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North Randall Center | North Randall, OH 4838 Northfield Rd 13,500 SF 100% Leased Retail Building Cleveland, OH 44128 $1,880,000 ($139.26/SF) 9% Cap Rate
Investment Highlights
- NORTH RANDALL CENTER – 100% OCCUPIED 2-TENANT STRIP CENTER
- ANCHORED BY RANDALL PARK HIGH SCHOOL
- STRATEGIC LOCATION
- TRIPLE NET (NNN) LEASE STRUCTURE
- STRONG TRAFFIC COUNTS – LOCATED NEXT TO MAJOR HIGHWAY
- CLEVELAND MSA
Executive Summary
PRICING: $1,880,000
CAP RATE: 9.00%
NOI: $169,212
TENANTS: 2
BUILDING SIZE: 13,500 SF
CAP RATE: 9.00%
NOI: $169,212
TENANTS: 2
BUILDING SIZE: 13,500 SF
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,500 SF
Building Class
B
Year Built
1984
Price
$1,880,000
Price Per SF
$139.26
Cap Rate
9%
NOI
$169,212
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
1.13 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
51 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
218’ on Northfield Rd
Nearby Major Retailers
Property Taxes
| Parcel Number | 771-08-011 | Improvements Assessment | $330,680 |
| Land Assessment | $51,625 | Total Assessment | $382,305 |
Property Taxes
Parcel Number
771-08-011
Land Assessment
$51,625
Improvements Assessment
$330,680
Total Assessment
$382,305
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North Randall Center | North Randall, OH | 4838 Northfield Rd
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