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Office Warehouse

Chandler Park

17325 Euclid Ave, Cleveland, OH 44112

Listing Price: $13,500,000

Cap Rate
7.90%
Gross SF
765,000
Price/Gross SF
$17.65
Lot Size
19.00 acres
Year Built
1920
Rentable SF
680,000

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to offer for sale an industrial/flex portfolio known as Chandler Park located in Cleveland, OH. Chandler Park is a three-property portfolio situated within one city block, totaling approximately 765,000 square feet. It sits on approximately 19 acres with rail access. Chandler Park consists of 17325 Euclid Ave, 1700 London Rd, and 1800 London Rd. 17325 Euclid is approximately 590,000 square feet with an additional freestanding 5,000 square foot Warehouse. There are currently four main sources of revenue: self-storage, warehousing, salons, and licensed coworking office spaces. There is also revenue generated from the outdoor, overnight parking. 1700 London is approximately 110,000 square feet currently leased to five tenants with some vacancy. 1800 London is approximately 60,000 square feet fully leased to six tenants. Value-Add Opportunity: Raise Rents, Redevelop, Lease-up Within 2.5 miles of I-90 Located near Railway Partial Former Data Center Space

Investment Highlights

  • Chandler Park is a three-property portfolio situated within one city block, totaling approximately 765,000 square feet.
  • It sits on approximately 19 acres with rail access.
  • Chandler Park consists of 17325 Euclid Ave, 1700 London Rd, and 1800 London Rd.
  • 17325 Euclid is approximately 590,000 square feet with an additional freestanding 5,000 square foot Warehouse.
  • 1700 London is approximately 110,000 square feet currently leased to five tenants with some vacancy.
  • 1800 London is approximately 60,000 square feet fully leased to six tenants.
  • Value-Add Opportunity: Raise Rents, Redevelop, Lease-up
  • Within 2.5 miles of I-90

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Office Warehouse

Chandler Park

Listing Price: $13,500,000

Cap Rate
7.90%
Gross SF
765,000
Price/Gross SF
$17.65
Lot Size
19.00 acres
Year Built
1920
Rentable SF
680,000

Investment Highlights

  • Chandler Park is a three-property portfolio situated within one city block, totaling approximately 765,000 square feet.
  • It sits on approximately 19 acres with rail access.
  • Chandler Park consists of 17325 Euclid Ave, 1700 London Rd, and 1800 London Rd.
  • 17325 Euclid is approximately 590,000 square feet with an additional freestanding 5,000 square foot Warehouse.
  • 1700 London is approximately 110,000 square feet currently leased to five tenants with some vacancy.
  • 1800 London is approximately 60,000 square feet fully leased to six tenants.
  • Value-Add Opportunity: Raise Rents, Redevelop, Lease-up
  • Within 2.5 miles of I-90

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to offer for sale an industrial/flex portfolio known as Chandler Park located in Cleveland, OH. Chandler Park is a three-property portfolio situated within one city block, totaling approximately 765,000 square feet. It sits on approximately 19 acres with rail access. Chandler Park consists of 17325 Euclid Ave, 1700 London Rd, and 1800 London Rd. 17325 Euclid is approximately 590,000 square feet with an additional freestanding 5,000 square foot Warehouse. There are currently four main sources of revenue: self-storage, warehousing, salons, and licensed coworking office spaces. There is also revenue generated from the outdoor, overnight parking. 1700 London is approximately 110,000 square feet currently leased to five tenants with some vacancy. 1800 London is approximately 60,000 square feet fully leased to six tenants. Value-Add Opportunity: Raise Rents, Redevelop, Lease-up Within 2.5 miles of I-90 Located near Railway Partial Former Data Center Space

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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