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Park Exchange 140 W Washington St 3,327 SF of Retail Space Available in Medina, OH 44256
Highlights
- Open, bright space with 18 large windows.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1 | 3,327 SF | 3-5 Years | $11.99 /SF/YR $1.00 /SF/MO $39,891 /YR $3,324 /MO | Modified Gross |
1st Floor, Ste 1
The Park Exchange Building, home to Miss Molly's and Half Moon Yoga, has first floor space available. Street front exposure with lots of natural light, this space is just steps away from the busy historical public square of Medina. Plenty of room for retail operations or a combination of office and bullpen space. Fresh paint, new carpeting, and lighting upgraded to LED. Great foot and car traffic downtown Medina. Just around the corner from the new Legacy Hotel opening later this year!
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Central Air and Heating
- Fully Carpeted
- After Hours HVAC Available
- Close to the square, street front, large windows
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 3,327 SF | Gross Leasable Area | 30,000 SF |
| Property Type | Retail | Year Built | 1957 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 0.33/1,000 SF |
| Total Space Available | 3,327 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 30,000 SF |
| Year Built | 1957 |
| Parking Ratio | 0.33/1,000 SF |
About the Property
Rent + CAM= $3250./mo. plus utilities. Very nice, remodeled office space at Park Exchange Building in great downtown location next to the Medina Square. Newly remodeled space has 12 offices with open space to use as open offices or to create new ones. Great natural light with reception areas, elevator, in-suite restrooms, and employee break room. New paint, lighting, and carpet. Plenty of parking and great sign exposure.
Nearby Major Retailers
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Park Exchange | 140 W Washington St
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