5265-5273 Broadview Rd - Office FOR SALE


Parma, OH 44134
$535,000 USD
216-310-2079
5265-5273 Broadview Rd, Parma, OH for Sale
$535,000 USD
Office - FOR SALE
1/5
null | 9.4% Cap Rate

5265-5273 Broadview Rd
Parma, OH 44134


OVERVIEW

5261-5273 Broadview Road is a 100% occupied, 8,650 SF office/retail investment property in Parma, Ohio, offered for sale at $535,000 ($61.85/SF). The property is leased to two established tenants, both with lease terms extending through May 31, 2028. Tenant A has occupied the property for more than 25 years, while Tenant B has occupied the property for approximately 8 years, providing a strong history of tenant stability. The property generates approximately $81,696 in annual income and an estimated pro forma NOI of $50,296, resulting in an approximate 9.40% pro forma going-in cap rate at the asking price. The building benefits from strong parking, prominent Broadview Road frontage, excellent visibility and convenient access, with a location approximately one block south of Brookpark Road. According to the ODOT Traffic Viewer, Broadview Road carries approximately 20,406 vehicles per day near the property. The combination of full occupancy, long-term tenant history, existing cash flow, and a well-positioned commercial location presents an attractive opportunity for an investor seeking a stabilized income-producing asset.

FOR SALE DETAILS

PRICE

$535,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

9.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Broadview North

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

commercial

APN/PARCEL ID

445-04-012

ASK ABOUT THIS PROPERTY

Connor KrouseLee & Associates - ClevelandMore Info
216-310-2079

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Connor KrouseLee & Associates - ClevelandMore Info
216-310-2079

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