PLEASE NOTE THAT BUYERS AND BUYERS' AGENTS ARE PROHIBITED FROM CONTACTING BUSINESS TENANTS WITHOUT OWNER'S PERMISSION.
PROPERTY OVERVIEW: This 5.2 Acre Business Park property has a total of 6 buildings with an aggregate square footage of about 70,200 sq. ft. These Buildings are Class C buildings according to the Cuyahoga County. The buildings have varying ages ranging from 20 to 69 years. Five of the six buildings have fire-resistant walls and one of them has Wood Timber walls (this one has about 10,000 sq. ft. usable space.) Five (5) of the Buildings have forced air heating and one has its own heating & cooling system. The property has ample parking spaces for the tenants’ business Auto Trade Service customers.
TENANT MIX: This Business Park has presently 21tenants plus one vacancy for a space that is configured as auto-detailing business. The current owner is continuing the practice of the prior owner of not having long-term leases.
FINANCIAL HIGHLIGHTS: Business Park’s monthly rental income is $33,850. Its annual utility (primarily water) cost is about $13,000 and its estimated annual real estate taxes are $57,000. According to the CBRE Capitalization studies, Cleveland is a C rated real estate Market.
ASKING PRICE: $2,750,000 with an underlying estimated Cap Rate of about 12.2% for an Owner/Operator.
LOCATION: 15325 – 15375 Brook Park Road, Brook Park, OH 4412
Price
$2,750,000
Listing Information
MLS ID:4161699
BEDROOMS:
BATHS:
SQFT :
County: Cuyahoga
Agent Information
Elias Ladon
19015 Van Aken Blvd, Apt 202
(216) 295-1136
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of CRIS. Real estate listings held by brokerage firms other than (insert your firm’s name here) are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).
Data is updated Nightly at 1am 7 days a week Courtesy of Pro-Classic Real Estate, Inc. / Elias E Ladon Information is deemed reliable but not guaranteed. Information can change without notice
