370 Cline Ave
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370 Cline Ave
12,544 SF 50% Leased Office Building Mansfield, OH 44907 $1,200,000 ($96/SF)
Executive Summary
FOR SALE: Partially-leased office building located in the Mansfield Professional Colony. Building is demised into two units, each roughly 6,066 square feet:
The lower-level unit is currently leased to a long-term medical tenant, while the upper-level unit is vacant and available for either occupancy by new owner or for lease to a new tenant. With a current projected/proforma capitalization rate of 11.6%, the property would be ideal for both investors and/or partial owner occupants alike. {Financial information available to qualified buyers with a signed confidentiality agreement.}
The lower-level unit is currently leased to a long-term medical tenant, while the upper-level unit is vacant and available for either occupancy by new owner or for lease to a new tenant. With a current projected/proforma capitalization rate of 11.6%, the property would be ideal for both investors and/or partial owner occupants alike. {Financial information available to qualified buyers with a signed confidentiality agreement.}
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
12,544 SF
Building Class
C
Year Built
1978
Price
$1,200,000
Price Per SF
$96
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,272 SF
Slab To Slab
10’
Building FAR
0.99
Land Acres
0.29 AC
Opportunity Zone
Yes
Parking
50 Spaces (4.02 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 6,272 SF
- Office/Medical
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 6,272 SF | Office/Medical | - | Now |
1st Floor
| Size |
| 6,272 SF |
| Space Use |
| Office/Medical |
| Condition |
| - |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Number | 027-01-061-09-000 | Improvements Assessment | $80,640 |
| Land Assessment | $17,360 | Total Assessment | $98,000 |
PROPERTY TAXES
Parcel Number
027-01-061-09-000
Land Assessment
$17,360
Improvements Assessment
$80,640
Total Assessment
$98,000
-
Nathan Neal, MAI -
Haring Realty
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370 Cline Ave
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