Sam Everson of JLL is pleased to announce the successful sale of 7405 Industrial Parkway Drive, Lorain, a premier IOS & industrial property on the west side of Cleveland.
The property contains a 9,300 SF clear-span warehouse that sits on 2.45-acres of land. The property sold for $830,000, or $89.25/SF, a high water-market for the Lorain industrial market. The property sold from Roc’s TNT to an out-of-state investor who plans to lease the property to a large equipment rental company. Sam Everson, industrial real estate advisor at JLL, represented the seller in the transaction.
The 2.45-acre property features one standalone 9,300 SF warehouse/shop building built in 1996, containing 5 drive-in doors with 14′ and 16′ heights, 2 offices with separate restrooms, 18′ to 20′ clear ceiling heights, and a large fenced & gated outdoor storage yard in the rear. Additionally, the property is zoned I-2 Heavy Industrial, the highest industrial zoning classification in the city of Lorain. Located off Baumhart Road, the site offers quick truck access to Route 2/I-90, and is a short drive to I-80, allowing for easy connectivity to the rest of Lorain County, Cuyahoga County and the greater Northeast Ohio region.
This transaction showcases the continued demand for industrial properties in Greater Cleveland, particularly one’s with ample outdoor storage and yard space. Additionally, the west side of Cleveland continues to see increased pricing for small-bay industrial properties under 25k SF.
Sam Everson specializes in industrial, warehouse, flex/R&D, and manufacturing real estate across Greater Cleveland and Northeast Ohio.
Sam Everson | Industrial Advisor | JLL | (440) 503-1150 | Samuel.Everson@jll.com
Cleveland Industrial Real Estate 
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