Warehouse with Three Hundred Thirty-Six Parking
For Lease
Contact for pricing
850 E 72nd St, Cleveland, OH 44103
Warehouse with a turnkey event space setup, major 2021 renovations, and improved parking with access to I-90.
Space Size57,001 SF
Days on Market855
Property Features for 850 E 72nd St
General Information
Standard status
Active
Size
57,001 SF
Total Parking Spaces
336
Property subtype
INDUSTRIAL
Lease Type
Modified Gross
Site & Location
Neighborhood
St Clair-Superior
Highway Access
Yes
Building Details
Year Renovated
2021
Spaces For Lease
at 850 E 72nd St
850 E 72nd St
$5.50/SF/Yr
Floor
1
Size
57,001 SF
Type
INDUSTRIAL
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- Ideal warehouse/distribution facility
- Turnkey event space
- Building underwent major renovations in 2021, including a new froof, mechanicals, and finishes in a portion of the space
- Stable landlord with ability to fund improvements
- Easily accessible to I-90 and Downtown Cleveland amenities
- Improved parking lot with 336 parking spaces
Contact us
Listing Agency:
Cresco Real Estate | Cleveland
(216) 520-1200
Listed By:
Rico A. Pietro, SIOR · License #OH BRK.2016000871
(216) 525-1473
Source:
Moodyscre
Added: Jun 28, 2024
Changed: Oct 26
Last Checked: Oct 28 at 9:17AM
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 Cresco Real Estate | Cleveland
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Investment Insights
Based on property information with market context.
This warehouse/distribution facility is positioned as a turnkey event space with improved, ready-to-use interior accommodations. The building underwent major renovations in 2021, including a new roof, updated mechanicals, and finishes in a portion of the space. It includes 57,001 square feet of space and an upgraded exterior parking area.
The property offers convenient access to I-90 and Downtown Cleveland amenities, supporting flexible usage and straightforward guest and workforce routing. The improved parking lot includes 336 parking spaces for on-site convenience.
With recent capital work completed and the ability to fund improvements noted by the landlord, the property is designed to support occupancy and operational changes with less upfront disruption.
The property offers convenient access to I-90 and Downtown Cleveland amenities, supporting flexible usage and straightforward guest and workforce routing. The improved parking lot includes 336 parking spaces for on-site convenience.
With recent capital work completed and the ability to fund improvements noted by the landlord, the property is designed to support occupancy and operational changes with less upfront disruption.
Key Highlights
- 57,001 square feet warehouse/distribution facility
- Major renovations completed in 2021, including new roof, mechanicals, and finishes
- Turnkey event space
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
$0.83 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44103, OH
14,469
Population
9,479
Households
1.5
Avg Household Size
43
Median Age
12%
College-Educated
78%
High-School Grad
4.1 sq mi
ZIP Area
3,529
Density / Sq Mi
$24,219
Median Household Income
$27,495
Median Earnings
$720
Median Rent
$57,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Cleveland, OH
$8.58 /SF/Yr
Avg Asking Price
$5.42–$15 /SF/Yr
Price Range
55,897 SF
Avg Space Size
This space is priced 36% below the average of $8.58 /SF/Yr.
Vacancy Rate% for Industrial in Cleveland, OH
Similar Off Market Nearby
- CubeSmart Self Storage — 5440 S Marginal Rd, Cleveland, OH 44114
- Gateway Warehouses — 7515 Detour Ave, Cleveland, OH 44103
- Cleveland Truck Parking — 799 E 73rd St, Cleveland, OH 44103
- K & J Warehouse — 7615 Detour Ave, Cleveland, OH 44103
- Cleveland Maxi Storage — 7514 Bittern Ave, Cleveland, OH 44103
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with a turnkey event space setup, major 2021 renovations, and improved parking with access to I-90.
Where is this warehouse located?
The property is located at 850 E 72nd St Cleveland, OH.
What is the lease rate?
The lease rate is $5.50 SF/Yr.
What are key features of this property?
This property features: 57,001 square feet warehouse/distribution facility; Major renovations completed in 2021, including new roof, mechanicals, and finishes; Turnkey event space
