4350 Renaissance - Lease Rate $8.50/SF MG

4350 Renaissance Warrensville Heights Commercial Real Estate -
Docks - 4350 Renaissance Warrensville Heights 41.4417605,-81.4928531
Aerial - 4350 Renaissance Warrensville Heights 41.4417605,-81.4928531
front - 4350 Renaissance Warrensville Heights 41.4417605,-81.4928531
 

Property Specifications


 Lease Rate $8.50/SF MG
 City:Warrensville Heights
 Property Name:Parkway Business Plaza II
 Submarket:Southeast
 Property Size:51,759 SF
 Year Built:1988
 Ceiling Height:16 ft.
 Parking: 300 Surface Spaces
 Available Area:Suite 3- 2,900 SF; Suite 5- 7,313 SF;
 Taxes:$1.71
 CAM$1.14
 Operating Expenses:$3.29
 Sprinkler Description:WET

Property Description


LOCATED IN AN OPPORTUNITY ZONE. Minutes from Pinecrest (Cleveland's newest Whole Foods anchored mixed-use district), Eaton's HQ, Cuyahoga Community College, University Hospitals Ahuja Medical Center, Harvard Park, and more. Over 350 feet of frontage on I-271 with a traffic count of more than 130,000 cars on a daily basis. The building sits just north of the fourway interchange of I-271 and I-480/SR-422, allowing access to the north, south, east, and west.

Property Amenities


Below-market rents, vacant square footage, and percentage rent through the billboard provides strong upside potential. Overall vacancy rates for warehouse/flex is 6.5%. The market is stable and at its lowest since NGKF has been tracking industrial/flex statistics. Six tenants occupy 86.61% of the building, averaging 7,881 square feet. Suites range from 2,900 square feet up to 14,888 square feet.

Offering Highlights


Close to Pinecrest, multiple restaurants and freeway access.

Property Document List


Floor Drawing
Property Website
Drone Video
Flyer
Site Plan 1

Contact Information

Terry Coyne
Vice Chairman
Newmark Grubb Knight Frank
1350 Euclid Avenue
Cleveland, OH 44115
(216) 453-3001