1645 Industrial Pkwy. Listing Details & Market Data

1645 Industrial Parkway South, Brunswick, OH 44212

  • For Sale Subject To Offer
  • Property Type Industrial - Warehouse/Distribution
  • Property Size 24,000 SF
  • Units 1
  • Lot Size 5.05 Acre
  • Property Tenancy Single Tenant
  • Year Built 2004
  • Date Updated Apr 9, 2024
  • Dock High Doors 2
  • Office Area 3,000 SF
  • Fire Sprinklers Wet
  • HVAC None
Brunswick is a welcoming home to business, community, and economic growth. Explore all the wonderful opportunities Brunswick has to offer, from outstanding business sites and established locations for both industrial and commercial, to great educational opportunities, fantastic available workforce, and training options, within a growing community and region. Strategically located in the northern tier of Medina County, with direct access to I-71, just 15 minutes south of CLE International Airport, Brunswick has a population of more than 37,000 to assist in workforce solutions. With three industrial parks, two large commercial corridors, and ample opportunity for growth, as well as three major medical support systems within the community and two hospitals within minutes. Brunswick is pro-business, smart manufacturing, and community-engaged, always willing to lend a hand, a foot, or whatever it takes to help support business success.SVN Summit Commercial Real Estate Advisors is proud to exclusively present a remarkable opportunity for investors in the form of a Net Leased Single Tenant Industrial Investment. The property, located at 1645 Industrial Pkwy S, promises stable cash flow and minimal landlord responsibilities. What sets it apart from other single-tenant investments is its innate value-add component, which can be leveraged by astute investors. The current tenant, Master Distribution (An AFC Industries Co.), has been occupying the premises since 2010 and has recently signed a 3-year lease for additional warehouse space on the North Side of the Brunswick Industrial Parkway, indicating their long-term commitment to the location. In 2022, Master Distribution approached the ownership with a proposal to expand the current 24,000 SF building by an additional 18,000 SF, bringing the total lease to 42,000 SF. Site planning and drawings for the expansion have already been completed, providing prospective buyers with an opportunity to enhance the value and NOI of their initial investment.

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Highlights

  • • 10 Year Corporate Backed Lease.
  • • Tenant has been at the location since 2010.
  • • Approximately 3-acres of highly valued industrial land available for expansion.
  • • High-demand Industrial location, thanks to excellent highway access and pro-business city and county governments.
  • • Local industrial market maintains extremely low vacancy rates YOY.
  • • Local industrial market is high barrier to entry with very few purchase opportunities YOY.
  • • Highly educated local workforce and low crime environment support business growth.

Contacts

broker

Tyler Robin

SVN | Summit Commercial Real Estate Group

(330) 591-7974

Location

Getting Around

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    Car-Dependent (14)
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    Somewhat Bikeable (32)
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  • City Brunswick, OH
  • Neighborhood Brunswick
  • Zip Code 44212
  • Market Cleveland Akron

Points of Interest

  • Shell

    0.49 miles

  • Sheetz

    0.65 miles

  • Speedway

    0.67 miles

  • Sunoco

    0.70 miles

  • GetGo

    0.92 miles

  • Speedway

    2.52 miles

  • Hinckley Convenience & Gas

    2.58 miles

  • Circle K

    2.63 miles

  • Ameri-Store

    2.71 miles

  • BP Gas Station

    2.72 miles

  • Horse Trailer Parking

    3.25 miles

  • Parking Lot

    7.64 miles

  • car parking

    8.99 miles

  • truck parking

    9.00 miles

  • Marc's

    0.90 miles

  • Giant Eagle

    0.99 miles

  • Meijer

    1.56 miles

  • Big Lots

    2.40 miles

  • Dollar General Market

    2.42 miles

  • Rego’s Neighborhood Market

    3.32 miles

  • Marc's

    5.21 miles

  • Giant Eagle - Market District

    5.23 miles

  • JCPenney

    5.48 miles

  • Big Lots

    5.55 miles

Contact Listing Broker

broker

Tyler Robin

SVN | Summit Commercial Real Estate Group

(330) 591-7974