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7 Class A Units - 94% Occupied 7 Condos Offered at $3,400,000 in Multiple Locations

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INVESTMENT HIGHLIGHTS

  • High-visibility corridors with traffic counts over 17,000
  • Current NOI of $277,559 with upside potential
  • Prime location near Western Reserve Road and I-680
  • Established professional setting with ample parking

EXECUTIVE SUMMARY

Rare opportunity to acquire seven Class A office units strategically positioned in the thriving Boardman, OH market. This well-curated collection of office condos combines strong in-place income with exceptional upside potential, offering investors a current cap rate of 8.2% and a proforma of 8.6%. With 94% occupancy and a total NOI of $277,559, the portfolio delivers immediate cash flow supported by a diverse tenant mix.
Each property benefits from prime visibility along high-traffic corridors, including Western Reserve Road and South Avenue, with daily counts exceeding 17,000 vehicles. Proximity to I-680 ensures seamless regional connectivity, while surrounding amenities—restaurants, retail centers, and professional services—enhance tenant convenience and long-term retention. Built between 1995 and 2001, these units feature modern layouts, ample surface parking, and professional finishes suited for a variety of office users.
Boardman’s dynamic business environment, strong demographics, and accessibility to Youngstown and the greater Northeast Ohio region make this portfolio an ideal choice for investors seeking stability and growth. Whether held for income or repositioned for future appreciation, Southwestern Place stands out as a premier office investment in a market with proven resilience and demand.

PROPERTY FACTS

Price $3,400,000
Price / SF $118.91 / SF
Sale Condition Bulk/Portfolio Sale
Cap Rate 8.16%
Sale Type Investment
Status Active
Number of Properties 7
Individually For Sale 0
Total Building Size 28,592 SF
  • Listing ID: 34960238

  • Date on Market: 2/27/2025

  • Last Updated:

  • Address: 7 Class A Units - 94% Occupied, Youngstown, OH

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