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For sale
Manufacturing properties
OH
Mentor
7770 Division Dr

High-Quality Manufacturing Property in Mentor

7770 Division Dr, Mentor, OH

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For Sale

Contact for pricing

31,745 SF manufacturing property with ample parking.

Type:INDUSTRIAL

Property size:

31,745 SF

Lot size:

3.75 Acres

Price / SF:

$78/SF

HighLights

High‑quality 31,745 SF manufacturing building in a desirable industrial park location off OH‑Route 2.
Abundant parking with over 140 spaces and truck turnaround capability.
Includes both a 12' drive‑in door and two dock doors for versatile loading options.
Functional space breakdown: 15,738 SF industrial, 12,753 SF light manufacturing, and 3,254 SF office space.
Large facade available for prominent signage.
Situated on a 3.67‑acre lot with 40' X 40' column spacing.

We can help!

Listing Contact

Mac Biggar, Jr., SIOR, CCIM

For Sale

Contact for pricing

31,745 SF manufacturing property with ample parking.

Type:INDUSTRIAL

Property size:

31,745 SF

Lot size:

3.75 Acres

Price / SF:

$78/SF

Added:: Apr 10, 2025
Days on Market:: 438
Last Refresh:: May 20 at 8:05 pm

Property Features for 7770 Division Dr

General Information

Standard status: Active
Size: 31,745 SF
Lot size: 3.75 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Mac Biggar, Jr., SIOR, CCIM

Listing agent Mac Biggar, Jr., SIOR, CCIM

Listing office Hanna Commercial Real Estate | Cleveland

Listing date Apr 10, 2025

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 Hanna Commercial Real Estate | Cleveland

HighLights

High‑quality 31,745 SF manufacturing building in a desirable industrial park location off OH‑Route 2.
Abundant parking with over 140 spaces and truck turnaround capability.
Includes both a 12' drive‑in door and two dock doors for versatile loading options.
Functional space breakdown: 15,738 SF industrial, 12,753 SF light manufacturing, and 3,254 SF office space.
Large facade available for prominent signage.
Situated on a 3.67‑acre lot with 40' X 40' column spacing.

Overview

Located along Division Drive in Mentor, Ohio, this high-quality manufacturing property is situated within an industrial park near OH-Route 2. Constructed in 1992, the building encompasses a total of 31,745 square feet on a 3.67-acre lot. The property features a prominent facade suitable for signage and offers abundant parking with over 140 spaces. The back parking lot is designed to accommodate truck maneuverability. The building includes 15,738 square feet of industrial space, 12,753 square feet of light manufacturing space, 2,774 square feet of first-floor office space, and 480 square feet of second-floor office space. It features one 12-foot drive-in door and two loading docks that are 10 feet tall and 8.5 feet in width. The property has a 12-foot clear height and 40-foot by 40-foot column spacing. Annual taxes are $31,917.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$181.3k	$5.71
− Vacancy	−$6.7k	−$0.21
EGI	$174.6k	$5.50
− OpEx	−$26.2k	−$0.82
NOI	$148.4k	$4.67

31,745 SF · lease $5.71/SF/yr · vacancy 3.70% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$2.12M

$1.85M – $2.47M (±1% cap)

NOI $148,374 @ 7.0% cap · market cap 5.95%

Second Best

Industrial

$1.75M

$1.53M – $2.04M (±1% cap)

NOI $122,190 @ 7.0% cap · market cap 4.90%

Theoretical Best

Office A

$7.33M

$6.42M – $8.55M (±1% cap)

NOI $513,236 @ 7.0% cap · market cap 20.57%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Manufacturing properties

Suggested Use

Location Insight

Map
Local Demand

City: Mentor
County: Lake
State: Ohio
Longitude: -81.3633
Latitude: 41.6684

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For sale
Manufacturing properties
OH
Mentor
7770 Division Dr

What type of property is this?

Manufacturing property - 31,745 SF manufacturing property with ample parking.

Where is this manufacturing property located?

The property is located at 7770 Division Dr Mentor, OH.

What is the asking price?

The asking price for this property is $2,495,000.

What are key features of this property?

This property features: High‑quality 31,745 SF manufacturing building in a desirable industrial park location off OH‑Route 2.; Abundant parking with over 140 spaces and truck turnaround capability.; Includes both a 12' drive‑in door and two dock doors for versatile loading options.

7770 Division Dr, Mentor, OH

31,745 SF manufacturing property with ample parking.

Property Features for 7770 Division Dr

General Information

We can help!

HighLights

Overview

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Flex/Warehouse Building in Mentor, OH

Mentor Retail Opportunity For Sale

Full-Service Restaurant with Covered Patio

Side-by-Side Duplex for Sale

Flex/Warehouse Building with Office Space

Restaurant/Bar/Retail Site For Sale

Former Day Care on Mentor

Mentor Retail & Restaurant Opportunity

14,000 SF Flex Space Building

Unique Spa and Wellness Opportunity

Mentor Investment Property For Sale

Tyler Blvd Flex/Warehouse Opportunity

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