605 Lemoyne Rd - Loft/Creative Space FOR SALE
Northwood, OH 43619 |
$1,350,000 USD
248-702-0288
605 Lemoyne Rd
Northwood, OH 43619
HIGHLIGHTS
- 20+ Year Operating History
- Recent 5-Year Extension Highlighting Tenant Commitment to the Location
- Only (1) 5-Year Renewal Remains at Below Market Rent, Providing Upside in Lease Negotiations for Future Owner
- Brand New Parking Lot Installed in 2024
- Market Rents Average $18.55/sf Providing Rental Upside at End of Lease in 2035
OVERVIEW
20+ Year Operating History
Recent 5-Year Extension Highlighting Tenant Commitment to the Location
Only (1) 5-Year Renewal Remains at Below Market Rent, Providing Upside in Lease Negotiations for Future Owner
Brand New Parking Lot Installed in 2024
Market Rents Average $18.55/sf Providing Rental Upside at End of Lease in 2035
FOR SALE DETAILS
PRICE
$1,350,000 USD
PRICE/SF
$151 USD /SF
CAP RATE
6.49%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
DaVita Northwood Analysis
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Loft/Creative Space
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
38
LAND DETAILS
LAND ACRES
1.53 AC
LAND SF
66,646 SF
ZONING
-
APN/PARCEL ID
M50-812-340323018000,M50-812-340323019000
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248-702-0288
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248-702-0288
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