Office Building for Sale: Suburban Cleveland, OH
Well-maintained office building with attached garage for sale in ideal Beachwood location. Excellent owner/user or investment opportunity! • Park Center II is prominently located in a major business district with direct access to amenities. • Situated on S. Green Road, North of Harvard Road and South of Chagrin Blvd. in Beachwood, OH. • Distance to I-271 at Harvard interchange: 1.9 miles; I-271 at Chagrin: 1.6 miles; I-480 at Miles: 3.3 miles • Close proximity to Eaton Corp, Ahuja Medical Center, and Lifestyle dining & shopping • Long Tenured Tenants: 60% of tenants have called PC II home for more than ten years! • Recent Capital Upgrades: Upgraded and modernized elevator; Roof replacement; Outdoor signage; Exterior pre-cast refinished; Parking deck caulking replaced • Secure underground parking
| Property Type | Office Bldg |
|---|---|
| Year Built | 1973 |
| Building Class | B |
| Cap Rate Percentage | 7.65 |
| Listing ID | ECDZ39 |
| MLS ID | 756607 |
| Style | Other Style |
| Building Size | 38,183 SF |
| Lot Size | 1.41 AC |
Property Highlights
Efficiently Managed HVAC System: Magic-Pak heating and cooling units throughout the building provide tenant controlled environments with consistency from office to office.
Average household incomes just over $142,400 within 1 mile.
Consistent high occupancy rates
Public Wifi
Approximately 2,500 businesses in Beachwood
Approximately 25,000 employees work in Beachwood
Property Features| Location: | Well-maintained office building with attached garage for sale in ideal Beachwood location, a suburb on the Eastside of Cleveland, OH. Excellent owner/user or investment opportunity! • Park Center II is prominently located in a major business district with direct access to amenities. • Situated on S. Green Road, North of Harvard Road and South of Chagrin Blvd. in Beachwood, OH. • Distance to I-271 at Harvard interchange: 1.9 miles; I-271 at Chagrin: 1.6 miles; I-480 at Miles: 3.3 miles • Close proximity to Eaton Corp, Ahuja Medical Center, and Lifestyle dining & shopping • Long Tenured Tenants: 60% of tenants have called PC II home for more than ten years! • Recent Capital Upgrades: Upgraded and modernized elevator; Roof replacement; Outdoor signage; Exterior pre-cast refinished; Parking deck caulking replaced • Efficiently Managed HVAC System: Magic-Pak heating and cooling units throughout the building provide tenant controlled environments with consistency from office to office.Approximately • Consistent high occupancy rates • Public Wifi |
| Down Payment: $1,245,000 |
| Gross Income: $562,400 |
| Expenses: $226,159 |
| Loan Payment: $189,236 |
