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Flats South Innovation District W. 3rd & Stones Levee CLEVELAND, OHIO Development Opportunity

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Page 1: Flats South Innovation District W. 3rd & Stones Levee · W. 3rd & Stones Levee Cleveland, Ohio 44113 Properties Available ADDRESS. SQUARE FOOT: LEASE RATE 401 Stones Levee: 36,352

Flats South Innovation DistrictW. 3rd & Stones Levee

CLEVELAND, OHIO

Development Opportunity

Page 2: Flats South Innovation District W. 3rd & Stones Levee · W. 3rd & Stones Levee Cleveland, Ohio 44113 Properties Available ADDRESS. SQUARE FOOT: LEASE RATE 401 Stones Levee: 36,352

Flats South Innovation District W. 3rd & Stones Levee Cleveland, Ohio 44113

Aerial Map

Property HighlightsSix (6) total properties in the Flats South Innovation District• Prime downtown location

• Fantastic highway access to I-77, I-90, I-480 and I-71

• Great views of the Cleveland skyline

• Quick access to Progressive Field and Quicken Loans Arena via walking path

• Excellent site conditions

• Prime high-end development location

Potential Mixed Use DevelopmentLocated in the Opportunity Zone

Page 3: Flats South Innovation District W. 3rd & Stones Levee · W. 3rd & Stones Levee Cleveland, Ohio 44113 Properties Available ADDRESS. SQUARE FOOT: LEASE RATE 401 Stones Levee: 36,352

Flats South Innovation District W. 3rd & Stones Levee Cleveland, Ohio 44113

Properties Available

ADDRESS SQUARE FOOT LEASE RATE

401 Stones Levee 36,352 SF LEASED

501 Stones Levee 19,455 SF $3.00 / NNN

601 Stones Levee 27,969 SF $3.00 / NNN

1900-1960 W. 3rd St. 2.27 Acres Land Dev.

1968 W. 3rd St. 7,764 SF $3.00 / NNN

1978 W. 3rd St. 22,769 SF $3.00 / NNN

1986 W. 3rd St. 16,815 SF $3.00 / NNN

Page 4: Flats South Innovation District W. 3rd & Stones Levee · W. 3rd & Stones Levee Cleveland, Ohio 44113 Properties Available ADDRESS. SQUARE FOOT: LEASE RATE 401 Stones Levee: 36,352

Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance 3 Summit Park Drive, Suite 200 Cleveland, Ohio 44131 Main 216.520.1200 Fax 216.520.1828crescorealestate.com

1986 W. 3rd Street14,335 SF (1,768 SF office/12,567 SF whse0.46 acres built in 195010’ - 18’ clear with one (1) dock; one (1) DID200A / 240V / 1P power40’ x 40’ column spacingOustide storage

1900-1960 W. 3rd Street2.27 acres for development

1978 W. 3rd Street22,769 SF (500 SF office/20,789 SF whse - 7,500 SF dropped ceiling12’ - 15’ clear with three (3) DID; one (1) dock200A / 240V / 1P power20’ x 40’; 19’ x 20’ column spacingShort-term leases accepted

1968 W. 3rd Street7,764 SF (2,528 SF office/5,236 SF whse)0.24 acres with two (2) DID19’ clear and built in 1955Abundant parking and clear spanOffice Renovations Underway

501 Stones Levee19,475 SF (1,890 SF office/ 17,585 SF whse)1.2 acres with 13’ clearOne (1) DID; Five (5) docks23’ x 24’ column spacingOutside storage/parkingReady to move in

601 Stones Levee21,037 SF warehouse/office 1st floor4,835 SF redevelopment office 2nd floorBuilt in 1916Up to nine (9) docks; one (1) DID12’ clear warehouse/16’ - 20’ clear officePossible renovation tax creditGood building construction quality

401 STONES LEVEEFULLY LEASED

6

Page 5: Flats South Innovation District W. 3rd & Stones Levee · W. 3rd & Stones Levee Cleveland, Ohio 44113 Properties Available ADDRESS. SQUARE FOOT: LEASE RATE 401 Stones Levee: 36,352

Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance 3 Summit Park Drive, Suite 200 Cleveland, Ohio 44131 Main 216.520.1200 Fax 216.520.1828crescorealestate.com

Rendering

Page 6: Flats South Innovation District W. 3rd & Stones Levee · W. 3rd & Stones Levee Cleveland, Ohio 44113 Properties Available ADDRESS. SQUARE FOOT: LEASE RATE 401 Stones Levee: 36,352

Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance 3 Summit Park Drive, Suite 200 Cleveland, Ohio 44131 Main 216.520.1200 Fax 216.520.1828crescorealestate.com

Property Highlights

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Rendering

Page 7: Flats South Innovation District W. 3rd & Stones Levee · W. 3rd & Stones Levee Cleveland, Ohio 44113 Properties Available ADDRESS. SQUARE FOOT: LEASE RATE 401 Stones Levee: 36,352

Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance 3 Summit Park Drive, Suite 200 Cleveland, Ohio 44131 Main 216.520.1200 Fax 216.520.1828crescorealestate.com

Site Plan-Phase I

Page 8: Flats South Innovation District W. 3rd & Stones Levee · W. 3rd & Stones Levee Cleveland, Ohio 44113 Properties Available ADDRESS. SQUARE FOOT: LEASE RATE 401 Stones Levee: 36,352

Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance 3 Summit Park Drive, Suite 200 Cleveland, Ohio 44131 Main 216.520.1200 Fax 216.520.1828crescorealestate.com

Site Plan-Phase II

Page 9: Flats South Innovation District W. 3rd & Stones Levee · W. 3rd & Stones Levee Cleveland, Ohio 44113 Properties Available ADDRESS. SQUARE FOOT: LEASE RATE 401 Stones Levee: 36,352

Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance 3 Summit Park Drive, Suite 200 Cleveland, Ohio 44131 Main 216.520.1200 Fax 216.520.1828crescorealestate.com

Site Plan-Phase III

Page 10: Flats South Innovation District W. 3rd & Stones Levee · W. 3rd & Stones Levee Cleveland, Ohio 44113 Properties Available ADDRESS. SQUARE FOOT: LEASE RATE 401 Stones Levee: 36,352

GEORGE J. POFOK, CCIM, SIORSenior Vice [email protected]

ELIOT KIJEWSKI, SIORSenior Vice [email protected]

RICO A. PIETRO, [email protected]

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

3 Summit Park Drive, Suite 200 Cleveland, Ohio 44131 Main 216.520.1200 • Fax 216.520.1828crescorealestate.com