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Buckeye Bank Headquarters and R.A.B Financial 36901 American Way

32,321 SF 100% Leased Office Building Avon, OH 44011 $1,747,000 ($54/SF) 8.15% Cap Rate

Medical Offices Ohio Avon 36901 American Way, Avon, OH 44011

Investment Highlights

  • Rare Annual Increases - Tenant Pays Annual Increases of CPI and 3%
  • Corporate Headquarters - American Way is the Main Office Location for Both Tenants
  • Depreciable Asset - Building Lease Allows for Annual Depreciation
  • Long-Term Leases - Blending Lease Term Remaining is Approximately 6 Years
  • Above Market Return - 8/15% Cap Rate Provides Exceptional Cash or Levered Return
  • Excellent Co-Tenancy - Cleveland Clinic Family Health Center, Cleveland Eye Clinic, and More

Attachments

Buckeye Bank HQ and RAB Financial - Avon OH

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
32,321 SF
Building Class
B
Year Built
2006
Price
$1,747,000
Price Per SF
$54
Cap Rate
8.15%
NOI
$142,381
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
18,423 SF
Slab To Slab
10’
Building FAR
0.26
Lot Size
2.81 AC
Zoning
B2
Parking
200 Spaces (5.4 Spaces per 1,000 SF Leased)
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PROPERTY TAXES

Parcel Number 04-00-009-702-001 Improvements Assessment $972,682
Land Assessment $183,292 Total Assessment $1,155,973

PROPERTY TAXES

Parcel Number
04-00-009-702-001
Land Assessment
$183,292
Improvements Assessment
$972,682
Total Assessment
$1,155,973
(216) 381-8200

Contact

  • Listing ID: 33223286

  • Date on Market: 9/18/2024

  • Last Updated:

  • Address: 36901 American Way, Avon, OH 44011

More public record information on 36901 American Way, Avon, OH 44011

The Office Property at 36901 American Way, Avon, OH 44011 is currently available for sale. Contact Goodman Real Estate Services Group for more information.

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Buckeye Bank Headquarters and R.A.B Financial | 36901 American Way
(216) 381-8200 x

Buckeye Bank Headquarters and R.A.B Financial | 36901 American Way

Kyle Hartung

(216) 381-8200

(216) 381-8200

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