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8.50% CAP MOB | $98/FT | 3.5 YR WALT | OHIO 390 Robinson Ave 16,836 SF 90% Leased Retail Building Barberton, OH 44203 $1,647,000 ($97.83/SF) 8.50% Cap Rate
Investment Highlights
- Federally Qualified Health Center Anchor: AxessPointe Community Health Centers leases more than 12,200 square feet and represents roughly seventy two
- Clear Value Add Potential: Approximately 1,700 square foot suite is vacant, representing about 10% of the building, with potential to add around thirt
- Strategic Location Near Hospital: Located less than one mile from Summa Health System Barberton Campus, allowing tenants to coordinate care and access
- Complementary Healthcare Tenancy and On-Site Pharmacy: Ascent Audiology and Hearing occupies nearly 3,000 square feet, and an AxessPointe branded phar
- Modern Two-Story MOB: Constructed in 2003, the two-story, class B condominium totals approximately 16,836 SF with elevator access and efficient suite
- Dense Trade Area with Senior Demographics: Five-mile population exceeds 113,000 with an average household income above $60,000, supporting a deep and
Executive Summary
Broker of Record
Matt Wallace
License # REC.2022007141, BRKP.2024002419 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matt Wallace
License # REC.2022007141, BRKP.2024002419 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
16,836 SF
Building Class
B
Year Built
2004
Price
$1,647,000
Price Per SF
$97.83
Cap Rate
8.50%
NOI
$140,003
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.73
Lot Size
0.53 AC
Opportunity Zone
Yes
Frontage
Amenities
- Controlled Access
- Corner Lot
- Freeway Visibility
- Mezzanine
- Pylon Sign
- Signage
- Signalized Intersection
- Skylights
- Skyway
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Ascent Audiology And Hearing
- Retailer
- -
- -
- -
- Axess Family Services Inc
- Professional, Scientific, and Technical Services
- -
- -
- -
- Axesspointe Community Health Center/barberton
- Health Care and Social Assistance
- -
- -
- -
-
- Retailer
- -
- -
- -
For more than 65 years, Ritzman Pharmacy has created a legacy of quality products, professional excellence and service beyond the commonplace. Ritzman Pharmacy is more than just a drug store. It is a familiar and treasured community institution where customers come to receive the caliber of care they can’t find anywhere else. While other drug stores have shifted their focus to become primarily retailers, Ritzman has devoted itself to quality care and healthful living. We take the time to learn our customers’ names and health histories, and provide healthcare recommendations tailored to each individual’s needs.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Ascent Audiology And Hearing | Retailer | - | - | - | ||
| Axess Family Services Inc | Professional, Scientific, and Technical Services | - | - | - | ||
| Axesspointe Community Health Center/barberton | Health Care and Social Assistance | - | - | - | ||
|
|
Retailer | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- D
- 700 SF
- Retail
- -
- Now
- D
- 1,000 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| D | 700 SF | Retail | - | Now |
| D | 1,000 SF | Retail | - | Now |
D
| Size |
| 700 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
D
| Size |
| 1,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-16242 | Improvements Assessment | $354,522 |
| Land Assessment | $8,386 | Total Assessment | $362,908 |
Property Taxes
Parcel Number
01-16242
Land Assessment
$8,386
Improvements Assessment
$354,522
Total Assessment
$362,908
Contacts
-
Kyle Mackulak -
Rahul Chhajed -
Michael Moreno -
Matthews Real Estate Investment Services
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