property summary report - cityofwickliffe.com€¦ · property summary report 1 sale last sale:...

7/1/2020

28913-28921 Anderson Rd - Master GrindingWickliffe, OH 44092 - Wickliffe/Willowick Ind Submarket

Property Summary Report 1

BUILDINGType: Class C Industrial

Subtype: Manufacturing

Tenancy: Multiple

Year Built: 1950

RBA: 9,405 SF

Floors: 1

Typical Floor: 9,405 SF

Ceiling Ht: 12'-14'

Construction: Masonry

LANDLand Area: 0.41 AC

Zoning: I

Parcel 29-A-008-E-00-036

EXPENSES PER SFTaxes: $0.64 (2019)

LOADINGDocks: None Drive Ins: 5 tot./10'w x 10'h

Cross Docks: None Rail Spots: None

POWER & UTILITIESUtilities: Heating, Lighting - Fluorescent

LEASINGAvailable Spaces: 620 - 1,500 SF Available in 2 Spaces

Availability: 22.5% Available; 6.6% Vacant

Leasing Company:Cushman & Wakefield | CRESCO Real Estate

Contacts: Jason Griffith (216) 452-9292

AVAILABLE SPACES

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

P 1st 28913 Industrial Direct 620 620 620 $5.00/NNN Vacant NegotiableGreen Bridge Real Estate - Jason Griffith (216) 452-9292Unit 28913 is now available for Lease. A roughly 620 SF indsutrial flex unit with a shop bathroom and a drive in door. Please email or call to schedule a viewing today.

P 1st 28921 Industrial Direct 1,500/100 ofc 1,500 1,500 $5.00/NNN Aug 2020 NegotiableGreen Bridge Real Estate - Jason Griffith (216) 452-9292Unit 28921 becomes available on August 1. It is a 1500 SF industrial flex space with a shop bathroom, small office and a drive in door. Please email or call to schedule a viewing today.

Copyrighted report licensed to City of Wickliffe - 1114989.

7/1/2020

28913-28921 Anderson Rd - Master GrindingWickliffe, OH 44092 - Wickliffe/Willowick Ind Submarket


SALELast Sale: Sold on Jun 3, 2015 for $145,000 ($15.42/SF)

TRANSPORTATIONParking: 2 free Surface Spaces are available; Ratio of 0.21/1,000 SF

Airport: 40 minute drive to Cleveland Hopkins International Airport

KEY TENANTSEM Remodeling 1,800 SF Ed Jasckson Car Resale 1,620 SF

Natural Way 1,620 SF NNS 650 SF

PROPERTY CONTACTSTrue Owner: Beachland Rentals LLC Recorded Owner: Beachland Rentals LLC

Prior True Owner: Rose Marie Micale

MARKET CONDITIONS

Vacancy Rates Current YOY

Current Building 6.6% 9.4%

Submarket 1-2 Star 6.1% 0.2%

Market Overall 4.7% 0.6%

Asking Rents Per SF Current YOY

Current Building $5.00 42.9%

Submarket 1-2 Star $4.77 2.2%

Market Overall $5.09 3.2%

Submarket Leasing Activity Current YOY

12 Mo. Leased SF 138,170 66.4%

Months On Market 25.5 11.4 mo

Submarket Sales Activity Current YOY

12 Mo. Sales Volume (Mil.) $9.4 215.0%

12 Mo. Price Per SF $33 10.9%


7/1/2020

29111-29119 Anderson RdWickliffe, OH 44092 - Wickliffe/Willowick Ind Submarket




Tenancy: Multiple

Year Built: 1980

RBA: 14,000 SF

Floors: 1




Zoning: Industrial


PARCEL

29-A-008-K-00-004, 29-A-008-K-00-005, 29-a-008-k-00-006, 29-a-008-k-00-007

LOADINGDocks: 1 ext Cross Docks: None

Cranes: None Rail Spots: None

POWER & UTILITIESPower: 100a/100v

Utilities: Gas - Natural, Heating - Gas, Lighting - Fluorescent, Sewer - City, Water - County

LEASINGAvailable Spaces: 1,200 - 1,410 SF Available in 2 Spaces


Leasing Company:800 Frank Road Llc

Contacts: David Baas (614) 560-4182, Ed Albright

AVAILABLE SPACES


P 1st lower Office Direct 1,410 1,410 1,410 $5.32/NNN Vacant 3 - 10 Yrs800 Frank Road Llc - Ed AlbrightThe Office space is 1410 Sq foot, 1st floor office triple net, 2 restrooms and one with a shower, 4 private offices , a conference room and open areas for more flexible office space.

P 1st Industrial Direct 1,200 1,200 1,200 $8.00/NNN Vacant 3 - 10 Yrs800 Frank Road Llc - Ed Albright


7/1/2020

29111-29119 Anderson RdWickliffe, OH 44092 - Wickliffe/Willowick Ind Submarket


SALELast Sale: Sold on Feb 5, 2020 for $200,000 ($14.29/SF)



PROPERTY CONTACTSTrue Owner: Frank Berzin Recorded Owner: Frank Berzin

Recorded Owner: Wysocki-rhodes Properties Llc Property Manager: TFX, Inc.

MARKET CONDITIONS










12 Mo. Leased SF 138,170 66.4%






7/1/2020

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


BUILDINGType: Retail

Subtype: Freestanding

Tenancy: Multiple

Year Built: 1957

GLA: 16,000 SF

Floors: 1


Docks: None



Zoning: GB

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


AMENITIES

Freeway Visibility, Signalized Intersection


Availability: 100% Available; 100% Vacant

Leasing Company:Global Real Estate Advisors, Inc.

Contacts: Neil Sawicki (440) 255-5552 X221

AVAILABLE SPACES

Floor Use Type SF Avail Flr Contig Bldg Contig Rent Occupancy Term

P 1st Retail Direct 5,500 16,000 16,000 $5.00/NNN Vacant NegotiableGlobal Real Estate Advisors, Inc. - Neil Sawicki (440) 255-5552 X221

P 1st Off/Ret Direct 1,500 16,000 16,000 $5.00/NNN Vacant NegotiableGlobal Real Estate Advisors, Inc. - Neil Sawicki (440) 255-5552 X221

P 1st Retail Direct 9,000 16,000 16,000 $5.00/NNN Vacant NegotiableGlobal Real Estate Advisors, Inc. - Neil Sawicki (440) 255-5552 X221

SALEFor Sale: $495,000 ($30.94/SF) - Active

Sale Company: Global Real Estate Advisors, Inc.

Contacts: Neil Sawicki (440) 255-5552 X221

Last Sale: Sold on Nov 10, 2004 for $500,000 ($31.25/SF)


7/1/2020

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


TRAFFIC & FRONTAGE

Made with TrafficMetrix® Products

Traffic Volume: 8,096 on Euclid Ave & E 291st St (2018)

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

Frontage: 211' on Euclid Ave

250' on W 290th Street



Walk Score ®: Car-Dependent (48)

Transit Score ®: Minimal Transit (0)

PROPERTY CONTACTSRecorded Owner: Wilmington Svgs Fund So 2017-2 Prior True Owner: Charles A. Bakula

MARKET CONDITIONS


Current Building 100% 0.0%



NNN Asking Rents Per SF Current YOY





12 Mo. Leased SF 464,887 27.6%





BUILDING NOTES

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


7/1/2020

29023-29029 Euclid AveWickliffe, OH 44092 - Northeast Submarket


BUILDINGType: Class C Office

Tenancy: Multiple

Year Built: 1908

RBA: 6,000 SF

Floors: 1




Zoning: GB

Parcel 29-A-008-E-00-004


Opex: $0.65 (2013-Est)

LEASINGAvailable Spaces: 570 - 609 SF Available in 2 Spaces


Leasing Company:Ns Management Group Llc

Contacts: Alex Krokos (216) 208-5754

AVAILABLE SPACES


P 1st 29023 Office Direct 609 609 609 $13.80/MG Vacant 1 - 3 YrsNs Management Group Llc - Alex Krokos (216) 208-5754A great value upstairs unit perfect to make one's own. Stairs lead to great open space with two partitioned offices that can fit one to two people. Most Outside the offices are tile floors and carpeted platforms. This space can be customizable to fit any need, from call center to studio.

P 1st 29027 Office Direct 570 570 570 $10.56/MG Vacant 1 - 3 YrsNs Management Group Llc - Alex Krokos (216) 208-5754Great space for multiple employees. Front room on the ground floor is fitted with brand new carpet and great natural light. Space comes with ample storage space and private restroom.

SALELast Sale: Sold on Feb 10, 2016 for $128,000 ($21.33/SF)

TRANSPORTATIONParking: 6 Surface Spaces are available; Ratio of 1.33/1,000 SF




7/1/2020



KEY TENANTSBright Eyed Moving 3,000 SF Pierson Kozsey Group 1,500 SF

Studio 23 Group 1,500 SF

PROPERTY CONTACTSTrue Owner: Bright Eyed Moving Recorded Owner: Lake Enterprise Group LLC

Prior True Owner: Lapuma Michelle

MARKET CONDITIONS




Market Overall 6.8% -1.2%

Gross Asking Rents Per SF Current YOY




12 Mo. Leased SF 108,408 30.5%






7/1/2020




Subtype: Storefront Retail/O…

Tenancy: Multiple

Year Built: 1964

GLA: 27,653 SF

Floors: 1


Docks: 1 ext



Zoning: Commercial

Parcel 29-A-004-E-00-001

EXPENSES PER SFTaxes: $0.64 (2011-Est)

Opex: $2.11 (2011-Est)

Total Expenses: $2.75 (2011-Est)

KEY TENANTSDollar General 7,925 SF Cash Smart 4,374 SF

Titan Tax 2,900 SF The Blue Space 2,800 SF

Glam 500 SF Marlene's Bakers Supply 500 SF

AMENITIES

Pylon Sign, Signage, Signalized Intersection

LEASINGAvailable Spaces: 1,280 SF Available in 1 Space


Leasing Company:Arnold Trust & Realty

Contacts: Herbert Arnold (858) 450-0140, Sandy Grubiss (216) 292-5540

AVAILABLE SPACES


P 1st 29239 Retail Direct 1,280 1,280 1,280 $5.00/MG Vacant NegotiableArnold Trust & Realty - Sandy Grubiss (216) 292-5540Immediate Occupancy Available. End Cap.


7/1/2020



TRAFFIC & FRONTAGE


Traffic Volume: 10,521 on Euclid Ave & E 293rd St (2018)

8,819 on Lloyd Rd & Euclid Ave (2018)

Frontage: 135' on 293rd St

244' on Euclid Ave

128' on Lloyd Rd



Walk Score ®: Somewhat Walkable (52)


PROPERTY CONTACTSTrue Owner: Arnold Trust & Realty Recorded Owner: Arnold Realty Llc

Property Manager: Arnold Trust & Realty

MARKET CONDITIONS









12 Mo. Leased SF 464,887 27.6%






7/1/2020

29801 Euclid AveWickliffe, OH 44092 - Northeast Submarket


BUILDINGType: Class C Office

Tenancy: Single

Year Built: 1964

RBA: 200,000 SF

Floors: 4




Zoning: I

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



Availability: 80.0% Available; 0% Vacant

Leasing Company:Colliers International

Contacts: Timothy J. Breckner (216) 239-5119, Conor Toomey (216) 239-5064

AVAILABLE SPACES


E 1st Industrial Direct 40,000 40,000 160,000 Withheld 30 Days NegotiableColliers International - Timothy J. Breckner (216) 239-5119, Conor Toomey (216) 239-5064

E 2nd Industrial Direct 40,000 40,000 160,000 Withheld 30 Days NegotiableColliers International - Timothy J. Breckner (216) 239-5119, Conor Toomey (216) 239-5064

E 3rd Industrial Direct 40,000 40,000 160,000 Withheld 30 Days NegotiableColliers International - Timothy J. Breckner (216) 239-5119, Conor Toomey (216) 239-5064

E 4th Industrial Direct 40,000 40,000 160,000 Withheld 30 Days NegotiableColliers International - Timothy J. Breckner (216) 239-5119, Conor Toomey (216) 239-5064

SALELast Sale: Portfolio of 2 Properties in Wickliffe, OH Sold on May 4, 2020 for $1,837,500 ($3.79/SF)






7/1/2020

29801 Euclid AveWickliffe, OH 44092 - Northeast Submarket


PROPERTY CONTACTSTrue Owner: Premier Commercial Realty Recorded Owner: 29801 Euclid Ave LLC

Prior True Owner: Townsend Capital LLC Property Manager: ABB Inc.

MARKET CONDITIONS




Market Overall 6.8% -1.2%

Gross Asking Rents Per SF Current YOY




12 Mo. Leased SF 108,408 30.5%






7/1/2020

30150-30250 Euclid Ave - Town SquareWickliffe, OH 44092 - Northeast Submarket



Subtype: Freestanding

Center Type: Community Center

Tenancy: Multiple

Year Built: 1972

GLA: 128,180 SF

Floors: 1


Docks: 2 ext



Parcel 29-B-003-M-05-015

EXPENSES PER SFOpex: $2.29 (2008)

KEY TENANTS⚫ Gabe's 65,130 SF ⚫ Dollar Tree 11,000 SF

Fitness 19 3,000 SF Nationwide 1,000 SF

Antique & Unique 500 SF T-N-T Tanning Salon 500 SF⚫ Anchor

AMENITIES

Pylon Sign, Signage, Signalized Intersection

LEASINGAvailable Spaces: 861 - 10,000 SF Available in 5 Spaces


Leasing Company:Spigel Properties

Contacts: David R. Weil (210) 349-3636 X116

AVAILABLE SPACES


P 1st Retail Direct 1,875 1,875 1,875 Withheld Vacant 3 - 5 YrsSpigel Properties - David R. Weil (210) 349-3636 X116

P 1st 30150A Retail Direct 10,000 10,000 10,000 Withheld 30 Days 3 - 5 YrsSpigel Properties - David R. Weil (210) 349-3636 X116


7/1/2020

30150-30250 Euclid Ave - Town SquareWickliffe, OH 44092 - Northeast Submarket


AVAILABLE SPACES


P 1st 30150B Retail Direct 861 861 861 Withheld Vacant 3 - 5 YrsSpigel Properties - David R. Weil (210) 349-3636 X116

P 1st 30182 Retail Direct 1,425 1,425 1,425 Withheld Vacant 3 - 5 YrsSpigel Properties - David R. Weil (210) 349-3636 X116

P 1st 30184 Retail Direct 2,325 2,325 2,325 Withheld 30 Days 3 - 5 YrsSpigel Properties - David R. Weil (210) 349-3636 X116

SALELast Sale: Sold on Jun 27, 2011 for $3,000,000 ($23.40/SF)

TRAFFIC & FRONTAGE


Traffic Volume: 13,162 on Euclid Ave & Arbor St (2018)

15,747 on Euclid Ave & E 300th St (2018)

Frontage: 165' on Drenik Dr

718' on Euclid Ave

TRANSPORTATIONParking: 631 Surface Spaces are available; Ratio of 4.92/1,000 SF




PROPERTY CONTACTSTrue Owner: Spigel Properties Recorded Owner: Donaldson Properties Ltd

Prior True Owner: Kimco Realty Corporation Property Manager: Spigel Properties

MARKET CONDITIONS










12 Mo. Leased SF 464,887 27.6%





BUILDING NOTES

Town Square is located in a prominent position along Euclid Ave. in Wickliffe, Ohio. Physical structures include one multi-tenant building and two outlot buildings (the ATM and New Wong restaurant). Town Square, anchored by Gabriel Brothers, also features Big Lots, Dollar General and Dollar Tree.


7/1/2020

30010-30012 Lakeland BlvdWickliffe, OH 44092 - Wickliffe/Willowick Ind Submarket


BUILDINGType: Class B Industrial


Year Built: 1955

RBA: 27,883 SF

Floors: 1


Ceiling Ht: 11'-18'



Zoning: I


PARCEL

29-A-001-L-00-012, 29-A-001-L-00-013

LOADINGDocks: 2 ext Drive Ins: 2 tot.

Cross Docks: None Cranes: 2/5.00-10.00 tons

Rail Spots: None

POWER & UTILITIESPower: 800a/220v 3p Heavy

Utilities: Gas - Natural, Heating - Gas, Lighting - Fluorescent, Sewer - City, Water - City



Leasing Company:Green Bridge Real Estate

Contacts: John Wagner (216) 452-9292 X2

AVAILABLE SPACES


E 1st Industrial Direct 27,883/2,500 ofc 27,883 27,883 $3.50/MG Vacant NegotiableGreen Bridge Real Estate - John Wagner (216) 452-9292 X2


7/1/2020

30010-30012 Lakeland BlvdWickliffe, OH 44092 - Wickliffe/Willowick Ind Submarket



Sale Company: Green Bridge Real Estate

Contacts: John Wagner (216) 452-9292 X2



PROPERTY CONTACTSTrue Owner: Mahr Machine Rebuilding, Inc. Recorded Owner: Execumahr LLC

MARKET CONDITIONS










12 Mo. Leased SF 138,170 66.4%





BUILDING NOTES

Plenty of parking.


7/1/2020

1331-1341 Lloyd RdWickliffe, OH 44092 - Wickliffe/Willowick Ind Submarket



Year Built: 1900

RBA: 274,312 SF

Floors: 1


Columns: 20'w x 40'd

LANDZoning: Commercial

Parcel 29-A-004-G-00-024


Cross Docks: None

POWER & UTILITIESPower: 600a/480v 3p


Availability: 3.7% Available; 0% Vacant

Leasing Company:CBRE

Contacts: Fred J. Herrera (216) 363-6408, Jenna Gauntner (216) 363-6450

AVAILABLE SPACES


E 1st Industrial Direct 10,245/2,700 ofc 10,245 10,245 $4.50/NNN 30 Days NegotiableCBRE - Fred J. Herrera (216) 363-6408, Jenna Gauntner (216) 363-6450

TRANSPORTATIONAirport: 40 minute drive to Cleveland Hopkins International Airport

PROPERTY CONTACTSTrue Owner: Hawthorne Capital


7/1/2020

1331-1341 Lloyd RdWickliffe, OH 44092 - Wickliffe/Willowick Ind Submarket


MARKET CONDITIONS






Current Building $4.50




12 Mo. Leased SF 138,170 66.4%






7/1/2020

1410 Lloyd RdWickliffe, OH 44092 - Wickliffe/Willowick Ind Submarket


BUILDINGType: Class C Flex

Subtype: Light Manufacturing

Tenancy: Multiple

Year Built: 1979

RBA: 5,250 SF

Floors: 1


Ceiling Ht: 12'8"


Zoning: CM,Comm Manuf

Parcel 29-A-008-D-00-019



Cross Docks: None Cranes: None

Rail Spots: None

POWER & UTILITIESPower: 200a/240v 3p

Utilities: Gas - Natural, Heating - Gas, Sewer - City, Water - City



Leasing Company:Hanna Commercial Real Estate

Contacts: David Stover (216) 839-2012

AVAILABLE SPACES


P 1st Flex Direct 5,250/3,005 ofc 5,250 5,250 $6.50/N 30 Days NegotiableHanna Commercial Real Estate - David Stover (216) 839-20123,00r SF Office Area 2,245 SF Warehouse Area Two 10' x 10' Drive-in Doors 13' clear height 240V / 200Amp/3-Phase Power


7/1/2020

1410 Lloyd RdWickliffe, OH 44092 - Wickliffe/Willowick Ind Submarket



Sale Company: Hanna Commercial Real Estate

Contacts: David Stover (216) 839-2012

Last Sale: Sold on Dec 15, 2011 for $260,000 ($49.52/SF)





PROPERTY CONTACTSTrue Owner: Dominic R Mazzolini Recorded Owner: Mazzolini Properties LLC

Prior True Owner: Lapis Business Solutions

MARKET CONDITIONS






Current Building $6.50




12 Mo. Leased SF 138,170 66.4%

Months On Market 1.3




BUILDING NOTES

This freestanding masonry building has a high traffic count, and is easily accssible to Route 2 and I-90.


7/1/2020

1350 Rockefeller RdWickliffe, OH 44092 - Wickliffe/Willowick Ind Submarket




Tenancy: Multiple

Year Built: 1961

RBA: 106,000 SF

Floors: 1


Ceiling Ht: 22'-24'

Columns: 20'w x 40'd



Zoning: I

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


LOADINGDocks: 2 int/6 ext Drive Ins: 3 tot./18'w x 18'h

Cross Docks: None Cranes: None

Rail Spots: None



Leasing Company:CBRE

Contacts: Fred J. Herrera (216) 363-6408, Jenna Gauntner (216) 363-6450

AVAILABLE SPACES


P 1st Industrial Direct 106,000 106,000 106,000 $4.90/MG Vacant NegotiableCBRE - Fred J. Herrera (216) 363-6408, Jenna Gauntner (216) 363-6450

SALEFor Sale: $3,900,000 ($36.79/SF) - Active

Sale Company: CBRE

Contacts: Fred Herrera (216) 363-6408, Jenna Gauntner (216) 363-6450

Last Sale: Sold on Sep 19, 2012 for $650,000 ($6.13/SF)


7/1/2020

1350 Rockefeller RdWickliffe, OH 44092 - Wickliffe/Willowick Ind Submarket




KEY TENANTSKinetic Technologies 112,000 SF

PROPERTY CONTACTSTrue Owner: Cig Oh Wh Llc Recorded Owner: Cig Oh Wh Llc

Prior True Owner: Premier Development Partners

MARKET CONDITIONS










12 Mo. Leased SF 138,170 66.4%






7/1/2020

1400 Worden Rd - ABB Business CampusWickliffe, OH 44092 - Wickliffe/Willowick Ind Submarket


BUILDINGType: Class A Industrial

Subtype: Warehouse

Tenancy: Multiple

Year Built: 1955; Renov 1981

RBA: 285,312 SF

Floors: 3


Ceiling Ht: 14'-18'



Zoning: I


PARCEL

29-A-003-0-00-005, 29-A-003-A-00-016, 29-A-003-A-00-017, 29-A-003-A-00-036

LOADINGDocks: 6 ext Drive Ins: 1 tot./10'w x 12'h

Cross Docks: None Cranes: Yes

Rail Spots: Yes Rail Line: CSX

POWER & UTILITIESPower: 3p

FEATURES

24 Hour Access, Security System



Leasing Company:Colliers International

Contacts: Timothy J. Breckner (216) 239-5119, Bill Stevens (216) 239-5068

AVAILABLE SPACES


P 1st Industrial Direct 180,000 215,104 285,312 Withheld Vacant NegotiableColliers International - Timothy J. Breckner (216) 239-5119, Bill Stevens (216) 239-5068


7/1/2020

1400 Worden Rd - ABB Business CampusWickliffe, OH 44092 - Wickliffe/Willowick Ind Submarket


AVAILABLE SPACES


P 1st Office Direct 35,104 215,104 285,312 Withheld Vacant NegotiableColliers International - Timothy J. Breckner (216) 239-5119, Bill Stevens (216) 239-5068

P 2nd Office Direct 35,104 35,104 285,312 Withheld Vacant NegotiableColliers International - Timothy J. Breckner (216) 239-5119, Bill Stevens (216) 239-5068

P 3rd Office Direct 35,104 35,104 285,312 Withheld Vacant NegotiableColliers International - Timothy J. Breckner (216) 239-5119, Bill Stevens (216) 239-5068

SALELast Sale: Portfolio of 2 Properties in Wickliffe, OH Sold on May 4, 2020 for $1,837,500 ($3.79/SF)



PROPERTY CONTACTSTrue Owner: Premier Commercial Realty Recorded Owner: 29801 Euclid Ave LLC

Prior True Owner: New Age Logistics

MARKET CONDITIONS



Submarket 3-5 Star 12.3% -0.2%






12 Mo. Leased SF 138,170 66.4%





BUILDING NOTES

Card key access security system, guard on duty 24-7, and surveillance cameras.


property summary report - cityofwickliffe.com€¦ · property summary report 1 sale last sale:...

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