Thursday, May 7, 2015

Sequoia Realty Market Update - May 2015

May 2015 Sequoia Market Update

Contents of this Newsletter

Arcadia GlassHouse to Madison Village with the help of Sequoia Realty Corp!       Painesville Township manufacturer moving into larger Madison Village building
       By Simon Husted, The News-Herald, Thursday, April 9, 2015

Recent Deals by Sequoia Realty Corp.
               - 354 N. Lake St., Madison, OH -11,968 Sq.Ft. Industrial/Retail Bldg. - SOLD for $190,000!

New on the Market at Sequoia Realty Corp. 
               - 8425 Station St., Mentor, OH - 100% Occupied Retail Investment - For Sale @ $575,000!

Investment of the Month at Sequoia Realty Corp.
               - 201 Water Tower Dr., Madison, OH - Net Leased Investment - Community College
                      For Sale @ $1,495,000
 
REDUCED PRICE! Properties at Sequoia Realty Corp.
              - 29374 Lorain Rd., North Olmsted, OH - 3,868 Sq. Ft. Retail Building - $299,000!!!


May 2015 Sequoia Market Update

Arcadia GlassHouse to Madison Village with the help of Sequoia Realty Corp!Check out the article below discussing the move of Arcadia GlassHouse to Madison, OH. We helped Mr. Kenyon find and purchase this new building! 

Painesville Township manufacturer moving into larger Madison Village building

By Simon Husted, The News-Herald
Thursday, April 9, 2015

A manufacturing company that makes glass greenhouses for clients nationwide is moving into a larger warehouse nine miles east in Madison Village this year.


Arcadia GlassHouse, an 11-year-old business based in Painesville Township, purchased the former Wonder Bread distribution center at 354 N Lake St. for $190,000 back in February.

The company, whose customers include the Cleveland Metroparks Zoo, Cincinnati Zoo, Maine Botanical Garden, Glacier National Park in Montana and Henry Ford Estate in Michigan, is working on moving its headquarters into the 10,000 square-foot space by June, said company founder and owner Jeff Kenyon.

“Right now, it is a neglected square building and we’re going to clean it up and make it look nice,” Kenyon said, adding that some of the work will include replacing windows and doors.

The building has been vacant since February 2013, according to Village Administrator Dwayne Bailey.

Kenyon said the warehouse, which was also used once to manufacture rubber products for Middlefield Village-based Neff-Perkins, doubles the space the company currently rents at 20 Park Road in Painesville Township. He said this extra space allows for an expanded showcase room to present full-scale models of their products.

When finished, the company will move eight full-time positions to the new headquarters and “hopes to add some staff after the move,” Kenyon said. He said his business is growing, but no figure is available to how much they plan to grow their workforce.

Kenyon said his company is applying to be a part of Madison Village’s Edwards Street Tax Incentive District.

Madison Village Council established the tax incentive district around Edwards Street, as well as another one around the Interstate 90 and Route 528 interchange, in October 2012.

Qualifying projects in either district may receive up to a 75 percent real property tax exemption of the improvements to the property for a term of up to 10 years.

If Arcadia GlassHouse wins council approval on the tax incentive, it would be the first  participant in the village’s tax incentive district, said Village Administrator Dwayne Bailey.

“It’s a small one, but its significant,” said Bailey. “We’re hoping this will be the first of many (companies).”

Kenyon said his company spent 1 1/2 years searching among the areas of Perry, Mentor and Painesville for a new home before deciding to move to Madison Village.

Kenyon said several of his employees live in Madison, as does his son and general manager of the company, Paul Kenyon.

The Leroy Township resident said he likes the direction the village and its vibrant downtown area is heading, and he wants his company’s building to fit in with the area.

http://www.news-herald.com/general-news/20150409/painesville-township-manufacturer-moving-into-larger-madison-village-building


Recent Deals by Sequoia Realty Corp.
 

354 N. Lake.JPG

 354 N. Lake St., Madison, OH

  11,968 Sq.Ft. - Industrial/Retail Building
  Helped the Buyer find this building!
   - PURCHASED for $190,000!
 



Heisley Pointe 6-16-06 002.jpg

 9395 Mentor Ave., Mentor, OH

900 Sq. Ft. - Retail Space
   - LEASED!

1,200 - 4,200 Sq. Ft. - Still Available!





6476 York Rd.JPG

 6512 York Rd., Parma Heights, OH
 1,100 Sq. Ft. - Retail Space
- LEASED!

  2,200 Sq. Ft. - Still Available!

 






26485 Center Ridge.JPG

 26469 Center Ridge Rd., Westlake, OH
 3,600 Sq. Ft. - Retail Space
 -LEASED!


1,700 & 1,750 Sq. Ft. - Still Available!







New on Market at Sequoia Realty Corp.


8425 Station.JPG
NEW ON THE MARKET!
 8425 Station St., Mentor, OH
Investment Retail Building
 7,068 Sq. Ft. on 0.62 Acres
Two-Tenant Building - 100% Occupied
 For Sale @ $575,000


29023 Euclid.jpg


NEW ON THE MARKET!
 29023 - 29029 Euclid Ave., Wickliffe, OH
 3 Buildings Totaling 6,000 Sq. Ft.
 Retail/Office w/ 5-Bay Garage in Back
 For Sale @ 175,000!





4925 E. 345th St. - Photo.JPG

NEW ON THE MARKET!
 4925 E. 345th St., Willoughby, OH
 24,800 Sq. Ft. Warehouse (Including 800 Sq.Ft. Office)
 18' Clear Ceilings, 3 Docks, 2 Drive-in Doors
 For Sale @ 895,000!





370 Blackbrook - New.JPG


 NEW ON THE MARKET!
 370 Blackbrook Rd., Painesville Twp., OH
 4,000 Sq. Ft Office - Available Now!
 4,000 - 12,000 Sq. Ft. Available Dec. 2015
 For Lease @ $12.00/Sq. Ft.



Investment of the Month at Sequoia Realty Corp.


201 Watertower Dr. to use.JPG
 201 Water Tower Dr., Madison, OH
 Net Leased Investment
 Lakeland Community College
 Credit Tenant! (Moody's A2)
 NOI: $110,160
 For Sale @ $1,495,000




REDUCED PRICE! Properties at Sequoia Realty Corp.

29374 Lorain.JPG
29374 Lorain Rd., North Olmsted, OH

3,868 Sq. Ft. - Retail Building
Previous Fire Station - Remodeled!

PRICE REDUCED to $299,000!!!







2555 N. Ridge Rd.JPG
2555 N. Ridge Rd., Perry,  OH
1.73 Acres of Commercial Land
 For Sale @
$275,000
PRICE REDUCED to $140,000!!!







IMG_1714-1.JPG

6988 Spinach Dr., Mentor, OH


900 Sq. Ft.  - Office Condo
 For Sale @ $95,000
PRICE REDUCED to $89,000!!!




170 Main St..JPG
170 Main St., Painesville, OH
4,176 Sq. Ft.  - Office/Retail Available
For Lease @ Negotiable


12,000 Sq. Ft.  - Office/Retail Building
 For Sale @ $497,000PRICE REDUCED to $297,000!!!




33901 Chardon - Aerial View Mapped Out.JPG
 33901 Chardon Rd., Willoughby, OH


1.75 Acres - Commercial Vacant Land
180' Frontage on Chardon Rd.
  For Sale @ $629,000
 PRICE REDUCED to $465,000!!!



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