15501 Industrial Pkwy. — Sale in Cleveland, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Cleveland, OH 44135
  • Size: 250,597 SF

Description

Newmark, as exclusive broker, is pleased to present 15501 Industrial Parkway, a 250,597 SF, manufacturing facility in Cleveland, Ohio. The Property is 100% leased to an established company with a presence across the U.S., providing immediate in-place income and operational stability for investors seeking durable cash flow. Positioned in a strategic industrial corridor on Cleveland’s west side, the Property benefits from established industrial parks and manufacturing facilities, supported by strong utility infrastructure including heavy power capacity suitable for intensive manufacturing operations. The submarket benefits from an established workforce drawn from surrounding residential neighborhoods and adjacent communities. Located neighboring Old Dominion Freight Line, Cleveland Hopkins International Airport, and the intersection of Interstate 71 and Interstate 480, this Property has exceptional connectivity to the regional interstate network, facilitating efficient access across the Cleveland metro and broader Ohio markets. The property is being offered without an asking price on an all-cash basis. Investors should base their offers on an “As Is, Where Is” condition of the property.

Market Context

This industrial in Cleveland, OH is listed for sale across 250,597 SF. It has been on the market for 54 days. Compare it against other industrial listings for sale in Cleveland, OH — view the full market.

As of Q1 2026, the Cleveland industrial market showed an 8.8% vacancy rate, and cap rates around 10.5%. Source: multiple brokerage reports, Q1 2026.

Industrial market FAQ

What is the typical cap rate for industrial in Cleveland?
About 10.5% as of Q1 2026, per multiple brokerage reports.
Is the Cleveland industrial market tightening or softening?
Vacancy is around 8.8% (Q1 2026).

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