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Belden Center | ASSUMABLE FINANCING |10.04% Cap
4655 Fulton Drive, NW, Canton, OH 44718
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.
Proforma
2009
$1,205,704
$211,252
$994,452
| Tenant | SF Occupied | Lease Expired | |
|---|
| Community Dialysis (Davita Renal Care) | 25,900 | 9/1/2013 | |
| Life Line Screening of America | 16,045 | 6/1/2016 | |
| Child & Adolescent Behavioral Health | 11,172 | 9/1/2018 | |
| North Canton Medical Foundation | 4,374 | 12/1/2015 | |
| My Personal Trainer | 3,891 | 12/1/2011 | |
Map of 4655 Fulton Drive, NW, Canton, OH 44718 (Stark County)
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.
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.