Sam Everson of JLL is pleased to announce the successful sale of 4900 Train Ave, a 24,322 SF industrial property in Cleveland, Ohio.
The property was previously owned by JFL Enterprises, a designer, manufacturer and distributor of various consumer & retail products. The property sold for $690,000, or $28.37/SF, and was acquired by Prime Instruments, a Cleveland-based OEM supplier of panel meters, gauges, fuel senders and related accessories. JFL Enterprises is finishing construction on their brand new 50K SF facility in Avon, OH.
The property included 2 parcels totaling 0.9 acres, and the building had 3 loading docks, 1 drive-in door, 10′ to 15′ ceiling heights, warehouse space above and below grade, two-story office space, masonry construction, and was originally built in 1947.
Located minutes from downtown Cleveland on Train Ave, the property provides easy access to I-90 and the rest of Northeast Ohio.
Sam Everson and Don Bain Jr., industrial real estate advisors at JLL, represented the seller in the transaction.
Sam Everson | Industrial Advisor | JLL | (440) 503-1150 | Samuel.Everson@jll.com
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