Available For Sale - Industrial , Warehouse

68,369 SF | Show Pricing $


Graydon Fox
SVN | Summit Commercial Real Estate Advisors, 330-703-5283


68,369 SF
Show Pricing $
Listing ID
The Subject Property includes a 16,000 SF industrial building with frontage on East Tallmadge Avenue, a 52,369 SF industrial building that was converted to office, and 20.62 acres of land. The tenant, FedEx, occupies the entire 16,000 SF front building and 6,500 SF in the rear building. FedEx has been a tenant in the front building since 1989 and have options to extend their lease term through 2034. The rear building was originally an industrial building but was converted to an office environment when Roadway was a tenant. In the rear building, only 6,500 SF of the 52,369 SF can be considered industrial space as is. The large parking lot and 20+ acres of land offer expansion and redevelopment opportunities for an investor. Currently, the property is grossing $141,876 annually with only 12% of the rear building occupied. This is a value add opportunity for the right investor that is comfortable with FedEx as a long term tenant and is willing to take on a conversion project that has the potential to gross over $300,000 annually once fully leased.

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Graydon Fox, SVN | Summit Commercial Real Estate Advisors
BRE# SAL2019006700