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695 Boston Mills Rd 43,000 SF Office Building Hudson, OH 44236 $12,900,000 ($300/SF) 6% Cap Rate
Investment Highlights
- Large boardroom - 18+ seats
- Two conference rooms (with retractable demising wall)
- Outdoor walking path
- Large lunchroom
- Fitness room
- 235 parking spaces
Executive Summary
The buyer of this passive investment will receive an Absolute NNN offering with no landlord responsibilities. The market rent 15-year lease gives the buyer annual increases of 2%
throughout the term with one option for an additional 5 years. Along with the absolute NNN lease the buyer will attain a 43,000 square foot state of the art office building on a
corporate campus of 44.18 acres.
throughout the term with one option for an additional 5 years. Along with the absolute NNN lease the buyer will attain a 43,000 square foot state of the art office building on a
corporate campus of 44.18 acres.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
43,000 SF
Building Class
B
Year Built
2021
Price
$12,900,000
Price Per SF
$300
Cap Rate
6%
NOI
$774,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
21,500 SF
Building FAR
0.02
Lot Size
44.18 AC
Parking
235 Spaces (5.47 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
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Property Taxes
| Parcel Numbers | Improvements Assessment | $2,524,711 | |
| Land Assessment | $604,650 | Total Assessment | $3,129,361 |
Property Taxes
Parcel Numbers
Land Assessment
$604,650
Improvements Assessment
$2,524,711
Total Assessment
$3,129,361
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695 Boston Mills Rd
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