$3,800,000 SALE
Office Bldg
35,518 SF
23215 COMMERCE PARK RD
Beachwood, OH 44122 US Park Center I


Park Center I


Well-maintained office building with leasing opportunities to add value for sale in ideal Beachwood location. Excellent Owner/User or investment opportunity! • Park Center I is prominently located in a major business district with direct access to amenities. • Situated on Commerce Park Rd., off of S. Green Rd., between Harvard Rd. and Chagrin Blvd. in Beachwood, OH. • Terrific Beachwood Location • 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 • Opportunity to add value by leasing over 12,700 SF • Over 70% of available office space is in move-in condition or only requires paint and carpet.


Property Type Office Bldg
Year Built 1971
Renovated Year 2018
Building Class B
Cap Rate Percentage 8.15
Listing ID LGLV5F
MLS ID 774677
Style Other Style
Building Size 35,518 SF

Property Highlights

Public Wifi

Full floor available for upside leasing or Owner/User.

Approximately 25,000 employees work in Beachwood

HVAC System: Magic-Pak heating and cooling units throughout the building provide tenant controlled environments with consistency from office to office.

Approximately 2,500 businesses in Beachwood

Average household incomes just over $142,400 within 1 mile.

Property Features
Location: Park Center I is prominently located in a major business district with direct access to amenities. Situated on Commerce Park Drive, just South of Chagrin Blvd. in Beachwood, OH. With three exits along I-271, Beachwood is known for its accessibility, bringing a workforce to the city's approximately 2,500 businesses. This area boasts exceptional demographics with average household incomes just over $142,400 within 1 mile.
Financials
Down Payment: $950,000
Gross Income: $522,537
Expenses: $212,954
Loan Payment: $171,213
Additional Media