44805
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For Sale
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Industrial facility with efficient high-clearance warehouse configuration and multiple loading positions, located in an industrial park with major highway access.
Property Size234,000 SF
Price / SF$45
Days on Market2
Property Features for 405 Eastlake Dr
General Information
- Standard status
- Active
- Size
- 234,000 SF
- Property subtype
- INDUSTRIAL
Properties For Sale
at 405 Eastlake Dr Contact us
Listing Agency
Matthews Real Estate Investment Services | Cleveland
(216) 215-8991
Listed by
Matthew Wallace · License #2023004160(OH)
(216) 215-8991
Source
Moodyscre
Added: Jul 17 Checked: Jul 18 at 3:21 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 Matthews Real Estate Investment Services | Cleveland
Investment Insights
Based on property information with market context.
Industrial facility for sale at 405 Eastlake Dr in Ashland, OH, offering a functional warehouse configuration designed to support manufacturing, warehousing, logistics, or light assembly operations. The building features high ceiling heights, multiple loading positions, and modern industrial infrastructure intended for efficient day-to-day movement and storage.
The property is situated within an established industrial business park environment. It also provides convenient access to U.S. Route 250, U.S. Route 42, and Interstate 71, connecting to Cleveland, Columbus, Akron/Canton, and other Midwest distribution markets.
With building and site configuration that supports operational flexibility, the facility is positioned for businesses that may need to adjust production or distribution capacity over time while remaining in place.
The property is situated within an established industrial business park environment. It also provides convenient access to U.S. Route 250, U.S. Route 42, and Interstate 71, connecting to Cleveland, Columbus, Akron/Canton, and other Midwest distribution markets.
With building and site configuration that supports operational flexibility, the facility is positioned for businesses that may need to adjust production or distribution capacity over time while remaining in place.
Key Highlights
- Industrial facility with efficient warehouse configuration featuring high ceiling heights and multiple loading positions.
- Set up for manufacturing, warehousing, logistics, or light assembly operations.
- Located within a well‑maintained industrial park surrounded by national and regional manufacturers and distribution companies.
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 | $1.50M | $6.41 |
| − Vacancy | −$126.3k | −$0.54 |
| EGI | $1.37M | $5.87 |
| − OpEx | −$412.1k | −$1.76 |
| NOI | $961.6k | $4.11 |
234,000 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$16.68M
$14.59M – $19.46M
NOI $1,167,598 @ 7.0% cap · market cap 11.09%
Second Best
Industrial
$13.74M
$12.02M – $16.03M
NOI $961,552 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$44.16M
$38.64M – $51.52M
NOI $3,091,046 @ 7.0% cap · market cap 29.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
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FAQs
What type of property is this?
Warehouse - Industrial facility with efficient high-clearance warehouse configuration and multiple loading positions, located in an industrial park with major highway access.
Where is this warehouse located?
The property is located at 405 Eastlake Dr Ashland, OH.
What is the asking price?
The asking price for this property is $10,530,000.
What are key features of this property?
This property features: Industrial facility with efficient warehouse configuration featuring high ceiling heights and multiple loading positions.; Set up for manufacturing, warehousing, logistics, or light assembly operations.; Located within a well‑maintained industrial park surrounded by national and regional manufacturers and distribution companies.
