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1987 W 4th St
Mansfield, OH 44906
Wexford Centre · Office Property For Sale
Investment Highlights
- Desirable Multi-Tenant Medical Tenancy: The asset has a mixture of 3 medical tenants and one insurance company with multiple locations
- Strong Demographics: 1987 West 4th Street sits in the heart of the desirable submarket of the Ontario with average household incomes north of $92,000
- Offered Well-Below Replacement Cost: The property is offered significantly below replacement cost.
- Ideal Location in Robust Retail Corridor: The property sits in the ideal retail corridor of West 4th and Lexington-Springmill Road
- Attractive Going in Yield: The property is listed at a 10% cap rate providing a buyer with substantial debt coverage
- Unencumbered Asset: Offered free and clear of any existing financing, allowing a new investor to take advantage
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
8,000 SF
Building Class
C
Year Built
1997
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,000 SF
Building FAR
0.29
Lot Size
0.64 AC
Parking
40 Spaces (5.54 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 038-60-238-10-002 | Improvements Assessment | $132,740 |
| Land Assessment | $38,760 | Total Assessment | $171,500 |
Property Taxes
Parcel Number
038-60-238-10-002
Land Assessment
$38,760
Improvements Assessment
$132,740
Total Assessment
$171,500
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