1365 Kelso Dr - Medical FOR SALE


Kent, OH 44240
$1,250,000 USD
330-722-5002
1365 Kelso Dr, Kent, OH for Sale
$1,250,000 USD
Medical - FOR SALE
1/11
null | Request Cap Rate

1365 Kelso Dr
Kent, OH 44240


HIGHLIGHTS

  • Suite 1: ±3,624 SF - office space (currently leased to the Cleveland Clinic)
  • Gross Annual Rental Income: $54,000
  • b Suite 2: ±2,519 SF - unfinished office space

OVERVIEW

This rare freestanding two-unit, 6,144 SF office building sits on 1.61 acres and is partially leased to the Cleveland Clinic, making it ideal for an owner-occupier. The property offers 2,544 SF of space available for lease or owner use. The Cleveland Clinic lease runs through December 31, 2026, with two additional two-year renewal options extending through December 31, 2032, and includes a 120-day termination right. The existing lease generates $54,000 in annual rent, with the tenant covering 59% of taxes, insurance, and common area costs, and also includes a first right of refusal on the adjacent available space.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$195 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Kelso Medical Building-Contig Lots & Parking

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

Town Center- Mixed Use

APN/PARCEL ID

04-032-00-00-054-005

ASK ABOUT THIS PROPERTY

Cody SinclairGerspacher Real Estate GroupMore Info
330-722-5002

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Cody SinclairGerspacher Real Estate GroupMore Info
330-722-5002

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