153,000 SF Industrial Building for Sale on 7.8 Acres in Mentor, Ohio

8820 East Avenue Mentor, OH 44060

8820 East Avenue, Mentor, OH, 44060
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FOR SALE FOR LEASE
Property Type:
Factory
Amount:
$3,500,000
Last Verified:
Mar 27, 2024

Highlights


Description

Total property is approximately 153,000 SF on 7.8 acres of land. Heavy electrical power is brought to property, specifically 1200 amp, 480 Volt, 3-Phase power. Oil/Gas well is included with sale with all mineral right offered in purchase. Addition built in 2002 has standard fire suppression with 22' clear height ideal for rack storage. Remaining clear heights range from 20' to 14' in warehouse and manufacturing areas.

All offers on property are welcomed and will be submitted immediately to Seller for review. Seller will lease-back approximately 25,000 SF as value-add proposition for terms agreed upon. Participating Buyer's brokers are welcome. Mentor, Ohio is ranked 10th in manufacturing in the State with a strong manufacturing workforce and pro-business community. Incentives and abatements are offered to new manufacturing businesses moving to Mentor, Ohio to promote business.

$3.75 per SF (modified gross) for lease. Will subdivide. Move-in ready. Landlord is performing significant upgrades to building including new loading docks and drive-in doors for multiple entry in building, LED lighting, new restrooms, exterior repairs, and roof replacement.

8820 East Avenue, Mentor, Ohio is located 1 mile south of SR 2 off Hopkins Road as well as 3 miles south of I-90 via Station Street and SR 615 (Center Street). Regionally located in NE Ohio with direct routes to all major transportation highways.


Year Built: 1965
Building Size: 153000sq ft
Lot Size: 7.83 acres


Documents

Sale/Lease Brochure (L)

Units for Lease

8820 East Avenue
Space Available: 153000 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $5.00

Map of 8820 East Avenue, Mentor, OH, 44060

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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"Incentives" are vital today and in the future because:

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