4350 Renaissance Pkwy, Warrensville Heights, OH
Completed Deal - Sold
· 51,759 SF Available
Property Details
| Property Name | Parkway Business Plaza II |
| Submarket | Southeast |
| Year Built | 1988 |
| Ceiling Height | 16' |
| Parking | 300 |
| Available Area | Suite 3- 2,900 SF or Suite 5-7,313 SF |
| Taxes | $1.71 |
| CAM | $1.14 |
| Operating Expenses | $3.29 |
- 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.
- 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.