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Suburban Professional Building 111 Stow Ave 15,842 SF 100% Leased Office Building Cuyahoga Falls, OH 44221 $1,500,000 ($94.69/SF) 7.69% Cap Rate
Executive Summary
The Subject Property is a well maintained 15,842 SF two story office building. The building also
includes an elevator and a 3,830 SF basement. The property is located on the newly redeveloped
Front Street in Cuyahoga Falls. The property is within minutes of State Route 8 for superior
access to the Akron, Canton, and Cleveland marketplaces
.
This property is 100% leased with a mix of short and long term tenants. The anchor tenant that
occupies half the building, just completed a renovation of over $100,000 to convert the upper
level into Class A office space which includes key fob access for the entire building. The
surrounding area includes retail, restaurant amenities, with ample city parking surface lots and
decks.
Please email Graydon (graydon.fox@svn.com) or Brian (brian.foster@svn.com) for the offering memorandum.
includes an elevator and a 3,830 SF basement. The property is located on the newly redeveloped
Front Street in Cuyahoga Falls. The property is within minutes of State Route 8 for superior
access to the Akron, Canton, and Cleveland marketplaces
.
This property is 100% leased with a mix of short and long term tenants. The anchor tenant that
occupies half the building, just completed a renovation of over $100,000 to convert the upper
level into Class A office space which includes key fob access for the entire building. The
surrounding area includes retail, restaurant amenities, with ample city parking surface lots and
decks.
Please email Graydon (graydon.fox@svn.com) or Brian (brian.foster@svn.com) for the offering memorandum.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
15,842 SF
Building Class
B
Year Built/Renovated
1974/2010
Price
$1,500,000
Price Per SF
$94.69
Cap Rate
7.69%
NOI
$115,408
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,921 SF
Slab To Slab
10’
Building FAR
1.58
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
MU-6, Downtown
Amenities
- Air Conditioning
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 02-02854 | Improvements Assessment | $251,570 |
| Land Assessment | $18,974 | Total Assessment | $270,544 |
Property Taxes
Parcel Number
02-02854
Land Assessment
$18,974
Improvements Assessment
$251,570
Total Assessment
$270,544
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Suburban Professional Building | 111 Stow Ave
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