Investment Overview

Marcus & Millichap is proud to present the sale of 15708 Industrial Parkway, a prime 10-year sale-leaseback industrial investment opportunity in Cleveland, Ohio. This property is situated in a highly sought-after industrial park in southwest Cleveland, an area characterized by minimal vacancy and proximity to major transportation routes, including Interstate 71, Interstate 480, and Cleveland Hopkins International Airport, all within a three-mile radius. The property features approximately 30,055 square feet of industrial space on a 1.17-acre lot, equipped with four external docks and a clear height of 14 feet. The tenant, Modular Systems Technicians (MST), a well-established full-service commercial furniture installation company, has operated from this location for over a decade. Upon the close of escrow, MST will commit to a 10-year absolute net lease with 3 percent annual rental increases and two, five-year renewal options. This offering presents investors with the opportunity to acquire a stable industrial asset in a dynamic segment of the Cleveland market. Priced at $2 million, the property generates a net operating income of $165,028, reflecting a strong capitalization rate of 8.25 percent.