560 Solon Road

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560 Solon Road

Bedford, OH
Asking Price
$3.30M
Asset Type
Industrial
Class
Class B

What's Special

560 Solon Road is located in the industrial corridor of Bedford, Ohio, approximately 15 miles southeast of downtown Cleveland. The surrounding neighborhood is characterized by a high density of manufacturing and distribution facilities, providing a robust corporate environment. The property offers logistical advantages via immediate access to State Route 14 and close proximity to major regional arteries, including Interstate 480 and Interstate 271. Local amenities include various dining and retail options along the nearby Rockside Road and Broadway Avenue commercial strips. This industrial asset is suited for light manufacturing, specialized fabrication, or regional warehousing and distribution. The property features support heavy power requirements and flexible floor plates, making it an ideal fit for established businesses in the aerospace, automotive, or industrial supply sectors. Typical tenants include owner-occupiers or national firms seeking a strategic footprint within the Northeast Ohio manufacturing belt. Local zoning allows for diverse industrial applications, catering to companies that prioritize efficient transportation links and a skilled labor pool.

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NOI
$80,000
Cap Rate
2.42%
DSCR
0.41
Underwater
Cash-on-Cash
-11.71%
Monthly Payment
$16,326.599
Annual Cash Flow
$-115,919.193

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