7501 Carnegie Ave Cleveland, OH 44103

This exceptional 138,046 square foot multi-tenant industrial complex in Cleveland, Ohio, presents a compelling investment opportunity. Situated on a 4.88-acre lot at 7501 Carnegie Ave, this Class A property boasts a 100% occupancy rate with ten credit-rated tenants, including Cleveland Kraut, Garden of Flavor, and PODS. The property features a diverse mix of flex space, refrigerated/cold storage, and warehouse areas, totaling seventeen units. Originally built in 1925 with ongoing renovations since 2012, the building includes nine loading docks, seven dock-high doors, and ceiling heights reaching 26'9". Key amenities include heavy power, a building-wide sprinkler system, shop restrooms, floor drains, and food-grade racking. The property benefits from a strategic location with easy access to major interstates, a skilled workforce, and public transportation, ideally servicing the Central Business District, Midtown, Case Western Reserve University, University Hospitals, and The Cleveland Clinic. The current NOI is $1,055,644, yielding an 8.95% cap rate. The property is zoned for general industrial use and is located in an Opportunity Zone. This stabilized investment offers significant upside potential due to increasing construction costs and decreasing supply. The asking price is $11,800,000.