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Office & Industrial
Majestic Steel
Bedford Heights, OH
324,752 SqFt
Built in 1992
Core
Investment Highlights
- Absolute NNN lease with zero landlord responsibilities making this an ideal investment for both local and out-of-area investors
- +/- 11.6 years of firm lease term remaining with solid 1.25% annual rent escalations
- Mission critical production facility - constructed as Majestic Steel's flagship built-to-service center to distribute steel throughout America in 1992 and expanded in 2001 to account for their growing
- High commitment to the Asset as demonstrated by a 20-year lease with ten (10) five year options – providing themselves with the ability to maintain operations at the site for 70 years
- Financially sound and growing private company - experienced record revenues in 2020, 2021, and 2022, in addition to strategic acquisitions to grow its footprint in over the past three years
- Located 13 miles southeast of downtown Cleveland in a mature area that is entirely built out, with extremely limited land for new construction
- Near immediate access to the Interstate 271 and Interstate 480 interchange, offering further access in the area to several other interstate highways, providing an ideal location for distribution
Exclusively listed by
Broker of Record
Michael L. Glass
Senior Vice President / Division Manager
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