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695 Boston Mills Rd 43,000 SF Office Building Hudson, OH 44236 $12,250,000 ($284.88/SF) 6.38% 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 (through 2040)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.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
43,000 SF
Building Class
B
Year Built
2021
Price
$12,250,000
Price Per SF
$284.88
Cap Rate
6.38%
NOI
$781,740
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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Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
Map
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Contact the Sale Advisor
695 Boston Mills Rd