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
Public Wifi
Average household incomes just over $142,400 within 1 mile.
Efficiently Managed HVAC System: Magic-Pak heating and cooling units throughout the building provide tenant controlled environments with consistency from office to office.
Consistent high occupancy rates
Approximately 25,000 employees work in Beachwood
Approximately 2,500 businesses 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 |