5800 Monroe St - Medical FOR SALE


Sylvania, OH 43560
$840,000 USD
480-932-4623
5800 Monroe St, Sylvania, OH for Sale
$840,000 USD
Medical - FOR SALE
1/4
null | 8.01% Cap Rate

5800 Monroe St
Sylvania, OH 43560


HIGHLIGHTS

  • Great investment property at $840,000, 8% cap, 3 long standing tenants that have all expanded. Location in established office park/signalized entry
  • Office park is professionally managed. This building currently managed by same property manager as the office park common area.
  • Full Property Financials available upon request and a completed confidentiality agreement . Will cooperate with buyer brokers/agents

OVERVIEW

Office Building 100% Occupancy, 3 long term tenants in a Country Square Office Park. End cap building, all spaces have been renovated and office park at a signalized corner and ample parking in front and back of building Access from both sides. $300,000 plus of tenant improvements since current owner purchased in 2017. Location is in Sylvania, Ohio, next door to ethe ProMedica Health & Wellness Campus. Across the street from UBS and Sylvania Country Club. Net rentable area is 8,122 with an additional several hundred feet of common area. Average net rentable rate of $8.28 sq ft well below market rate.

FOR SALE DETAILS

PRICE

$840,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

8.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building A-1

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

B-4

APN/PARCEL ID

82-14073

ASK ABOUT THIS PROPERTY

Tom HelbergBellevue InvestorsMore Info
480-932-4623

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Tom HelbergBellevue InvestorsMore Info
480-932-4623

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