NSL Analytical Services HQ R&D
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NSL Analytical Services HQ R&D
2 Properties in Warrensville Heights, OH
Investment Highlights
- Mission-Critical HQ
- New 10-Year Extension
- Substantially Below Replacement Cost
- "Sticky" Location
- Assumable Debt Available
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the NSL Analytical
Services Research & Development Laboratory Portfolio in Warrensville Heights, OH, a Cleveland Suburb.
The Cranwood location is a 30,877 SF mission-critical testing laboratory leased to NSL Analytical
Services on a newly executed 10-year lease extending through November 30, 2033, with 3.5% annual
rental increases (see lease abstract for details). NSL has operated at this location for over 40 years, and the
property has been adapted to a chemical laboratory and heavily renovated to the tenant’s specific use.
The Renaissance location is an 11,800 SF research and development laboratory that is subleased
to Centerline Biomedical, a leading company in the field of medical imaging technology. Founded in
2014, Centerline Biomedical specializes in innovative vascular navigation and visualization systems that
enhance precision and safety in endovascular procedures.
Services Research & Development Laboratory Portfolio in Warrensville Heights, OH, a Cleveland Suburb.
The Cranwood location is a 30,877 SF mission-critical testing laboratory leased to NSL Analytical
Services on a newly executed 10-year lease extending through November 30, 2033, with 3.5% annual
rental increases (see lease abstract for details). NSL has operated at this location for over 40 years, and the
property has been adapted to a chemical laboratory and heavily renovated to the tenant’s specific use.
The Renaissance location is an 11,800 SF research and development laboratory that is subleased
to Centerline Biomedical, a leading company in the field of medical imaging technology. Founded in
2014, Centerline Biomedical specializes in innovative vascular navigation and visualization systems that
enhance precision and safety in endovascular procedures.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 42,400 SF |
| Number of Properties | 2 | Total Land Area | 3.83 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 42,400 SF |
| Total Land Area | 3.83 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 4450 Cranwood Pky, Warrensville Heights, OH 44128 | Office | 30,600 SF | 1980 | - |
| 4535 Renaissance Pky, Warrensville Heights, OH 44128 | Flex | 11,800 SF | 1985 | - |
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Mark Lovering -
Northmarq
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NSL Analytical Services HQ R&D
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