216-525-1493
6500 Rockside Rd, Independence, OH for Sale
Office - FOR SALE
1/27
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6500 Rockside Rd
Independence, OH 44131


OVERVIEW

Owner-user opportunity with up to 6,283 square feet of contiguous, third-floor space available immediately with a conceptual plan in place. It has a compelling value basis at $100.03 per square foot, which is well below replacement cost, and provides strong in-place income with third-floor upside. The strong in-place income features a current NOI of $429,816 (7.68% cap) and a proforma NOI of $524,611 (9.37% cap) at stabilization. There is a diversified tenant base consisting of 12 tenants across medical, legal, engineering, and professional services, resulting in no concentration risk. The strategic location is in the Rockside Road corridor, offering direct I-77 and I-480 access within Cleveland’s most active suburban submarket. Finally, it features recession-resistant tenants, including multiple healthcare providers such as Rockside Spine, Lifestance, LVC, and Cleveland Men’s Health.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Metro Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

3.28 AC

LAND SF

142,877 SF

ZONING

C-1

APN/PARCEL ID

562-17-025

ASK ABOUT THIS PROPERTY

Connor RedmanCushman & Wakefield | CRESCO Real EstateMore Info
216-525-1493

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Connor RedmanCushman & Wakefield | CRESCO Real EstateMore Info
216-525-1493

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