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Building A 5800 Monroe St 8,122 SF 100% Leased Office Building Sylvania, OH 43560 $840,000 ($103.42/SF) 8.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Great investment property at $840,000, 8% cap, 3 long standing tenants that have all expanded. Location in established office park/signalized entry
- Full Property Financials available upon request and a completed confidentiality agreement . Will cooperate with buyer brokers/agents
- Office park is professionally managed. This building currently managed by same property manager as the office park common area.
EXECUTIVE SUMMARY
Office Building 100% Occupancy, 3 long term tenants in a Country Square Office Park. End cap building, all spaces have been renovated and office park at a signalized corner and ample parking in front and back of building Access from both sides. $300,000 plus of tenant improvements since current owner purchased in 2017.
Location is in Sylvania, Ohio, next door to ethe ProMedica Health & Wellness Campus. Across the street from UBS and Sylvania Country Club.
Net rentable area is 8,122 with an additional several hundred feet of common area. Average net rentable rate of $8.28 sq ft well below market rate.
Location is in Sylvania, Ohio, next door to ethe ProMedica Health & Wellness Campus. Across the street from UBS and Sylvania Country Club.
Net rentable area is 8,122 with an additional several hundred feet of common area. Average net rentable rate of $8.28 sq ft well below market rate.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,122 SF
Building Class
B
Year Built
1963
Price
$840,000
Price Per SF
$103.42
Cap Rate
8.01%
NOI
$67,254
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,122 SF
Building FAR
0.12
Lot Size
1.62 AC
Zoning
B-4
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Andy Frain Co
- Administrative and Support Services
-
99,999 SF
- -
- -
- Diana L. Theiss, Phd, LLC
- -
-
99,999 SF
- -
- -
- Vantage Financial Group
- Finance and Insurance
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Andy Frain Co | Administrative and Support Services | 99,999 SF | - | - | ||
| Diana L. Theiss, Phd, LLC | - | 99,999 SF | - | - | ||
| Vantage Financial Group | Finance and Insurance | 99,999 SF | - | - |
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PROPERTY TAXES
| Parcel Number | 82-14073 | Improvements Assessment | $99,540 |
| Land Assessment | $15,120 | Total Assessment | $114,660 |
PROPERTY TAXES
Parcel Number
82-14073
Land Assessment
$15,120
Improvements Assessment
$99,540
Total Assessment
$114,660
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Building A | 5800 Monroe St
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