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Midwest Eye Consultants 31 Conservatory Dr 6,264 SF Office Building Barberton, OH 44203 $1,251,885 ($199.85/SF) 8.25% Cap Rate
Investment Highlights
- Regional Multi Location Eyecare Platform: The tenant, Midwest Eye Services LLC, operates a multi location eyecare and optical platform across IN & OH
- High Visibility Corporate Park: Anna Dean Professional Park where the property is located has easy access
- 7 Miles South of Akron, Ohio: The property is 7 miles from downtown Akron and has easy access to the major metropolitan area
- Located in Medical Corridor Near Summa Health System Barberton Campus
- Densely Populated Area: The 5-mile population surrounding the property totals over 105,000 people
- Hands Off NNN Lease: The lease is triple net, with the tenant responsible for all operating expenses and taxes
Executive Summary
Broker of Record
Matt Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matt Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leasehold)
Property Type
Office
Property Subtype
Building Size
6,264 SF
Building Class
B
Year Built
2001
Price
$1,251,885
Price Per SF
$199.85
Cap Rate
8.25%
NOI
$103,281
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,264 SF
Slab To Slab
9’
Opportunity Zone
Yes
Parking
20 Spaces (3.19 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
- Smoke Detector
1 1
Property Taxes
| Parcel Number | 01-16040 | Improvements Assessment | $178,773 |
| Land Assessment | $5,481 | Total Assessment | $184,254 |
Property Taxes
Parcel Number
01-16040
Land Assessment
$5,481
Improvements Assessment
$178,773
Total Assessment
$184,254
Contacts
-
Kyle Mackulak -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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Midwest Eye Consultants | 31 Conservatory Dr
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