25111-25175 Country Club Blvd | North Olmsted, OH 44070
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25111-25175 Country Club Blvd
North Olmsted, OH 44070
Credit Anchored Office| 8.5% CAP| Sig Upside! · Office Property For Sale
Investment Highlights
- • Credit Anchored, Office Medical Complex: Anchor Moen (S&P BBB+) with Recently Extended Long-Term Lease Including Annual Rental Increases & U.S. Govt
- • Notable Tenant Improvements/Upgrades (Estimated $3 Million) Self-Funded by Moen in 2017 Including: Internal Use Elevator, IT/Equip Room, Fitness Ctr
- • Long-Term Tenured Tenants: FAA US Govt in 3 Units in West Building, MJH Life Sciences, Numerous Healthcare Users & Recession Proof Tenants
- • Highly Attractive 8.50% CAP Rate: Low $85/S.F. Price, High 15.47% Expected Yr-1 Cash-on-Cash Return & Still SIGNIFICANT Upside(Approx 68% Occupancy)
- • Enormous Value-Add Potential: Lease-Up of Remaining Vacant Units (At Stabilization: 13.98% CAP with High 37.39% Projected Cash-on-Cash Return at 93%
- • Strong Suburban Market $95k Avg HH Incomes: 6.1% Vacancy Rate w/ Many Comparable Rents in Mid-$20/SF & Across from Moen World HQ & Next to I-480
PROPERTY FACTS
Property Type
Building Size
70,200 SF
Building Class
B
Year Built
1987
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
35,000 SF
Slab To Slab
10’
Building FAR
0.34
Lot Size
4.78 AC
Zoning
Mixed Use
Parking
400 Spaces (2.86 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Banking
- Bio-Tech/ Lab Space
- Bus Line
- Controlled Access
- Fitness Center
- Food Court
- Food Service
- Property Manager on Site
- Signage
- Kitchen
- Natural Light
- Monument Signage
- Outdoor Seating
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 236-13-005 | Improvements Assessment | $1,465,840 |
| Land Assessment | $468,790 | Total Assessment | $1,934,630 |
PROPERTY TAXES
Parcel Number
236-13-005
Land Assessment
$468,790
Improvements Assessment
$1,465,840
Total Assessment
$1,934,630
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