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Commerce Park Circle 23366 Commerce Park

24,970 SF 60% Leased Light Industrial Building Beachwood, OH 44122 £1,380,750 (£55/SF)

Investment Highlights

  • Potential incentives available from the city.
  • Well-maintained property.

Executive Summary

Rare opportunity to own flex/office product in the Chagrin Corridor. 60% occupancy with mostly short-term leases in place provides ultimate flexibility for an owner-user or reposition of the property as a developer. Building currently configured with 12,295 SF of warehouse/flex space with a 2-story office component at the front totaling 12,675 square feet. Well maintained property. Potential incentives available from the city.

Property Facts

Price £1,380,750
Price Per SF £55
Sale Type Investment or Owner User
Property Type Light Industrial
Property Subtype
Light Distribution
  • Office Industrial Live Work Unit
Building Class C
Lot Size 1.39 AC
Rentable Building Area 24,970 SF
Number of Floors 2
Year Built 1971
Parking Ratio 3.36/1,000 SF

Amenities

  • Air Conditioning

Utilities

  • Lighting

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
742-22-017
Land Assessment
£82,651
Improvements Assessment
£205,861
Total Assessment
£288,504

zoning

Zoning Code U-8
U-8
  • Listing ID: 33071607

  • Date on Market: 05/09/2024

  • Last Updated:

  • Address: 23366 Commerce Park, Beachwood, OH 44122

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