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1305 Corporate Dr
Hudson, OH 44236
Summa Health | Credit Tenant | 9.3% Cap | NN · Office Property For Sale
Investment Highlights
- Investment Grade Credit Tenant - The tenant, Summa Health has a credit rating of BBB+ from Fitch
- Hudson is the Jewel of Northeast Ohio - Hudson boasts an outstanding, nationally ranked education system, historic neighborhoods and high-end shopping
- High Visibility Corporate Park - Hudson Professional Office Park where the property is located has easy access and visibility from Darrow Rd
- Affluent Areas with High Average Incomes - The average household income in the 1-mile radius surrounding the property is over $169,000 a year
- Highly Educated Population - Hudson City Schools rank in the top 2 percent of Ohio districts, with Hudson High School ranking in the top 1 percent
- Above Market Annual Rent Increases to Hedge Against Inflation - The lease features 2.85% rental increases every year
Property Facts
Property Type
Office
Property Subtype
Building Size
5,314 SF
Building Class
B
Year Built
1999
Percent Leased
71%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,314 SF
Building FAR
1.00
Lot Size
0.12 AC
Parking
30 Spaces (5.72 Spaces per 1,000 SF Leased)
Amenities
- Waterfront
Property Taxes
| Parcel Number | 30-09279 | Improvements Assessment | $298,256 |
| Land Assessment | $48,318 | Total Assessment | $346,574 |
Property Taxes
Parcel Number
30-09279
Land Assessment
$48,318
Improvements Assessment
$298,256
Total Assessment
$346,574
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