240 W Cook Rd
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240 W Cook Rd
13,021 SF Vacant Office Building Mansfield, OH 44907 $1,953,150 ($150/SF) 11.96% Cap Rate
Executive Summary
Elford Realty is pleased to present this opportunity for an owner-occupant to purchase this 13,021 SF medical office building located in Mansfield, Ohio. Surrounded by trees and situated on approximately 3.67 acres, this well-appointed property is highly visible along Cook Road. The building has been well maintained and is currently occupied by a single tenant which includes a surgery center and clinical space. The building is within minutes of SR 42 and I-71 along with many area amenities including restaurants, banking, and other medical offices. The current tenant is on a month-to-month lease. They are currently paying $233,685.88/yr (surgery center $133,032/yr and medical office $100,653.88/yr).
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
13,021 SF
Building Class
C
Year Built
1974
Price
$1,953,150
Price Per SF
$150
Cap Rate
11.96%
NOI
$233,684
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,511 SF
Building FAR
0.08
Lot Size
3.67 AC
Zoning
C
Parking
56 Spaces (4.3 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Number | 028-90-118-05-000 | Improvements Assessment | $174,260 |
Land Assessment | $23,780 | Total Assessment | $198,040 |
PROPERTY TAXES
Parcel Number
028-90-118-05-000
Land Assessment
$23,780
Improvements Assessment
$174,260
Total Assessment
$198,040
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240 W Cook Rd
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