Shopping Center Property For Sale - Belden Center | ASSUMABLE FINANCING |10.04% Cap

4655 Fulton Drive, NW, Canton, OH, 44718

 

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Belden Center | ASSUMABLE FINANCING |10.04% Cap

4655 Fulton Drive, NW, Canton, OH 44718

Belden Center | ASSUMABLE FINANCING |10.04% Cap
  • $9,900,000
  • 100,327 SF
  • $98.68
  • Shopping Center
  • Neighborhood Center
  • Office Building
    Medical Office
    Street Retail
  • Net Lease Investment with 10+ years left on lease
  • 1.5%
  • 10.04%
  • 95%
  • 1
  • Multiple
  • 1985
  • 7.91 AC
  • 1616413
  • Find Out More...
Last Verified  10/12/2009 Listing ID  16085181

Highlights

  • Assumable Financing
  • Two recently price reductions of $1.2m - Priced to Sell
  • Tenant mix is Medical / Retail / Office
  • Over $2.2 million in significant renovations over the past three years
  • Three largest tenants occupy 53% of center have longer term leases
  • Seller will master lease any vacancy

Description

**ATTRACTIVE ASSUMABLE FINANCING | Based on $9.9m purchase price, an equity down payment of at lease $1.2m will be required from buyer at closing; additional equity may be required in order to facilitate loan assumption.

The asking price was reduced by $500,000 on 6/9/09. Another price reduction of $700,000 on 7/14/09. Priced to sell!

Included in this offering is 100,327 square feet, of which 95.0% is leased to medical, retail and office tenants. Three of the largest tenants are medical users such as Davita DBA Community Dialysis Unit LLC (25,900 SF), Life Line Screening of America (16,045 SF), and Child & Adolescent Behavioral Health (11,172 SF). Over $2.2M in renovations over the past three years. ** To receive the full Offering Memorandum package, which includes financial and rent roll information, please click on the attached Confidentiality Agreement, sign and fax back to our office.**

Located near Westfield Belden Village Mall in Canton's hottest retail/office market just off I-77. Over 3 million sq. ft. of retail and office space in the area. Frontage on both Dressler and Fulton Road. The US Post office is located directly across the street.

Financial Summary

Major Tenant Information

Debt & Equity Information

  • Proforma
  • 2009
  • $1,205,704
  • $211,252
  • $994,452

Map of 4655 Fulton Drive, NW, Canton, OH 44718 (Stark County)

Contact Listing Broker to find out more details.

Presented by

Tom Jackson Commercial Realty

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Contact Listing Broker
Dean Bacopoulos (330) 494-4411 Ext: 102
Steve Lazarides (330) 494-4411 Ext: 103
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Created 2/2/2009

Additional Information for 4655 Fulton Drive Nw, Canton, OH 44718

  • Active For Sale - 1 Listing
  • Active For Lease - 1 Listing
  • Previously Listed - 4 Historic Listings
  • Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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