Opal Holdings Sells Nickel Plate Station Industrial Property In Euclid For $18.5M

Nickel Plate Station is an industrial property located at 20001 Euclid Avenue, Euclid, OH, comprising nearly 900,000 square feet. The asset was sold for $18.5 million, which translates to a price per square foot of $21. The property was formerly the GM Fisher Body plant and is recognized for its potential in large-scale industrial redevelopment.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $18,500,000
• Square Footage: 900,000
• Address: 20001 Euclid Avenue
• Market: Euclid, OH
• Seller: Opal Holdings
• Brokers: Mike Sullivan - Cushman & Wakefield

The transaction was facilitated by Mike Sullivan from Cushman & Wakefield, who represented the seller, Opal Holdings. The sale followed a receivership process that took place in 2025, highlighting ongoing interest from investors in the industrial redevelopment sector.