7575 Northcliff Ave - Medical FOR SALE
Brooklyn, OH 44144 |
7575 Northcliff Ave
Brooklyn, OH 44144
HIGHLIGHTS
- ? Incredible Value-Add Opportunity: 39% Occupied Medical/Office Investment: Irreplaceable Location Directly Off Major Highway & Centralized Location
- ? Low Price Point Under $68/SF, Well Below Replacement Cost With Enormous Value-Add Potential Through Lease-Up
- ? Significant Recent Leasing Traction Since Building Improvements Completed & Situated in Greater Cleveland’s SWMarket Where Office Vacancy is Only 6%
- ? Stabilized 14.08% CAP Rate & Whopping 37.11% Yr-1 Projected Cash-on-Cash Return Based on Ask Price(Assuming 95% Occup.), an Est. $600k Increase to N
- ? Ideal Demographics: Avg. Household Incomes Over $65,000 in 5-Miles & Direct Access to Large Population Base (Approx. 330,600 People within 5 Miles)
- ? Premier, 4-Story Professional Building with Recent Complete Cosmetic Overhaul Throughout Common Areas Generating Big Leasing Traction
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Great Value-Add Office/Medical | $68/S.F.
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
69612
STORIES
4
BUILDING CLASS
A
YEAR BUILT
1992
SPRINKLERS
-
PARKING SPACES
350
LAND DETAILS
LAND ACRES
3.82 AC AC
LAND SF
166,399 SF
ZONING
-
APN/PARCEL ID
433-14-053
