4677 Manufacturing Rd Cleveland, OH
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NNN lease industrial property with long-term tenant near airport.
Type:INDUSTRIAL
Property size:
41,081 SFLot size:
1.91 AcresPrice / SF:
$76/SF- Added:
- Sep 20, 2022
- Days on Market:
- 1319
- Last Refresh:
- Apr 5 at 10:12 pm
Property Features for 4677 Manufacturing Rd
General Information
- Standard status
- Active
- Size
- 41,081 SF
- Lot size
- 1.91 Acres
- Property subtype
- INDUSTRIAL
Listing agent Dan Lariccia (216) 453-3082
Listing office Passov Real Estate Group (216) 453-3082
Listing date Sep 20, 2022
Source Moodyscre
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 Passov Real Estate Group
Overview
Industrial Property Near Cleveland Airport
The property is an industrial building occupied by WABTEC (NYSE: WAB), who recently exercised a 5-year lease extension. The lease is an absolute NNN lease, with no landlord obligations, and is corporately guaranteed by WABTEC, which has a credit rating of "BBB-" by Fitch and a $17B market capitalization value. The property is located less than one mile from Cleveland International Airport, NASA Glenn Research Center, and the Cleveland IX Center. Recent upgrades include a complete roof replacement in 2019 and a new HVAC system in 2018. The restrooms and common areas of the office space are scheduled for complete renovation this year. The industrial park is currently 98% occupied. The tenant has invested more than $350,000 of its own funds in capital improvements and also occupies an adjacent 90,000 square foot building. The property size is 41,081 square feet and is located on Manufacturing Road in Cleveland, OH.
Location Intelligence
Current Use by Public Records
Manufacturing properties
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.6309
- Latitude
- 41.4808
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FAQs
What type of property is this?
Manufacturing property - NNN lease industrial property with long-term tenant near airport.
Where is this manufacturing property located?
The property is located at 4677 Manufacturing Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Absolute NNN Lease with no Landlord obligations.; Corporate Guarantee by WABTEC (NYSE: WAB) with a “BBB-” credit rating by Fitch and $17B market capitalization.; WABTEC, a decades‑long occupant, recently exercised a 5‑year lease extension.
