$4,395,000 SALE
Office Bldg
38,183 SF
3681 Green Rd
Beachwood, OH 44122 US Park Center Two


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
Financials
Down Payment: $1,245,000
Gross Income: $562,400
Expenses: $226,159
Loan Payment: $189,236
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