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12833164
12833163

4261 Fulton Pkwy, Cleveland, OH 44144 For Lease

RM
OH SAL.2014002730
Cushman & Wakefield CRESCO Real Estate
KP
OH SAL.221004429
Cushman & Wakefield CRESCO Real Estate
ZM
OH SAL.2023003212
Cushman & Wakefield CRESCO Real Estate
RP
OH BRK.2016000871
Cushman & Wakefield CRESCO Real Estate
Listed by Cushman & Wakefield CRESCO Real Estate
$16.65/SF/YR
92 days on market
Updated 92 days ago

4261 Fulton Pkwy

Building Details
Property Type Office
Sub Type Coworking, Medical Office
Tenancy Single
Lease Type NNN
Total Building SqFt 58,642
Vacant SqFt 58,642
Year Built 1953

Spaces

$16.65/RSF NNN

Office | Single tenant | 58,642 SqFt

Building description

Cushman & Wakefield | CRESCO Real Estate is pleased to present the opportunity to acquire a 100% fee-simple interest in 4261 Fulton Pkwy, Cleveland Ohio 44144. The subject property is a 58,642 square foot office building situated on 4.05 acres of land in Cleveland Ohio.

The property is leased in its entirety to Cuyahoga County which houses a division of Cuyahoga County's Department of Employment and Family Services. Cuyahoga County has an investment grade credit rating of Aa2 making the investment even more secure and attractive. The building currently houses 225 daily employees and sees 750 + visitors each day. In recent years Cuyahoga County consolidated several operations to this location showing their long-term commitment to this site.

This asset offers an investor the opportunity to acquire and control a large site that is leased to a recession resistant, government backed tenant with investment grade credit. The property offers long-term stabilized cash flow and is being offered at a generous return in today's environment.

Cushman & Wakefield | CRESCO Real Estate is pleased to present the opportunity to acquire a 100% fee-simple interest in 4261 Fulton Parkway, Cleveland, Ohio 44144. This 58,642-square-foot office building is situated on 4.05 acres of land and is fully leased to Cuyahoga County, which uses the space for a division of its Department of Employment and Family Services. With an investment-grade credit rating of Aa2, Cuyahoga County provides a secure and attractive tenancy. The building currently accommodates 225 daily employees and receives over 750 visitors each day. The County’s recent consolidation of several operations at this location underscores its long-term commitment to the site. This asset presents investors with the opportunity to acquire a large, stable property leased to a recession-resistant, government-backed tenant, offering long-term, stabilized cash flow and an attractive return in the current market environment.

Building highlights

  • Investment grade credit rating
  • Long term commitment to site
  • Recession proof tenancy
  • Sticky tenant
  • Asset size & acreage
  • Capital improvements

Listing Contacts

RM
OH SAL.2014002730
Cushman & Wakefield CRESCO Real Estate
KP
OH SAL.221004429
Cushman & Wakefield CRESCO Real Estate
ZM
OH SAL.2023003212
Cushman & Wakefield CRESCO Real Estate
RP
OH BRK.2016000871
Cushman & Wakefield CRESCO Real Estate
Listed by Cushman & Wakefield CRESCO Real Estate

Property History

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Additional Information

Name
Robby Martinelli
License
SAL.2014002730
Name
Kirsten Paratore
License
SAL.221004429
Brokerage
Cresco Ltd.
Title
Real Estate Brokerage
Brokerage Address
6100 Rockside Woods Boulevard North
Name
Zaire Morrison
License
SAL.2023003212
Brokerage Address
6100 Rockside Woods Boulevard North
*All information is deemed reliable but not guaranteed. Lessee to verify all information.
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