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CoreOne Industrial LLC buys 7901-8001 Old Granger Road, Cleveland, OH
Announcement – 7/19/2024
Darien, CT – CoreOne Industrial LLC (CoreOne), an industrial real estate investment company headquartered in Darien, CT, has acquired 7901-8001 Old Granger Road, Cleveland, OH. The purchase consists of an Industrial Outdoor Storage (IOS) site encompassing a building of 8,882 square feet on a 4.62-acre lot. The property is currently occupied by United Rentals Reliable On-Site Services, the largest equipment rental company in the world. The Reliable On-Site Services division of United Rentals offers portable toilet rental solutions for jobsites and large events. This property marks the fourth IOS site acquired by CoreOne in 2024 and the sixth in their portfolio.
The sale of the transaction was facilitated by David Leb and Jason Laver of Cushman & Wakefield CRESCO Real Estate Team. David Leb commented on the transaction, “This truly was a win-win for both the buyer and seller. We were able to execute a sale with a great return for our client, and the buyer purchased an asset with an immediately attractive return with a rock-solid tenant in a bullseye industrial location.”
“Acquiring the United Rentals location marks another significant milestone in our strategy to expand and enhance our IOS portfolio.” stated CoreOne Industrial President, Joe Burton. “This property’s prime location off I-77 and I-480 emphasizes our strategy to acquire well-located sites in high-traffic areas.” Robert DePiero, Partner and Investment Officer, added, “Our team’s ability to identify functional IOS sites at below-market values continues to deliver outstanding returns for our investors. This acquisition strengthens our portfolio and aligns perfectly with our growth objectives.”
Please contact with any opportunities:
Robert DePiero (201) 739-4529 and Corey Isdaner (917) 242-1899
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