Industrial•Warehouse/Distribution•For Sale

775 - 779 West Smith Road, Medina, Ohio 44256

Sale Price $3,985,000
Sale Type Investment
Zoning I-1 Industrial
Bldg Type Multi-Tenant
Year Built 1973
Year Renovated 2018
Vacancy 95%
Gross Bldg 100,000 SqFt
Land Area 5.88 Acres
Dock High Doors 15
Drive In Doors 10
Market Greater Cleveland
Sub-Market Medina
Multi-tenant industrial investment property for sale. Zoning allows for industrial and distribution with flex and office spaces available. There is 100,000sf of total space in three buildings. The owner has done many upgrades including a new roof, siding, AC, LED lighting, and replaced the warehouse heating with overhead tube heaters. Located just west of State Road in the City of Medina. Property is five miles west of Interstate 71 and State Route 18 Intersection.
  • 775 W. Smith Road: 5 tenants, 4,950sf office and 43,500sf warehouse; 6 docks with levelers; 5- 12'X14' drive-in doors
  • 777 W. Smith Road: 4 tenants; 4,113sf office and 24,000sf warehouse; Upgraded led lighting; 5 docks with levelers; 2- 12'X14' drive in doors
  • 779 W. Smith Road: 1 tenant; 24,000sf with 2,368sf office and 21,632sf warehouse; 4 docks with levelers; 3- 12'X14' drive-in doors
  • 5.88 acres total
  • Located just west of State Road in the City of Medina. Property is five miles west of Interstate 71 and State Route 18 Intersection.
  • NOI: $397,512.24
  • Cap Rate: 9.98%
2/18/2020 2:54:35 AM 3/25/2020 3:30:40 PM
Steve Masica
Real Estate Consultant
Sperry CGA | The Masica Company
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