Industrial Buildings with Fenced
7405-7425 Industrial Parkway Dr Lorain, OH
For Sale
Contact for pricing
Two industrial buildings with fenced yard and highway access.
Property Size73,360 SF
Lot Size2.45 Acres
Price / SF$61.68
Days on Market315
Property Features for 7405-7425 Industrial Parkway Dr
General Information
Standard status
Active
Size
73,360 SF
Lot size
2.45 Acres
Property subtype
INDUSTRIAL
Listing Agency:
JLL | Cleveland
(216) 952-8895
Listed By:
Donald G Bain · License #SAL.0000314090
(216) 952-8895
Source:
Moodyscre
Added: Sep 18, 2025
Changed: Jul 10
Last Checked: Jul 21 at 4:59AM
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 JLL | Cleveland
Investment Insights
Based on property information with market context.
This property features two industrial buildings, one spanning 64,060 square feet and the other 9,300 square feet, totaling 73,360 square feet. The site includes a fenced parking lot and yard, providing ample outdoor storage space. Loading and unloading operations are facilitated by a total of 8 loading docks and 8 overhead doors. Both buildings offer modern and renovated office spaces. The property benefits from its location with excellent highway access, situated approximately 0.7 miles from Route 2.
Key Highlights
- Excellent highway access (0.7 miles to Route 2)
- 64,060 SF & 9,300 SF industrial buildings
- Fenced parking lot / yard with ample outdoor storage
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 | $411.5k | $5.61 |
| − Vacancy | −$15.6k | −$0.21 |
| EGI | $395.9k | $5.40 |
| − OpEx | −$59.4k | −$0.81 |
| NOI | $336.5k | $4.59 |
73,360 SF · lease $5.61/SF/yr · vacancy 3.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.81M
$4.21M – $5.61M
NOI $336,524 @ 7.0% cap · market cap 7.44%
Second Best
Industrial
$3.96M
$3.46M – $4.62M
NOI $277,138 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$18.49M
$16.18M – $21.57M
NOI $1,294,070 @ 7.0% cap · market cap 28.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Lorain Baumhart Storage — 6201 Baumhart Rd, Lorain, OH 44053
- Storage Rak — 7451 Terminal Dr, Lorain, OH 44053
- Baumhart Road Self Storage — 6299 Baumhart Rd, Lorain, OH 44053
Frequently Asked Questions
What type of property is this?
Warehouse - Two industrial buildings with fenced yard and highway access.
Where is this warehouse located?
The property is located at 7405-7425 Industrial Parkway Dr Lorain, OH.
What is the asking price?
The asking price for this property is $4,525,000.
What are key features of this property?
This property features: Excellent highway access (0.7 miles to Route 2); **64,060 SF & 9,300 SF industrial buildings**; Fenced parking lot / yard with ample outdoor storage
