950 Lake Road, Medina OH 44256

Lease Terms:

Office & Manufacturing/Warehouse: $3.25/SF NN + $1.15/SF CAM; Crane Bay: $6.00/SF NN + $1.15/SF CAM

Description

Property Description:   950 Lake Road is a 93,436 +/- sf manufacturing, warehouse, crane and office building for sale or lease on 19.96 acres with 600'  of frontage on Lake Road and a depth of 1,449' . There is approximately 14,960 SF of office space, 33,930 SF of manufacturing space with 18-20' ceiling clears, 31,436 SF of warehouse space with 18' ceiling clears and access to two docks.  It also has a massive 13,110 SF crane bay with 43' ceiling clears.  It includes a 20' & 40' ton cranes with 39' under hook.

Location Description:   950 Lake Road is located south of Lafayette Road (US-42) on the east side of Lake Road in the City of Medina Industrial Park, Medina County, Northeast Ohio. Property has 600’ of frontage on Lake Road and a depth of 1,449’. The topography is flat and a survey is available. Both I-76 and I-71 are approximately seven miles from the property.

Additional Info

Within City Limits:
Yes
Ceiling Clear:
18 ft to 43 ft
Construction Type:
Masonry and Steel
Distance from Nearest Interstate:
7 Miles to I-71 at SR-18 interchange
Former Use:
Manufacturing and Warehouse
Primary Building Type:
Office and Manufacturing
Zoning:
I-1 Industrial

Property Location

Specifications

Status:
For Lease, For Sale
Sale Price:
$ 2,495,000.00
Lease Rate:
$1,180.83/mo
Lease Max:
$28,310.00/mo
Property Type:
Industrial, Office, Investment
Locality:
Medina Industrial Park
Year:
1963
Sq. Feet:
93,436.00
Acreage:
19.96
City:
Medina
Corner Property:
No
Primary Building Type:
Office and Manufacturing
  • James Gerspacher, JD, CCIM

    Real Estate Agent & Consultant
    Jim@GerspacherGroup.com
    Office: 
    330.722.5002
    Mobile: 
    330.472.4241
    Fax: 
    330.723.6330

    View James' Properties

    James Gerspacher has been a real estate broker since 1971 when he returned from the Army and established the Gerspacher Realty Co. He continued in local and national residential real estate until 1993 when he moved to the commercial real estate venue and founded James Gerspacher Real Estate, Inc. Jim was president of this very successful company until selling it to his nephew in 2007. Still active as an agent for Gerspacher Real Estate Group, Jim is recognized as a leader in Medina County for both his work in real estate and his community involvement.

    Education

    • Bachelor of Science, Capital University, Columbus OH
    • Juris Doctor, Case Western Reserve University, Cleveland OH

    License/Designations

    • Certified Commercial Investment Member - CCIM
    • Certified Residential Brokerage - CRB
    • Graduate Realtor Institute - GRI
    • Admitted to Ohio Bar
    • Ohio Real Estate Broker
    • Licensed Real Estate Agent

    Affiliations

    • Medina County Port Authority
    • SCORE Volunteer
    • Greater Medina Chamber of Commerce, Past President
    • Medina County Economic Development Corp., Past Chair
    • Medina Sunrise Rotary, Past President
    • Medina County Fiber Optics Committee, Co-Chair
    • Balanced Growth Initiatives
    • Blue Coats of Medina County, Founding Member
    • Leadership Medina County, Graduate and Past President

    Recognitions

    • Greater Medina Chamber Hall of Fame
    • Leadership Medina County - County Leadership Award
    • Medina County Economic Development Corp. – Corporate Citizen of the Year
    • Citizen Community Service Planning Award
    • Co-Star Power Broker Award
    • Realtor of the Year
  • Troy Gerspacher, CCIM, SIOR

    Real Estate Broker & President
    Troy@GerspacherGroup.com
    Office: 
    330.722.5002
    Mobile: 
    216.470.4545
    Fax: 
    330.723.6330

    View Troy's Properties

    Troy Gerspacher, President of Gerspacher Real Estate Group is a 3rd generation real estate broker & investor in commercial real estate.  He began in sales over 20 years ago with Aerotek, a global staffing company.    In 1998 he helped start a commercial skilled trades division for the Cleveland and Akron markets.   Over a 7 year period he established over 100 new clients for the company with a payroll of over 200 contract employees with 30 different companies by 2003. 

    In 2004  he began as a real estate agent mentoring his uncle James Gerspacher till 2007.   In 2007 Troy become President, Broker and  owner of the Gerspacher Real Estate Group.   Since his ownership he has grown the company from a company of 4 to 10 employees and agents.   He along with his team have been integral in growing the listings from  75 to over 150 listing totaling over $150 million in real estate inventory.  In that time he has completed nearly 500 sale and lease transactions.    In 2012 he earned the elite  CCIM designation for investment commercial brokers(Certified Commercial Investment Member) and recently in 2017 he earned the SIOR Designation(Society of Office & Industrial Realtors.)   Only 3000 practioniaires in the world have earned this highly honored designation.  In addition he has invested, re-developed, owns and manages multiple commercial office, retail and apartments buildings.  

    He lives in Medina, married to Heather with 3 children, Gavin, Marin and Aylin.

     

    Licenses/Designations

    • Ohio Licensed Real Estate Managing Broker
    • Certified Commercial Investment Member - CCIM
    • Society of Office & Industrial Realtors-SIOR
    • National Association of Realtors-Affiliate Member

    Education

    • Bachelor of Arts, Baldwin Wallace University, Berea OH
    • Member - CCIM

    Affiliations

    • Medina County Economic Development Corp. Board Member
    • Medina County Board of Realtors Commercial Committee
    • Leadership Medina County Graduate
    • Northern Medina County Chamber of Commerce
    • Greater Medina Chamber of Commerce
    • Wadsworth Area Chamber of Commerce
    • Greater Akron Chamber of Commerce
    • Previous St. Matthews Church Personnel Committee Chair 
    • Previous Phi Kappa Tau Fraternity, Past Social Chair, Vice President, President
    • Previous PKT Board of Governors

    Awards

    • Crain’s Cleveland Business “Forty Under 40 for 2013”
    • 2014 Cleveland Marathon Finisher