Value-Add Net Leased Industrial

5800 Grant Ave, Cleveland, OH
Deal Type:
Net Lease
Current Rent:
Lease Type:
Triple Net
Landlord Responsibilities:
Roof and Structure
Lease Expiration Date:
Approx. 1.5 years
Renewal Options:
One, 5-year option
Building Sq. Ft.:
189,304 SF
Site Size:
13.73 Acres

Investment Highlights

  • Value-add opportunity in highly coveted Brooklyn Heights submarket of Cleveland with below-market rents and attractive basis
  • Industrial market rents in the Brooklyn Heights submarket are moderately higher than the rest of the metro area and grew at over 3% year-over-year (the strongest rate of rent growth in the submarket in more than 5 years)
  • Positioned directly off Interstate 77 near the convergence of I-77 and I-480, the property is 15 minutes from Cleveland Hopkins International Airport and 10 minutes from Downtown Cleveland
  • Short-term lease with potential to extend with current tenant (BBB+ rated parent company), or redevelop / retenant at higher market rents
  • Long-term strategic facility to the business, with over 150 years of operating history; this is the tenant’s only location in Cleveland

Listing Agents

Krupa Shah

Managing Director
646 734 4188
Jeff Lizzo STREAM Capital Partners

Jeff Lizzo

Senior Vice President
630 222 8409

In Association with ParaSell, Inc. | A Licensed Ohio Broker #REC.2020005946


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