6707 Bessemer Ave, Cleveland, OH
Industrial property available in Cleveland, Ohio, totaling 23,722 square feet.
- Added:
- Oct 15, 2024
- Days on Market:
- 609
- Last Refresh:
- May 20 at 9:34 pm
Property Features for 6707 Bessemer Ave
General Information
- Standard status
- Active
- Size
- 23,722 SF
- Lot size
- 5.66 Acres
- Property subtype
- INDUSTRIAL
Listing agent Gary C. Pescatrice (216) 402-8000
Listing office Trinity Commercial Realty (216) 402-8000
Listing date Oct 15, 2024
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 Trinity Commercial Realty
HighLights
- Industrial property available
- Located in Cleveland, Ohio
- Totaling 23,722 square feet
Overview
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 | $145.2k | $6.12 |
| − Vacancy | −$6.0k | −$0.25 |
| EGI | $139.2k | $5.87 |
| − OpEx | −$41.8k | −$1.76 |
| NOI | $97.5k | $4.11 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.6425
- Latitude
- 41.4706
