OPPORTUNITY

434,000 SF, Class A industrial distribution development located in Streetsboro, OH. This project is Westminster’s second industrial development in the Cleveland market following the highly successful sale of Victory Commerce Center, a 434,000 SF development in Glenwillow, OH. The project benefits from a strong market vacancy rate of less than 4.0% for modern bulk industrial space throughout greater Cleveland, as well as little to no future planned supply for the Streetsboro submarket. In September 2024, Streetsboro Industrial was sold generating a 14.3% IRR and an Equity Multiple of 1.7 to 1.