8820 East Ave

Estimated Monthly Payment: $27,437/mo 8820 East Ave, Mentor, OH 44060 MLS# 4059822 Commercial Listing Status: Active
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REMARKS:

Mag-Nif, Inc. produces motorized, novelty, and non motorized banks. It offers animated coin sorting banks, automated sorting devices, digital coin counters, puzzles and games, value pack preformed wrappers for wrapping coins, trim-a-tree and gift wrap bow-making items, and bow pins. The company was founded in 1963 in Mentor, Ohio. The property, land, and equipment are being sold. Total property is approximately 150,000 SF on 7.8 acres of land and will be verified per sale. All plastic injection molding machines, pallet racking, and other assets are for sale and available per separate price and are not including in this price. Multiple expansion of building have occurred from 1963 to present. Warehouse additions occurred in 1994 (40,062 SF), 1995 (11,731 SF), and 2002 (21,085 SF) including previous existing office/manufacturing areas (77,006) improvements and remodeling during the 1990's. Heavy electrical power is brought to property, specifically 1200 amp, 480 Volt, 3-Phase power. Oil/Gas well is included with sale with all mineral right offered in purchase. Addition built in 2002 has standard fire suppression with 26' clear height ideal for rack storage. Remaining clear heights range from 24' to 14' in warehouse and manufacturing areas.

OVERVIEW:

Commercial
Industrial
Active
Mentor
Mix Chase
1930
7.83
Flat, Metal
Forced Air, Space Heaters
Gas
Central Air
Public Water, Public Sewer

ROOM INFO:

None

FINANCIAL:

$4,500,000
$82,992

NEIGHBORHOOD & SCHOOL INFORMATION:

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