6000 Parkland Blvd - Office FOR SALE
Mayfield Heights, OH 44124 |
6000 Parkland Blvd
Mayfield Heights, OH 44124
HIGHLIGHTS
- LOCATION, LOCATION, LOCATION! Unbelievable opportunity for Class A professional building at far below replacement cost.
- Irreplaceable real estate: tremendous upside (33% occupied) or value-add investment, perfect opportunity for owner/user headquarters location.
- Stabilized 15.28% CAP rate & whopping 40% tear-1 projected cash-on-cash return at asking price (95% occ.), generating an estimated $934K NOI increase.
- Signalized corner at entrance to Landerhaven Corp. center | Excellent exposure on Lander & across from Parker Hannifin’s global HQ (61K employees).
- Strong current tenancy offering in-place income from recent NNN lease extension with Howard Hanna (Top residential real estate company nationally).
- Strong, affluent market: Avg. household incomes $146K+ in 5 miles with state-rated Excellent & top-rated Mayfield Exempted Village School District.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Tremendous NNN Value Add or Owner/User Inv.
PROPERTY TYPE
Office
ADD'L SUBTYPES
Storefront Retail/Office, Medical
TOTAL BUILDING SIZE
77333
STORIES
3
BUILDING CLASS
A
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
409
LAND DETAILS
LAND ACRES
6.3 AC AC
LAND SF
274,428 SF
ZONING
-
APN/PARCEL ID
863-17-002
