Map of Property

WABTEC (NYSE:WAB) Absolute NNN Industrial/Manufacturing

For Sale

4677 Manufacturing Road, Cleveland, OH 44135

This Cleveland property for sale is located at 4677 Manufacturing Road. The current listed sale price for WABTEC (NYSE:WAB) Absolute NNN Industrial/Manufacturing is $3,150,000. WABTEC (NYSE:WAB) Absolute NNN Industrial/Manufacturing is situated on a lot that is 1.9 acre in size.

Contacts

broker

Dan Lariccia

Passov Real Estate Group

(440) 669-1109

Property Details

  • Property Type Industrial - Manufacturing
  • Property Size 41,081 SF
  • Lot Size 1.9 Acre
  • Year Built 1962
  • Date Updated Jan 12, 2024
  • HVAC None
The subject property was built in two separate phases (1962, 1988) and comprises 41,081 SF, of which 3,370 SF is allocated to office space. The property has been meticulously maintained over the years and has seen significant and ongoing upgrades, including a new roof replacement on the entire building in 2019. The property is located in an industrial park that is currently 98% occupied and less than 1 mile from the Cleveland Hopkins International Airport, Cleveland International Exposition Center and the NASA Glenn Research Center. The site also has irreplaceable access to major thoroughfares I-480 and I-71, two of the most heavily trafficked highways in all of Ohio. WABTEC recently executed a lease extension that extends its lease through July of 2027. This same operation has been operating at this location since 1975 and has spent more than $350,000 in its own funds in recent capital improvements.

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Highlights

  • Decades long occupant WABTEC (NYSE: WAB) recently exercised 5-year extension
  • Absolute NNN Lease, no Landlord obligations
  • Corporate Guarantee by WABTEC – current credit rating of “BBB-” by Fitch and $17B market capitalization value
  • Located less than one mile from Cleveland International Airport, NASA Glenn Research Center and Cleveland IX Center
  • Recent upgrades include complete roof replacement in 2019, brand new HVAC system in 2018 and restrooms and common area, office space will be completely renovated this year
  • Industrial Park currently 98% occupied
  • Tenant has spent more than $350,000 of its own funds on capital improvements and also occupies a 90,000 sf adjacent building

Attachments

Getting around

  • 26/100

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  • 33/100

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  • 38/100

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Location

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

Points of Interest

  • Brookpark

    0.92 miles

  • Puritas

    0.92 miles

  • Airport

    1.87 miles

  • West Park

    2.19 miles

  • Triskett

    2.94 miles

  • West 117th–Madison

    3.92 miles

  • West Boulevard–Cudell

    4.67 miles

  • West 65th–Lorain (Eco-Village)

    5.41 miles

  • West 25th–Ohio City

    6.87 miles

  • Settlers Landing

    7.39 miles

  • Speedway

    0.79 miles

  • BP

    1.04 miles

  • Marathon

    1.24 miles

  • BP

    1.32 miles

  • Shell

    1.59 miles

  • Shell

    1.61 miles

  • Marathon

    1.68 miles

  • GetGo

    1.72 miles

  • Shell

    1.80 miles

  • Sunoco

    1.94 miles

  • Carriage Auto Wash

    1.00 miles

  • Airport Car Rental/Shuttle

    1.47 miles

  • U-Haul

    1.55 miles

  • Sheetz Car Wash

    2.09 miles

  • Fairview Laserwash

    2.59 miles

  • Sheetz Car Wash

    2.69 miles

  • BP Car Wash

    2.82 miles

  • Enterprise

    2.99 miles

  • Enterprise

    3.22 miles

  • Jerry Kuhn's Kwik Car Wash

    3.60 miles

  • Mr. Hero

    0.42 miles

  • Happy's Pizza

    0.64 miles

  • Burger King

    0.64 miles

  • Canary's

    0.69 miles

  • Denny's

    0.78 miles

  • AMP 150

    0.82 miles

  • Express Deli

    0.92 miles

  • McDonald's

    0.93 miles

  • Pizza Hut

    0.97 miles

  • Cozumel

    0.98 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