7711 E Pleasant Valley Rd 670,702 SF 100% Leased Industrial Building Independence, OH 44131 $69,779,998 CAD ($104.04 CAD/SF)
INVESTMENT HIGHLIGHTS
- 7711 E Pleasant Valley Road is a 670,702 SF industrial building with over 500,000 SF of warehouse space and close to 100,000 SF of office space.
- Equipped with over 200 allocated parking spaces on-site providing excellent commuter convenience.
- Building features are perfect for high-volume operations, with 18 shipping bays, 29 docks, five drive-ins, & a ceiling height ranging from 18-45 feet.
- Situated in a premier Independence, Ohio suburban location with immediate access to Interstate 77 and proximate to community amenities.
EXECUTIVE SUMMARY
7711 E Pleasant Valley Road offers the unique opportunity to acquire an incredibly sizable industrial building with excellent highway connectivity and desirable specs in a park-like setting. This 670,702-square-foot warehouse, formerly Kichler Lighting's corporate headquarters for over 30 years, contains over 500,000 square feet of warehouse space and close to 100,000 square feet of office space. The estimated operating expenses for the building are $2 per square foot.
The property boasts an efficient layout, 480-volt 3-Phase power supply, and is fully outfitted for high-volume operations with an 18 to 45-foot clear height, 18 shipping bays, 29 docks, and five drive-ins, ideal space for a call center or operations center. New ownership can occupy up to 189,021 square feet. Tenants have access to the building's cafeteria, which serves breakfast and lunch and will also cater events, a fitness center, a private courtyard area, and over 200 allocated parking spaces.
Located in a coveted southern suburban location, 7711 E Pleasant Valley Road offers superior freeway access and convenience to surrounding neighborhood amenities. The property is minutes from Interstate 77, providing a seamless connection to Downtown Cleveland, Interstate 80, and beyond. 7711 E Pleasant Valley Road is primed to offer an ideal investment opportunity.
The property boasts an efficient layout, 480-volt 3-Phase power supply, and is fully outfitted for high-volume operations with an 18 to 45-foot clear height, 18 shipping bays, 29 docks, and five drive-ins, ideal space for a call center or operations center. New ownership can occupy up to 189,021 square feet. Tenants have access to the building's cafeteria, which serves breakfast and lunch and will also cater events, a fitness center, a private courtyard area, and over 200 allocated parking spaces.
Located in a coveted southern suburban location, 7711 E Pleasant Valley Road offers superior freeway access and convenience to surrounding neighborhood amenities. The property is minutes from Interstate 77, providing a seamless connection to Downtown Cleveland, Interstate 80, and beyond. 7711 E Pleasant Valley Road is primed to offer an ideal investment opportunity.
PROPERTY FACTS
| Price | $69,779,998 CAD |
| Price Per SF | $104.04 CAD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Showroom |
| Building Class | B |
| Lot Size | 38.83 AC |
| Rentable Building Area | 670,702 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1974/2006 |
| Parking Ratio | 0.62/1,000 SF |
| Clear Ceiling Height | 45’ |
| No. Dock-High Doors/Loading | 29 |
| No. Drive In / Grade-Level Doors | 5 |
AMENITIES
- Courtyard
- Fitness Center
- Restaurant
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Exterior Windows surrounding courtyard close to 30,000 Sq of modernized office Furniture included Additional area of 20,000 SQ Ft interior space ; possible Showroom 4/7 Security guard monitored entrance Parking for over 100 cars Common Area Exercise facility; Lunch Room, Large boardroom/training with modular tables
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 20,000-50,000 SF | Industrial | - | 30 Days |
1st Floor
| Size |
| 20,000-50,000 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| 30 Days |
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Columbus
892,533
130
2 h 26 m
Indianapolis
867,125
308
5 h 45 m
Chicago
2,705,994
352
6 h 37 m
Philadelphia
1,584,138
420
7 h 50 m
New York
8,398,748
465
8 h 54 m
Charlotte
872,498
504
9 h 25 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
689,898
Total Labor Force
342,334
Unemployment Rate
4.40%
Median Household Income
$56,342
Warehouse Employees
59,455
High School Education Or Higher
90.40%
$ values in USD
PROPERTY TAXES
| Parcel Number | 564-08-001 | Improvements Assessment | $5,204,458 CAD |
| Land Assessment | $1,700,993 CAD | Total Assessment | $6,905,451 CAD |
ZONING
| Zoning Code | U-5A (Light Industrial) |
