29001 Solon Rd
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29001 Solon Rd
194,640 SF 95% Leased Industrial Building Solon, OH 44139 $16,544,400 ($85/SF) 6.40% Cap Rate
Investment Highlights
- Below market lease rates.
- 94.9% occupancy.
- Value-add investment opportunity.
Executive Summary
Value-add investment opportunity available for sale in Solon. The 194,640 square foot building sits on roughly 14 acres and offers 25 docks/levelers, 9 drive-in doors, and a clear height of 20 feet. The property is outfitted with heavy power. Columns on the building are at 32' W x 40' D and the building features a wet sprinkler system. Portions of the roof were replaced in 2019 and 2023, with a final section in need of replacement. The parking lot to the building was resurfaced in 2022.
Property Facts
| Price | $16,544,400 | Rentable Building Area | 194,640 SF |
| Price Per SF | $85 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1972 |
| Cap Rate | 6.40% | Parking Ratio | 3.08/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 20 FT |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 25 |
| Building Class | B | No. Drive In / Grade-Level Doors | 9 |
| Lot Size | 13.99 AC |
| Price | $16,544,400 |
| Price Per SF | $85 |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 13.99 AC |
| Rentable Building Area | 194,640 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Parking Ratio | 3.08/1,000 SF |
| Clear Ceiling Height | 20 FT |
| No. Dock-High Doors/Loading | 25 |
| No. Drive In / Grade-Level Doors | 9 |
Amenities
- Bio-Tech/ Lab Space
- Security System
- Air Conditioning
Utilities
- Lighting - Halide
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 953-07-001 | Improvements Assessment | $1,440,180 |
| Land Assessment | $359,940 | Total Assessment | $1,800,120 |
PROPERTY TAXES
Parcel Number
953-07-001
Land Assessment
$359,940
Improvements Assessment
$1,440,180
Total Assessment
$1,800,120
zoning
| Zoning Code | I-2 |
| I-2 |
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Power Broker Terry Coyne -
Newmark
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29001 Solon Rd
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