Key Features

• Cranwood Parkway Portfolio
• Address: 4299-4346 Cranwood Parkway
• The Cranwood Parkway Portfolio presents a rare opportunity to acquire a cash-flowing, 145,588 square foot mixed-use Flex property in the heart of Warrensville Heights’ established industrial trade corridor. This portfolio comprises five well-maintained industrial buildings, featuring recent capital improvements including new roofs on Buildings 2 and 3, and a partial roof replacement on Building 1. Additionally, Buildings 4 and 5 benefit from a brand-new parking lot, enhancing both tenant appeal and long-term asset value.
• Strategically positioned near major transportation routes—including I-270, I-480, I-77, and just minutes from the transcontinental I-80—this location ensures exceptional regional accessibility. The majority of the rentable square footage is currently leased, with strong interest in the remaining available units. Tenancy is anchored by reputable, long-term occupants, most notably the U.S. Department of Veteran Affairs, which currently leases 10,000 square feet through 2031 and an additional 5,700 square feet through Q2 2027.
• Offering units that can be adapted to suit varying operational requirements, this asset is ideal for a diverse range of businesses. Current rents are below market, presenting a significant value-add opportunity to increase net operating income by aligning lease rates with prevailing market averages of $6.00 to $7.00 per square foot on a Triple Net basis.