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Subich Building 120 Sturges Ave

12,000 SF 89% Leased Office Building Mansfield, OH 44903 $399,900 ($33/SF)

Investment Highlights

  • 120 Sturges Ave, located near Ohio Health Mansfield Hospital, offers 10 well-designed units with 7 already leased.
  • The property offers immediate income and sustained growth, with separate utilities submetering for tenants.

Executive Summary

Welcome to 120 Sturges Ave! Nestled mere minutes away from the prestigious Ohio Health Mansfield Hospital, this property beckons savvy investors with its promise of exceptional returns. Boasting 10 meticulously crafted units, with 7 already leased, 120 Sturges Ave presents a rare opportunity for both immediate income and sustained growth. Each unit has been thoughtfully designed with separate submetering for utilities, ensuring seamless management and providing tenants with the flexibility to control their expenses. Whether you're a seasoned real estate investor looking to expand your portfolio or a newcomer seeking a solid entry point, this property offers a compelling proposition. Don't let this opportunity pass you by. Take the first step towards securing your financial future and schedule a viewing today to witness the potential of 120 Sturges Ave firsthand! The current capitalization rate stands at 8.01%, with projected expenses totaling an estimated $7,616.80. This expense breakdown comprises $4,616.80 allocated for taxes and $3,000 designated for insurance.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
12,000 SF
Building Class
B
Year Built
1961
Price
$399,900
Price Per SF
$33
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,000 SF
Building FAR
0.27
Lot Size
1.01 AC
Opportunity Zone
Yes
Zoning
OS
Parking
50 Spaces (4.17 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 2
  • 1,300 SF
  • Office
  • -
  • Now

The 120 Sturges office building, near Ohio Health Hospital and downtown Mansfield, offers affordable office space for health service providers, attorneys, and call centers. Lease options are $500/month.

Space Size Space Use Condition Available
1st Fl-Ste 2 1,300 SF Office - Now

1st Fl-Ste 2

Size
1,300 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 2

Size 1,300 SF
Space Use Office
Condition -
Available Now

The 120 Sturges office building, near Ohio Health Hospital and downtown Mansfield, offers affordable office space for health service providers, attorneys, and call centers. Lease options are $500/month.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 027-01-099-03-004
  • 027-01-099-03-006
  • 027-01-099-03-010
  • 027-01-099-03-007
  • 027-01-099-03-008
Land Assessment
$1,140
Improvements Assessment
$7,150
Total Assessment
$8,290
  • Listing ID: 31231114

  • Date on Market: 3/15/2024

  • Last Updated:

  • Address: 120 Sturges Ave, Mansfield, OH 44903

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