5000 Oberlin Ave - Medical FOR SALE


Lorain, OH 44053
$495,000 USD
419-283-9939
5000 Oberlin Ave, Lorain, OH for Sale
$495,000 USD
Medical - FOR SALE
1/7
null | 8% Cap Rate

5000 Oberlin Ave
Lorain, OH 44053


OVERVIEW

Prime candidate for a 1031 Exchange this year! This Triple Net rental property has a freshly-executed, 5 year lease agreement, with extensions in place. The tenant is a Nationwide Brand, and has deep roots in the community and in this building in particular. The building has been used as a dental practice for approaching 50 years, so it's in a very stable market! Current NOI is $39,600, so this opportunity is priced at an attractive 8% CAP Rate on a NNN investment property.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westwood Dental Arts Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

O

APN/PARCEL ID

02-02-005-108-013

ASK ABOUT THIS PROPERTY

Jon SmithJon SmithMore Info
419-283-9939

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Jon SmithJon SmithMore Info
419-283-9939

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