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28871 Center Ridge Rd
Westlake, OH 44145
PARADIGM ORAL HEALTH · Office Property For Sale
Investment Highlights
- Tenant Investment in Location – Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients
- Recent Lease Execution – Paradigm demonstrated its dedication to the location by signing a long-term lease in 2022,
- Passive Investment Opportunity – This property offers an excellent investment for 1031 exchange buyers seeking a high-yield asset
- Scheduled Rental Increases – 2.50% annual rental increases provide a future owner a boost in cash flow and return on their investment
- Strong Demographics – The property benefits from a prime location in a densely populated and affluent area, with over 152,831 residents within a 5-mil
- Strategic Location – The site is directly across from a 190-bed full-service hospital and situated along Highway US 20.
Property Facts
Property Type
Office
Building Size
5,000 SF
Building Class
C
Year Built
1994
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,647 SF
Building FAR
0.05
Lot Size
2.36 AC
Zoning
OB - Office building
Parking
75 Spaces (28.33 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 216-18-305 | Improvements Assessment | $78,225 |
| Land Assessment | $24,290 | Total Assessment | $102,515 |
Property Taxes
Parcel Number
216-18-305
Land Assessment
$24,290
Improvements Assessment
$78,225
Total Assessment
$102,515
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