Investment Overview

Jones Lang LaSalle (“JLL”), as exclusive advisor to owner, is pleased to offer for sale the fee-simple interest in Strongsville Commerce Center, a 310,080 square foot industrial facility located in Strongsville, Ohio (the “Property” or the “Offering”). Delivered in Q4 2022, the Property is a brand new, Class-A distribution facility featuring the modern characteristics logistics users require including a 32’ clear height, a 130’ truck court, robust auto parking, and future trailer parking potential. Additionally, future ownership will have the opportunity to expand the Premises to the south by approximately 28,560 square feet, increasing the Property’s footprint to 338,640 square feet.

Strongsville Commerce Center is 82% leased to an automotive manufacturer and supplier tenant, Schaeffler Group, capitalizing on the Property’s proximity to six legacy automakers operating assembly facilities in Ohio. The lease is NNN and features annual rent escalations, which will allow future ownership to grow the in-place cash flow over the tenant’s 9.9 years of lease term remaining. Strongsville Commerce Center offers investors an opportunity to acquire a brand new, highly functional facility with a long-term in-place cash flow and the ability to immediately enhance yields through vacancy lease-up.

Investment Highlights

- Brand new, Class-A distribution facility with expansion potential

- 82% leased to one (1) automotive tenant on a 10-year lease

- Proximity to key transportation infrastructure

- Institutionally-owned industrial pocket

- Access to deep blue-collar labor pools in an amenity rich suburb