720 Highland Rd Macedonia, OH 44056
For Lease
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This exceptional 146,250-square-foot industrial complex, situated on 6.35 acres in Summit County's Southeast submarket, presents a unique investment opportunity. The property boasts a prime location with convenient access via East Highland Road and Empire Parkway. The facility comprises two buildings, each two stories high, offering a blend of office and warehouse/manufacturing space. A substantial 128,346 square feet is dedicated to warehouse and manufacturing, complemented by 17,904 square feet of office space. The high ceilings, measuring 19'6", provide ample vertical clearance. Loading and unloading are facilitated by fourteen truck docks – six internal and eight external – and eight drive-in doors of varying sizes (10'x12', 10'x18', 12'x14', and 14'x18'). The property is zoned for industrial use and features robust power infrastructure, including 6000A/480V/3P power with buss duct distribution. Manufacturing-specific amenities include shop restrooms and locker rooms, compressed air line distribution, and both 2-ton and 3-ton cranes. Ample parking is available with 100 spaces. The property's APN is 33-03312, 33-03311. This well-maintained facility offers significant potential for a variety of manufacturing and industrial operations. The single-tenant occupancy provides stability and ease of management. This is a rare opportunity to acquire a substantial, well-equipped industrial property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.