6929 W 130th St
Parma Heights, OH 44130
Southland Plaza · Office Property For Sale

Medical/Office Bldg.|$30/SF|Upside Deal (78% Occ.) The Cooper Commercial Investment Group has been exclusively retained by ownership to sell the 100% fee simple interest in Southland Plaza located in heart of the business corridor of Parma Heights, Ohio. The property is being offered at an extremely low price point of $30/S.F. equal to $1,335,000. The well-kept 78% occupied, 44,255 S.F. office building boasts a great mix of well-known local and regional medical tenants. A significant amount of the tenants have been at Southland Plaza for many years creating a strong customer base resulting in the tenants desire to remain committed to their location. Furthermore, many of these tenants have recently extended their leases proving their consistent success at the location, while over 20% of the building was recently leased creating further stability to the rent roll. The new lease signings exemplify the desire to be located in the heart of the business corridor. The property still offers significant upside potential with the lease-up of the remaining 22% of the building. Situated in Northeast Ohio, the City of Parma Heights is centrally located just 16 miles southwest of downtown Cleveland just off I-71; a main north/south highway running from Cleveland through Columbus. Its geographic position places Parma Heights within 500 miles of 50% of the population of the U.S. and Canada, 50% of retail sales, and over 65% of all U.S. payroll dollars. Southland Plaza is in a convenient location, near four major intersections, including: Smith Road and Pearl Road, Smith Road and West 130th, West 130th and Pearl Road, and West 130th and East Bagley Road. The city also enjoys easy access to three major interstate highways, all within 3 miles of the subject property, including I-71, I-480, and I-80 (the Ohio Turnpike). Interstate 71 offers the property access to other major interstates, state routes, and U.S. routes, connecting Parma Heights with surrounding communities in every direction. Additionally, Parma Heights is within close proximity to Cleveland Hopkins International Airport, just three miles northwest.