14800 Foltz Industrial Pkwy Strongsville, OH 44136
- Warehouses
- 20,218 SF
- 4.02 lot acres
Current Use by Public Records
- Warehouses
Property Details for 14800 Foltz Industrial Pkwy
- Lot size
- 4.02 lot acres
- Property size
- 20,218 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a 20,218-square-foot warehouse located at 14800 Foltz Industrial Pkwy, Strongsville, OH 44136. The property sits on a 4.02-acre lot and is currently 100% occupied by LLK Greenhouse Solutions under a 20-year triple-net (NNN) lease with a corporate guarantee. The lease commenced upon the closing of escrow and features annual rent bumps of 3%, ensuring consistent income growth. The current annual net operating income (NOI) is $300,000, resulting in an attractive 7.25% capitalization rate. The lease provides for 4 or 5-year lease options. This warehouse serves as the primary production, inventory, and operations facility for LLK Greenhouse Solutions, a financially stable tenant. The property benefits from its strategic location in a prime industrial corridor of Strongsville, Ohio, near major companies such as Applied MSS, Schaeffler Group, and others. Its proximity to downtown Cleveland further enhances its desirability. This is a rare opportunity to acquire a stable, high-yielding industrial property with long-term lease security and significant upside potential. The asking price is $4,137,931.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Strongsville
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.8724
- Latitude
- 41.3074
