Multifamily
Hat Factory
1235 W 6th St, Cleveland, OH 44113
Listing Price: Request For Offer
Number of Units
33
Occupancy
94.0%
Gross SF
39,780
Investment Overview
Marcus & Millichap is pleased to present the Hat Factory in Cleveland, Ohio.
Hat Factory
Investment Highlights
- Owned and meticulously managed by the same local investor for the last 40+ years
- Located in the heart of the Warehouse District and within walking distance to all of Downtown Cleveland's major employers and entertainment districts
- 7-minute walk from Sherwin-Williams brand-new, $300M+, 1-million square foot global headquarters
- $29,000+ of immediate organic rent growth - current rents are $200+ below competing properties in the neighborhood
- $47,450+ of annual rent growth through unit renovation program
- $118,770+ of additional income generated from adjacent surface parking lot
- 10,200 sf of fully occupied commercial office space - +$122,400 of in-place commercial income
- In-suite laundry in all units
Exclusively Listed By
Financing By
Listing Price: Request For Offer
Number of Units
33
Occupancy
94.0%
Gross SF
39,780
Investment Highlights
- Owned and meticulously managed by the same local investor for the last 40+ years
- Located in the heart of the Warehouse District and within walking distance to all of Downtown Cleveland's major employers and entertainment districts
- 7-minute walk from Sherwin-Williams brand-new, $300M+, 1-million square foot global headquarters
- $29,000+ of immediate organic rent growth - current rents are $200+ below competing properties in the neighborhood
- $47,450+ of annual rent growth through unit renovation program
- $118,770+ of additional income generated from adjacent surface parking lot
- 10,200 sf of fully occupied commercial office space - +$122,400 of in-place commercial income
- In-suite laundry in all units
Investment Overview
Marcus & Millichap is pleased to present the Hat Factory in Cleveland, Ohio.
Exclusively Listed By
Financing By
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