29001 Solon Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
29001 Solon Rd
194,640 SF 95% Leased Industrial Building Solon, OH 44139 £13,053,531 (£67/SF) 6.40% Net Initial Yield
Investment Highlights
- Below market lease rates.
- 94.9% occupancy.
- Value-add investment opportunity.
Executive Summary
Value-add investment opportunity available for sale in Solon. The 194,640 square foot building sits on roughly 14 acres and offers 25 docks/levelers, 9 drive-in doors, and a clear height of 20 feet. The property is outfitted with heavy power. Columns on the building are at 32' W x 40' D and the building features a wet sprinkler system. Portions of the roof were replaced in 2019 and 2023, with a final section in need of replacement. The parking lot to the building was resurfaced in 2022.
Property Facts
| Price | £13,053,531 | Rentable Building Area | 194,640 SF |
| Price Per SF | £67 | Number of Floors | 1 |
| Sale Type | Investment | Year Built | 1972 |
| Net Initial Yield | 6.40% | Parking Ratio | 3.08/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 20 ft |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 25 |
| Building Class | B | Level Access Doors | 9 |
| Lot Size | 13.99 AC |
| Price | £13,053,531 |
| Price Per SF | £67 |
| Sale Type | Investment |
| Net Initial Yield | 6.40% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 13.99 AC |
| Rentable Building Area | 194,640 SF |
| Number of Floors | 1 |
| Year Built | 1972 |
| Parking Ratio | 3.08/1,000 SF |
| Clear Ceiling Height | 20 ft |
| No. Dock-High Doors/Loading | 25 |
| Level Access Doors | 9 |
Amenities
- Bio-Tech/ Lab Space
- Security System
- Air Conditioning
Utilities
- Lighting - Halide
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 953-07-001 | Improvements Assessment | £1,136,302 |
| Land Assessment | £283,993 | Total Assessment | £1,420,295 |
PROPERTY TAXES
Parcel Number
953-07-001
Land Assessment
£283,993
Improvements Assessment
£1,136,302
Total Assessment
£1,420,295
zoning
| Zoning Code | I-2 |
| I-2 |
-
Power Broker Terry Coyne -
Newmark
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
29001 Solon Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.