Property Summary Report

Page 1

10/1/2021

Property Summary Report

30335 Palisades Pky - Prec Metal PlatingWickliffe, OH 44092 - Wickliffe/Willowick Submarket

BUILDING

Type 2 Star Industrial Warehouse

Tenancy Single

Year Built 1977

RBA 13,825 SF

Stories 1

Typical Floor 13,825 SF

Ceiling Ht 16'

Construction Masonry

LAND

Land Acres 1.49 AC

Zoning CM

Parcel 29-A-001-P-00-003

EXPENSES

Taxes $0.65/SF (2020)

LOADING

Drive Ins 3 tot. Rail Spots None

POWER & UTILITIES

Power 220a/480v 3p

FOR LEASE

Smallest Space 13,825 SF

Max Contiguous 13,825 SF

# of Spaces 1

Vacant 13,825 SF

% Leased 0%

Rent $5.75

Service Type Triple Net

Industrial Avail 13,825 SF

AVAILABLE SPACES

Floor Suite Use Type SF Available Flr Contig Bldg Contig Rent Occupancy Term

P 1st Industrial Direct 13,825/1,250 ofc

13,825 13,825 $5.75/NNN Vacant Negotiable

CBRE

Copyrighted report licensed to CoStar Group

Page 2

10/1/2021


30335 Palisades Pky - Prec Metal PlatingWickliffe, OH 44092 - Wickliffe/Willowick Submarket

SALE

For Sale $658,000 ($47.60/SF)

Sale Type Investment or Owner User

Status Active

TRANSPORTATION

Airport 44 min drive to Cleveland Hopkins International Airport

Walk Score® Car-Dependent (49)

TENANTSPrecious Metal Plating Co. 14,000 SF

PROPERTY CONTACTS

Primary Leasing Company CBRE

950 Main Ave

Cleveland, OH 44113

(216) 687-1800 (p)

(216) 363-6466 (f)

True Owner Precious Metal Plating Co.

30335 Palisades Pky

Wickliffe, OH 44092

(440) 585-7117 (p)

(440) 585-0479 (f)

Sales Company CBRE

950 Main Ave

Cleveland, OH 44113

(216) 687-1800 (p)

(216) 363-6466 (f)

Recorded Owner K T North Coast

30335 Palisades Pky

Wickliffe, OH 44092


Page 3

10/1/2021


1350 Rockefeller RdWickliffe, OH 44092 - Wickliffe/Willowick Submarket

BUILDING

Type 2 Star Industrial Manufacturing

Tenancy Multi

Year Built 1961

RBA 106,000 SF

Stories 1


Ceiling Ht 22'-24'

Columns 20'w x 40'd


LAND

Land Acres 4.08 AC

Zoning I

Parcel 29-A-004-G-00-023

EXPENSES

Taxes $0.69/SF (2020)

LOADING

Docks 6 ext 2 int

Cross Docks None

Rail Spots None

Drive Ins 3 tot./18' w x 18' h

Cranes None

POWER & UTILITIES

Power 3p 3w Heavy

FOR LEASE



# of Spaces 1

Vacant 106,000 SF

% Leased 0%

Rent $4.00

Service Type Modified Gross

Industrial Avail 106,000 SF

AVAILABLE SPACES


P 1st Industrial Direct 106,000 106,000 106,000 $4.00/MG Vacant Negotiable

CBRE


Page 4

10/1/2021


1350 Rockefeller RdWickliffe, OH 44092 - Wickliffe/Willowick Submarket

SALE

For Sale $3,900,000 ($36.79/SF)

Sale Type Owner User

Status Active

Last Sale

Sold Price $650,000 ($6.13/SF)

Date Sep 2012


Financing 1st Mortgage: Lorain National Bank

Bal/Pmt: $525,000/-

TRANSPORTATION

Parking 40 available (Surface);Ratio of 0.38/1,000 SF



TENANTSKinetic Technologies 112,000 SF

PROPERTY CONTACTS

Primary Leasing Company CBRE

950 Main Ave

Cleveland, OH 44113

(216) 687-1800 (p)

(216) 363-6466 (f)

True Owner Cig Oh Wh Llc

2875 Northwind Dr

East Lansing, MI 48823

(989) 321-0281 (p)

Previous True Owner Premier Commercial Realty

5301 Grant Ave

Cleveland, OH 44125

(216) 341-1200 (p)

(216) 341-5120 (f)

Previous True Owner McTevia & Associates

30150 Telegraph Rd

Bingham Farms, MI 48025

(248) 646-2711 (p)

(248) 646-2714 (f)

Sales Company CBRE

950 Main Ave

Cleveland, OH 44113

(216) 687-1800 (p)

(216) 363-6466 (f)

Recorded Owner Cig Oh Wh Llc

2875 Northwind Dr

East Lansing, MI 48823

(989) 321-0281 (p)

Previous True Owner Premier Development Partners

5301 Grant Ave

Cleveland, OH 44125

(216) 496-7000 (p)

(216) 341-5120 (f)

SALE HIGHLIGHTS

• Excellent access to Route 2 & I-90.

• 71,469 employees within a 5 mile radius.

• Abundant parking on the property.

• Features include T-5 lighting, unit heaters, and air rotation system.


Page 5

10/1/2021


28801 Euclid AveWickliffe, OH 44092 - Northeast Submarket

BUILDING

Type 2 Star Retail Freestanding

Year Built 1988

GLA 99,320 SF

Stories 1



LAND

Land Acres 9.20 AC

Zoning Commercial

Parcel 29-A-008-0-00-036

EXPENSES

Taxes $0.77/SF (2020)

SPACE FEATURES

• Bus Line • Monument Signage

• Signalized Intersection

SALE

For Sale Price Not Disclosed

Sale Type Investment

Status Active

TRAFFIC & FRONTAGE

Traffic Volume 83,510 on I- 90 & Lakeland Blvd NW (2017)

82,385 on I- 90 & Lakeland Blvd NW (2020)

Made with TrafficMetrix® Products

TRANSPORTATION



PROPERTY CONTACTS

Sales Company NAI Pleasant Valley

6155 Rockside Rd

Independence, OH 44131

(216) 831-3310 (p)

(216) 831-9869 (f)

Recorded Owner Freeway Lanes Holdings Llc

20434 Krick Rd

Walton Hills, OH 44146

True Owner RollHouse Entertainment

28801 Euclid Ave

Wickliffe, OH 44092

(440) 248-4080 (p)


Page 6

10/1/2021



SALE HIGHLIGHTS

• Back on the Market!

• High density area

• Heavily traveled street


Page 7

10/1/2021


28940 Euclid Ave - ISTRA Party CenterWickliffe, OH 44092 - Northeast Submarket

BUILDING

Type 2 Star Retail Freestanding

Tenancy Multi

Year Built 1957

GLA 16,000 SF

Stories 1


Docks None


LAND

Land Acres 1.76 AC

Zoning GB

Parcel 29-B-008-F-00-001

EXPENSES

Taxes $1.76/SF (2020)

SPACE FEATURES

• Signalized Intersection

SALE

For Sale $464,900 ($29.06/SF)


Status Active

Last Sale

Sold Price $500,000 ($31.25/SF)

Date Nov 2004


Financing Down Payment of $60,000 (12%)

1st Mortgage

TRAFFIC & FRONTAGE

Traffic Volume 8,871 on Euclid Avenue & E 291st St NE (2020)

9,126 on Euclid Ave & E 291st St SW (2020)

Frontage 211' on Euclid Ave


TRANSPORTATION





Page 8

10/1/2021


28940 Euclid Ave - ISTRA Party CenterWickliffe, OH 44092 - Northeast Submarket

PROPERTY CONTACTS

Primary Leasing Company Global Real Estate Advisors, Inc.

8585 East Ave

Mentor, OH 44060

(440) 255-5552 (p)

(440) 255-5553 (f)

True Owner Kondaur Capital, LLC

333 S Anita Dr

Orange, CA 92868

(888) 566-3287 (p)

(877) 566-3287 (f)

Previous True Owner Charles A. Bakula

2862 Mathers Way

Twinsburg, OH 44087

(330) 487-5446 (p)

Sales Company Global Real Estate Advisors, Inc.

8585 East Ave

Mentor, OH 44060

(440) 255-5552 (p)

(440) 255-5553 (f)

Recorded Owner Wilmington Svgs Fund So 2017-2

333 S Anita Dr

Orange, CA 92868

BUILDING NOTES

Entire building in excellent condition! Retail space is occupied. Party center is per booking basis. Bocci courts! Prime location!


Page 9

10/1/2021



BUILDING

Type 3 Star Office

Tenancy Single

Year Built 1964

RBA 280,000 SF

Stories 4



LAND

Land Acres 26.00 AC

Parcel 29-A-003-0-00-005

EXPENSES

Taxes $0.36/SF (2020)

FOR LEASE



# of Spaces 4

Vacant 0 SF

% Leased 100.0%

Rent Withheld - CoStar Est. Rent $16 - 20 (Office)

AVAILABLE SPACES


E 1st Industrial Direct 40,000 40,000 160,000 Withheld 30 Days Negotiable

Premier Commercial Realty

E 2nd Industrial Direct 40,000 40,000 160,000 Withheld 30 Days Negotiable


E 3rd Industrial Direct 40,000 40,000 160,000 Withheld 30 Days Negotiable


E 4th Industrial Direct 40,000 40,000 160,000 Withheld 30 Days Negotiable



Page 10

10/1/2021



SALE



Status Active

Last Sale

Sold Price $1,837,500 ($3.25/SF) - Portfolio Price

Date May 2020


Properties 2

TRANSPORTATION



Walk Score® Somewhat Walkable (59)

PROPERTY CONTACTS

Primary Leasing Company Colliers International

200 Public Sq

Cleveland, OH 44114

(216) 239-5060 (p)

(216) 404-2474 (f)

Sales Company Premier Commercial Realty

5301 Grant Ave

Cleveland, OH 44125

(216) 341-1200 (p)

(216) 341-5120 (f)

Recorded Owner 29801 Euclid Ave LLC

5301 Grant Ave

Cleveland, OH 44125

Previous True Owner Realty Crown Management

100 Henry St

Brooklyn, NY 11201

(718) 522-5111 (p)

Previous True Owner Townsend Capital LLC

210 W Pennsylvania St

Towson, MD 21204

(410) 321-1900 (p)

(410) 321-1901 (f)

Leasing Company Premier Commercial Realty

5301 Grant Ave

Cleveland, OH 44125

(216) 341-1200 (p)

(216) 341-5120 (f)

True Owner Premier Commercial Realty

5301 Grant Ave

Cleveland, OH 44125

(216) 341-1200 (p)

(216) 341-5120 (f)

Previous True Owner LNR Partners, LLC

1601 Washington Ave

Miami Beach, FL 33139

(305) 695-5500 (p)

(305) 695-5589 (f)

Previous True Owner Waxman Industries, Inc.

24460 Aurora Rd

Bedford Heights, OH 44146

(440) 439-1830 (p)

(440) 439-8678 (f)

Property Manager ABB Inc.

23000 Harvard Rd

Highland Hills, OH 44122

(440) 585-8500 (p)

(440) 585-8756 (f)


Page 11

10/1/2021


29100 Lakeland BlvdWickliffe, OH 44092 - Wickliffe/Willowick Submarket

BUILDING

Type 3 Star Industrial Manufacturing

Tenancy Single

Year Built 1960

RBA 110,000 SF

Stories 2


Ceiling Ht 24'


LAND

Land Acres 7.56 AC

Zoning I

Parcel 29-A-004-0-00-007

EXPENSES

Taxes $0.54/SF (2020)

LOADING

Docks 4 ext

Cranes Yes


Rail Spots None

POWER & UTILITIES

Power Yes

SALE

For Sale $3,850,000 ($35.00/SF)


Status Active

TRANSPORTATION




TENANTSAjax Manufacturing Company 110,000 SF

Pines 55,000 SF

PMC Industries Corp. 110,000 SF

Snow Dragon LLC 55,000 SF


Page 12

10/1/2021



PROPERTY CONTACTS

Primary Leasing Company PMC Industries Corp.

29100 Lakeland Blvd

Wickliffe, OH 44092

(440) 943-3300 (p)

(440) 944-1974 (f)

True Owner ParkOhio

6065 Parkland Blvd

Mayfield Heights, OH 44124

(440) 947-2000 (p)

(440) 947-2099 (f)

Property Manager PMC Industries Corp.

29100 Lakeland Blvd

Wickliffe, OH 44092

(440) 943-3300 (p)

(440) 944-1974 (f)

Sales Company Hanna Commercial Real Estate

1350 Euclid Ave

Cleveland, OH 44115

(216) 861-7200 (p)

(216) 861-4672 (f)

Recorded Owner Precision Machining Connection Llc

23000 Euclid Ave

Euclid, OH 44117

SALE HIGHLIGHTS

• 110,000SF Industrial Facility on 7.56 Acres For Sale

• Masonry Construction

• 4 docks and 8 Drive-in Doors, 16' - 24' clear height and 2, 3, 5 and 10 ton cranes

• Sprinklered (85%) and Heavy Power

• 300+ parking

• 18,000Sf Office Area


Page 13

10/1/2021


804 Worden RdWickliffe, OH 44092 - Northeast Submarket

BUILDING

Type 3 Star Retail Convenience Store

Year Built 1946

Year Renov 2018

GLA 928 SF

Stories 1

Typical Floor 928 SF

Construction Wood Frame

LAND

Land Acres 0.31 AC

Zoning R1-50

Parcel 29-A-002-O-00-021

EXPENSES

Taxes $2.42/SF (2020)

SALE

For Sale $139,900 ($150.75/SF)


Status Active

TRAFFIC & FRONTAGE

Traffic Volume 2,351 on E 288th St & Forest Rd NW (2015)

12,805 on Lake Shore Blvd & E 288th St SW (2020)

Frontage 200' on Grand Blvd (with 2 curb cuts)

60' on Worden Rd. (with 1 curb cuts)


TRANSPORTATION




PROPERTY CONTACTS

Sales Company Mark Billington

804 Worden Rd

Wickliffe, OH 44092

(440) 487-7462 (p)

True Owner Mark Billington

804 Worden Rd

Wickliffe, OH 44092

(440) 487-7462 (p)

SALE HIGHLIGHTS

• Solid corner store that's almost always busy. Good client base. Lots of regulars. Owner occupied for the last 23 years.

• New interior walls and ceiling.

• Recently replaced rooftop package HVAC unit.


Page 14

10/1/2021



BUILDING

Type 3 Star Retail Fast Food

Tenancy Single

Year Built 1989

GLA 4,760 SF

Stories 1


Docks None


LAND

Land Acres 1.28 AC

Zoning GB

Parcel 29-A-008-0-00-039

EXPENSES

Taxes $5.35/SF (2020)

SPACE FEATURES

• Pylon Sign • Signage

SALE



Status Active

Last Sale

Sold Price Not Disclosed

Date Nov 2017


TRAFFIC & FRONTAGE

Traffic Volume 8,510 on Euclid Ave & Bishop Rd SW (2014)

10,308 on Euclid Ave & E 286th St SW (2018)

Frontage 33' on Euclid Ave (with 1 curb cuts)


TRANSPORTATION





Page 15

10/1/2021



PROPERTY CONTACTS

Sales Company Colliers International

200 Public Sq

Cleveland, OH 44114

(216) 239-5060 (p)

(216) 404-2474 (f)

Previous True Owner McDonald's Corporation

110 N Carpenter St

Chicago, IL 60607

(630) 623-3000 (p)

(630) 623-5004 (f)

True Owner McDonald Development Corporation

8324 N Cleveland Ave

North Canton, OH 44720

(330) 877-6581 (p)


Page 16

10/1/2021



BUILDING

Type 2 Star Retail Bank

Year Built 2007

GLA 4,114 SF

Stories 1



LAND

Land Acres 1.31 AC

Zoning General Retail

EXPENSES

Taxes $9.93/SF (2020)

PARCEL SPACE FEATURES

• Drive Thru • Pylon Sign

• Signage

SALE

For Sale $325,000 ($79.00/SF)


Status Under Contract

TRAFFIC & FRONTAGE

Traffic Volume 8,871 on Euclid Avenue & E 291st St NE (2020)

9,806 on Lloyd Rd & Euclid Ave SE (2020)



TRANSPORTATION





Page 17

10/1/2021



PROPERTY CONTACTS

Sales Company CBRE

950 Main Ave

Cleveland, OH 44113

(216) 687-1800 (p)

(216) 363-6466 (f)

Recorded Owner Fifth Third Bancorp

38 Fountain Square Pl

Cincinnati, OH 45202

(800) 972-3030 (p)

True Owner Fifth Third Bancorp

38 Fountain Square Pl

Cincinnati, OH 45202

(800) 972-3030 (p)

SALE HIGHLIGHTS

• Traffic Count: 13,990 vehicles per day

• Zoned general retail

• Euclid Avenue frontage


Page 18

10/1/2021


29166-29170 Euclid Ave - Chase Bank PlazaWickliffe, OH 44092 - Northeast Submarket

BUILDING

Type 2 Star Office

Tenancy Multi

Year Built 1994

RBA 9,839 SF

Stories 1


LAND

Land Acres 0.74 AC

Zoning R

Parcel 31-A-008-F-00-034

EXPENSES

Taxes $0.67/SF (2020)

FOR LEASE



# of Spaces 1

Vacant 9,839 SF

% Leased 0%

Rent Withheld - CoStar Est. Rent $12 - 15 (Office)

Office/Ret Avail 9,839 SF

AVAILABLE SPACES


P 1st Off/Ret Direct 9,839 9,839 9,839 Withheld Vacant Negotiable

Hanna Commercial Real Estate

9,839 Total Square Feet4,507 SF Office5,332 SF Retail67 Parking SpacesCurb Cuts on Euclid Ave and Lincoln RdGreat Corner Lot with High VisibilityClose Proximity to Route 2 and I-90


Page 19

10/1/2021


29166-29170 Euclid Ave - Chase Bank PlazaWickliffe, OH 44092 - Northeast Submarket

SALE

For Sale $499,000 ($50.72/SF)


Status Active

TRANSPORTATION




TENANTSHorizon Personnel Resources -

PROPERTY CONTACTS

Primary Leasing Company Hanna Commercial Real Estate

1350 Euclid Ave

Cleveland, OH 44115

(216) 861-7200 (p)

(216) 861-4672 (f)

True Owner Augustine Jokic

29166 Chardon Rd

Wickliffe, OH 44092

(440) 944-7170 (p)

Sales Company Hanna Commercial Real Estate

1350 Euclid Ave

Cleveland, OH 44115

(216) 861-7200 (p)

(216) 861-4672 (f)

Recorded Owner Augustine Jokic

29166 Chardon Rd

Wickliffe, OH 44092

(440) 944-7170 (p)

BUILDING NOTES

Corener location with great visibility and traffic counts for retail establishment.

SALE HIGHLIGHTS

• 67 Parking Spaces

• Curb Cuts on Euclid Ave and Lincoln Rd

• Great Corner Lot with High Visibility

• Close Proximity to Route 2 and I-90


Page 20

10/1/2021



BUILDING

Type 1 Star Retail Storefront Retail/Resi-dential

Tenancy Multi

Year Built 1916

GLA 5,030 SF

Stories 2


Docks None


LAND

Land Acres 0.35 AC

Zoning LB

Parcel 29-B-007-C-00-003

EXPENSES

Taxes $0.73/SF (2020)

SALE

For Sale $235,000 ($46.72/SF)

Cap Rate 9.60%



Last Sale

Sold Price $375,500 ($74.65/SF)

Date Jun 2021

TRAFFIC & FRONTAGE

Traffic Volume 3,412 on Rockefeller Rd & Laurel Ln SE (2017)

13,791 on Euclid Ave & E 293rd St SW (2020)



TRANSPORTATION





Page 21

10/1/2021



PROPERTY CONTACTS

Primary Leasing Company Helen I Vespe

29526 Euclid Ave

Wickliffe, OH 44092

(440) 943-2459 (p)

Recorded Owner Sal Real Estate Llc

2537 Windy Hill Dr

Pepper Pike, OH 44124

Sales Company Berkshire Hathaway Professional Realty

7466 Auburn Rd

Concord Twp, OH 44077

(440) 296-5006 (f)

Previous True Owner Helen I Vespe

29526 Euclid Ave

Wickliffe, OH 44092

(440) 943-2459 (p)

SALE HIGHLIGHTS

• Brick Building, maintained

• Located on bus route

• Vacant land for expansion


Page 22

10/1/2021


29526 Euclid AveWickliffe, OH 44092 - Wickliffe Submarket

BUILDING

Type 2 Star Apartments

Year Built 1909

GBA 5,500 SF

Stories 3

Metering Individually Metered


Rent Type Market/Affordable

Market Segment All

LAND

Zoning Other Commercial

Parcel 29-B-007-C-00-004

SPACE FEATURES

• Basement

SALE

For Sale $250,000

Cap Rate 10.40%



TRANSPORTATION



PROPERTY CONTACTS

Sales Company Berkshire Hathaway Professional Realty

7466 Auburn Rd

Concord Twp, OH 44077

(440) 296-5006 (f)

SALE HIGHLIGHTS

• Brick Building, maintained

• Parking Lot

• Room to expand


Page 23

10/1/2021


29553-29707 Euclid Ave - Wickliffe Town CenterWickliffe, OH 44092 - Northeast Submarket

LAND

Type 2 Star Commercial Land

Land AC - Gross 10.81 AC

Land SF - Gross 470,884 SF

Topography Level

ZONING & USAGE

Zoning General Commercial

Proposed Use Apartment Units, Apartment Units - Senior, Bank, Cemetery/Mau-

CURRENT CONDITION

Infrastructure Cable, Curb/Gutter/Sidewalk, Elec-tricity, Gas, Irrigation, Sewer, Streets,

TRAFFIC & FRONTAGE

Traffic Volume 736 on Mount Carmel Dr & Euclid Ave NW (2018)

13,791 on Euclid Ave & E 293rd St SW (2020)

Frontage Euclid Ave


TRANSPORTATION



SALE



Status Active

PROPERTY CONTACTS

Sales Company Passov Real Estate Group

3401 Richmond Rd

Beachwood, OH 44122

(216) 831-8100 (p)

Recorded Owner Wickliffe Reserve Llc

PO BOX 1007

Chardon, OH 44024

True Owner Wickliffe Reserve Llc

PO BOX 1007

Chardon, OH 44024


Page 24

10/1/2021



BUILDING

Type 3 Star Retail

Tenancy Multi

Year Built 1954

GLA 3,564 SF

Stories 1


LAND

Parcel 29-B-003-D-00-006

EXPENSES

Taxes $1.77/SF (2020)

SALE



Status Active

TRAFFIC & FRONTAGE

Traffic Volume 12,590 on Euclid Ave & E 300th St NE (2020)

76,349 on Lakeland Fwy & Worden Rd SW (2020)


TRANSPORTATION



PROPERTY CONTACTS

Sales Company Passov Real Estate Group

3401 Richmond Rd

Beachwood, OH 44122

(216) 831-8100 (p)

True Owner Rosalinda Fini

4461 Ammon Rd

Cleveland, OH 44143

(216) 381-8132 (p)


Page 25

10/1/2021



BUILDING

Type 3 Star Industrial Warehouse

Tenancy Single

Year Built 1970

RBA 83,512 SF

Stories 1


Ceiling Ht 14'6"


LAND

Land Acres 5.77 AC

Zoning I

EXPENSES

Taxes $1.32/SF (2020)

PARCEL LOADING

Docks 3 ext

Cranes None


Rail Spots None

SALE



Status Active

TRANSPORTATION




TENANTSProgressive Insurance -


Page 26

10/1/2021



PROPERTY CONTACTS

Sales Company Progressive

5920 Landerbrook Dr


(440) 461-5000 (p)

(440) 603-7030 (f)

Recorded Owner Progressive Direct Ins Co

89429 Po Box

Cleveland, OH 44101

(800) 776-4737 (p)

True Owner The Progressive Corporation

6300 Wilson Mills Rd

Mayfield Village, OH 44143

(855) 347-3939 (p)

(440) 446-7436 (f)

Property Manager Progressive

5920 Landerbrook Dr


(440) 461-5000 (p)

(440) 603-7030 (f)

SALE HIGHLIGHTS

• Highway visible signage

• Excellent highway access

• Well maintained building / move in ready


Property Summary Report

Documents