566 Robinson Ave | Barberton, OH 44203
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- LoopNet Team
566 Robinson Ave
Barberton, OH 44203
Akron Children's Hospital | 14 Yr Lease | NN · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Investment Grade Credit Tenant - Akron Children’s Hospital one of the nation's largest nonprofit hospitals, has an AA- Credit rating from Fitch
- 8.96% Cap Rate Provides Above Market Returns -Site provides an attractive cash flow and highly favorable return in today’s interest rate enviornment
- Pediatrics is a Growing Healthcare Specialty - Pediatric healthcare market is projected to expand at a compound annual growth rate (CAGR) of 6.35%
- Rare Long Term Net Lease - The property has 14+ years of base term remaining on the lease, giving investors long term security
- Densely Populated - 5-mile population surrounding the property totals over 106,000 people, and the average household income is over $60,000 per year
- Located in Medical Corridor Summa Health System Barberton Campus - Property is strategically located near the Summa Health System Barberton Campus
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
10,092 SF
Building Class
C
Year Built
1974
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,092 SF
Slab To Slab
10’
Building FAR
0.15
Lot Size
1.57 AC
Zoning
Commercial
Parking
52 Spaces (5.15 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 01-11454 | Improvements Assessment | $263,925 |
| Land Assessment | $32,970 | Total Assessment | $296,895 |
PROPERTY TAXES
Parcel Number
01-11454
Land Assessment
$32,970
Improvements Assessment
$263,925
Total Assessment
$296,895
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