11851 Detroit Ave - Medical FOR SALE


Lakewood, OH 44107
$2,450,000 USD
330-281-1815
11851 Detroit Ave, Lakewood, OH for Sale
$2,450,000 USD
Medical - FOR SALE
1/2
null | 6.85% Cap Rate

11851 Detroit Ave
Lakewood, OH 44107


OVERVIEW

--Great NNN medical investment opportunity with a quality tenant. --Just under 4 years left on the lease with a 3 year option. Current rent is $13,100 until Feb 2027 (CAP rate 6.4). $13,973 until Feb 2030 (CAP rate 6.85). The option period is $14,846 until Feb 2033 (CAP rate 7.27) -- private surface parking with 26 spots --Prime location in Lakewood near the corner of Detroit and 117th.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$468 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

C3

APN/PARCEL ID

315-13-012

ASK ABOUT THIS PROPERTY

Steve KuriWra Partners LlcMore Info
330-281-1815

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Steve KuriWra Partners LlcMore Info
330-281-1815

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.