946 Pearl Rd - Medical FOR SALE


Brunswick, OH 44212
$720,000 USD
330-722-5002
946 Pearl Rd, Brunswick, OH for Sale
$720,000 USD
Medical - FOR SALE
1/8
null | Request Cap Rate

946 Pearl Rd
Brunswick, OH 44212


HIGHLIGHTS

  • Office/retail space consists of clear span ceilings and full basement
  • Building includes a 10' x 8' drive-in door to lower storage space of 3,600 SF
  • National credit-worthy tenant with approximately 5 years remaining on the lease with no options
  • Frontage: ±149 | Depth: ±170
  • Daily Traffic Count: ±15,565

OVERVIEW

This 7,200 SF office/retail building presents an excellent investment opportunity, currently leased to Clarkson Eyecare, a nationally recognized tenant. The existing modified gross lease provides long-term income stability, with a renewal in place from October 30, 2025, through October 30, 2030, at a monthly rate of $5,445 or $65,340 annually. This generates a solid return on investment of 7.0%. The building offers a flexible mix of professional office and retail space, complemented by an attached garage that leads to 3,600 SF of additional storage. There are 19 on-site parking spaces available, enhancing convenience for both staff and customers. Structurally, the property has been well-maintained, with a standing seam roof replaced between 1998 and 1999, and both furnaces and HVAC units replaced between 1997 and 1998. With a strong tenant, steady cash flow, and a functional layout, this property is well-positioned for a stable and secure investment.

FOR SALE DETAILS

PRICE

$720,000 USD

PRICE/SF

$172 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,494 SF

ZONING

-

APN/PARCEL ID

003-18A-07-142

ASK ABOUT THIS PROPERTY

Morgan FaunceGerspacher Real Estate GroupMore Info
330-722-5002

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

Morgan FaunceGerspacher Real Estate GroupMore Info
330-722-5002

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