Multi-Tenant Industrial Investment Opportunity

For Sale

12117 Bennington Avenue, Cleveland, OH 44135

This Cleveland property for sale is located at 12117 Bennington Avenue. The current listed sale price for Multi-Tenant Industrial Investment Opportunity is Subject To Offer. Multi-Tenant Industrial Investment Opportunity is situated on a lot that is 12.3 acre in size.

Contacts

broker

Dan Lariccia

Passov Real Estate Group

(440) 669-1109

Property Details

  • Property Type Industrial - Manufacturing
  • Property Size 206,536 SF
  • Lot Size 12.3 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated Jan 18, 2024
  • HVAC None
100% occupied complex with strong upside. Below Market Rents. Significant upside in income with several tenants paying below market rents and are on MFG lease structures. Long term historical occupancy of partial tenant base.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • 100% occupied complex with strong upside
  • Below Market Rents
  • Significant upside in income with several tenants paying below market rents and are on MFG lease structures
  • Long term historical occupancy of partial tenant base
  • Consistent below market vacancy rate
  • Limited “time-on-market” when vacancy occurs
  • Exceptional alternative for multiple mid-size, value conscience, qualified users with a genuine requirement and limited alternatives.
  • Well maintained for its age - asset consistently improved based upon specific tenant requirements.
  • Going forward upside as new construction cost continues to increase, lease rates increase and demand for this product type continues to grow as the supply decreases.
  • Forty-eight percent (48%) of the tenancy have been at the property since 2015; twenty percent (20%) of the tenancy have been at the property since 2012 with one tenant since 1993.
  • Fifty-six percent (56%) of the tenancy is warehousing and forty-four percent (44%) of the tenancy is manufacturing.

Getting around

  • 27/100

    Walk Score ®

  • 32/100

    Transit Score ®

  • 21/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Cleveland, OH
  • Neighborhood Puritas-Longmead
  • Zip Code 44135
  • Market Cleveland Akron

Points of Interest

  • Puritas

    2.02 miles

  • West Park

    2.39 miles

  • Brookpark

    2.68 miles

  • Triskett

    2.87 miles

  • West 117th–Madison

    3.46 miles

  • Airport

    3.54 miles

  • West Boulevard–Cudell

    3.91 miles

  • West 65th–Lorain (Eco-Village)

    4.21 miles

  • West 25th–Ohio City

    5.52 miles

  • Settlers Landing

    6.16 miles

  • Shell

    0.66 miles

  • Sheetz

    0.74 miles

  • BP

    0.93 miles

  • Speedway

    0.97 miles

  • Sam's Club

    0.99 miles

  • Marathon

    1.04 miles

  • Texaco

    1.43 miles

  • Sheetz

    1.50 miles

  • Speedway

    1.71 miles

  • BP

    1.79 miles

  • Sheetz Car Wash

    0.76 miles

  • BP Car Wash

    0.94 miles

  • Enterprise

    1.33 miles

  • Sheetz Car Wash

    1.47 miles

  • Carriage Auto Wash

    1.76 miles

  • Waterway Express

    2.07 miles

  • U-Haul

    2.70 miles

  • Jerry Kuhn's Kwik Car Wash

    3.23 miles

  • Enterprise

    3.32 miles

  • Airport Car Rental/Shuttle

    3.36 miles

  • Mr. Hero

    0.37 miles

  • Pizza Planet

    0.38 miles

  • Buffalo Wild Wings

    0.58 miles

  • El Palenque

    0.60 miles

  • Big Boy's

    0.61 miles

  • Carrabba's Italian Grill

    0.62 miles

  • Panera Bread

    0.65 miles

  • Cracker Barrel

    0.67 miles

  • Bob Evans

    0.68 miles

  • TGI Friday's

    0.70 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Dan Lariccia

Passov Real Estate Group

(440) 669-1109