DON'T MISS THIS COMMERCIAL TRIPLE NET (NNN) ALL BRICK 2 STORY INVESTMENT!! This 2-story commercial property sits on one of Cleveland's highest traffic streets. Great visibility! This property boasts $53,400 Gross Annual w/ 10.8% CAP. 2 suites w/ ~10,800 + sq feet retail/office and 3500+ sq feet open storage space in basement accessed by main floor unit and includes 6 off street parking spaces up front. This fully occupied turnkey investment is triple Net tenancy with $4,100 Mo/ $49,200 Annual Income. This low - to no maintenance asset is prime to add value and cash flow to your portfolio at nearly a 9 Cap return. Occupants: Main Floor - Liquidation Company has been in business for 10 + years and uses the space for warehousing only. 2nd Floor - A well established and growing commercial photography / digital imaging company. Property Taxes - $3,743 Annually - Insurance $1743 Annually Each occupant has a the balance of their two year lease with 2 year option add on. Tenants pay for all utilities and maintenance. Deposits for all units
Once in a life time opportunity to own a 9 unit mixed use building with a city approved Art Installation / Advertising Billboard. Email Agent for complete investment analysis, video tour, rent roll & information on the mechanical systems of the building. Local & out of state investors welcome. Do not disturb the tenants. Broker Owned property.
30 YEAR OWNER FINANCING / SELLER FINANCING AVAILABLE!!! ---- 14,000+ sq ft. Salon / Medical / Office building. Half of the building was occupied by HoltonWise for many years. We have moved to new location(s) & are currently leasing out all of the vacant space. Rent roll is anticipated to be between $16,000/mo & $22,000/mo when we're finished leasing out all of the space. The building is conveniently located next to University Hospital, shopping, transit, a high school football stadium and many national companies such as Chick-fil-A, Sheetz, McDonald's, Starbucks, Target, Kohl's, Verizon and Walmart. The building has frontage on both Ridge Rd across the street from Byers field & Lynett Dr across the street from University Hospital. The building has 3 floors, 1 elevator, 2 stairwells, 14 restrooms, a new $80,000 rooftop HVAC system that was installed a couple years ago, and two parking lots that can hold a total of 65 vehicles. Agent owned building. Email me for rent roll, showing information & owner financing details.
Parma is located in Ohio. Parma, Ohio has a population of 80,880. Parma is less family-centric than the surrounding county with 21.75% of the households containing married families with children. The county average for households married with children is 23.83%.
The median household income in Parma, Ohio is $60,590. The median household income for the surrounding county is $55,109 compared to the national median of $69,021. The median age of people living in Parma is 42.5 years.
The average high temperature in July is 83 degrees, with an average low temperature in January of 22 degrees. The average rainfall is approximately 38.3 inches per year, with 53.6 inches of snow per year.
