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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
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
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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