2221 Brookpark Road,Parma, OH 44134
Parma, OH 44134
Description
DON'T MISS THIS COMMERCIAL TRIPLE NET (NNN) ALL BRICK 2 STORY INVESTMENT!! This 2-story commercial property sits on one of Cleveland's highest traffic streets. Great visibility! This property boasts about $53,000 Gross Annual w/ 10.8% CAP. 2 suites w/ ~10,800 + sq feet retail/office and 3500+ sq feet open storage space in basement accessed by main floor unit and includes 6 off street parking spaces up front. This fully occupied turnkey investment is triple Net tenancy with $4,400 Mo/ $49,200 Annual Income. This low - to no maintenance asset is prime to add value and cash flow w/ no management and/or low maintenance to your portfolio. 1st Floor - Occupants: Main Floor - established Tabacco and Vape Retailer - 5-year lease (has been in business for 10 + years and uses the space for warehousing only. 2nd Floor occupant - A well established and growing commercial photography / digital imaging company. (Lease has 2 years left) - Property Taxes - $3,743 - Insurance - $1,734 Annually Each occupant has the balance of their lease with 5 and 2-year options respectively. No Delinquencies or back rents. Tenants pay for all utilities and maintenance. Deposits in escrow for all units.
Details
| MLS # | 5208415 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 101 |
| Listing Provided By | Keller Williams Citywide | James P Matheos |
Features
| SQ Feet | 9,600 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 2 |
| Zoning | Commercial |
| Acreage | 0.11 |
Parking
| Parking Features | Concrete, On Site, Paved, Parking Lot, Private |
|---|
Taxes
| Tax Annual Amount | 3535 |
|---|
Area Information
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Parma |
| Zip Code | 44134 |
| Community Name | Brookview |
| Listing VS Median (in Brookview) | |
Price: $439,000 low | high Med: $319,500 sqft: 9,600 low | high Med: 5,612 $ / sqft: $46 low | high Med: $84 On site: 101 low | high Med: 68 | |
Market Activity 44134
Request a showing
Request a showing
Contact
Learn More About This Property
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Parma |
| Zip Code | 44134 |
| Community Name | Brookview |
| Listing VS Median (in Brookview) | |
Price: $439,000 low | high Med: $319,500 sqft: 9,600 low | high Med: 5,612 $ / sqft: $46 low | high Med: $84 On site: 101 low | high Med: 68 | |