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20601053

5445 Detroit Rd, Sheffield Lake, OH 44054

RP
OH BRK.2016000871
Cushman & Wakefield CRESCO Real Estate
JK
OH REC.0000380522
Cushman & Wakefield CRESCO Real Estate
Listed by Cushman & Wakefield CRESCO Real Estate
$2,519,762.91
577 days on market
Updated 37 days ago

Owner/User Investment Opportunity

Details
Property Type Office
Sub Type Creative Office, Medical Office
Square Footage 12,311
Units 5
Cap Rate 7.50%
NOI $188,982
Occupancy 100%
Tenancy Multi
Class A
Year Built 2006
Year Renovated 2024
Stories 2
Acreage 1.250

Office | 7.50% CAP | 12,311 SF

Marketing description

EXECUTIVE SUMMARY

This newer two-story office building, constructed in 2006, presents an exceptional opportunity for owner-users in a thriving and high-traffic location. The property boasts a total rentable building area (RBA) of 12,311 SF, with each floor offering 6,000 SF of flexible space. Its attractive wood frame construction and modern design contribute to its impressive curb appeal, making it a standout asset in the growing area.

Strategically positioned with easy access to I-90, State Route 301, and Lorain County Community College, the property offers convenience and accessibility, key factors for any business. Currently, the building enjoys a strong occupancy rate of 93%, providing a solid income stream and excellent potential for upside. With multi-tenant flexibility and a prime location, this office property is an ideal investment for those seeking a well-maintained, high-visibility office space with significant long-term value.

Investment highlights

PROPERTY HIGHLIGHTS

• Two (2) story newer construction with great curb appeal

• High traffic location in growing area

• Easy access to I-90, S.R. 301 and Lorain County Community College

• Property includes gym with shower

• Great owner/user opportunity

Listing Contacts

RP
OH BRK.2016000871
Cushman & Wakefield CRESCO Real Estate
JK
OH REC.0000380522
Cushman & Wakefield CRESCO Real Estate
Listed by Cushman & Wakefield CRESCO Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$188,982.00
$15,748.50/mo

Valuation Metrics

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DSCR
7.5%
Cap Rate
7.5%
ROI

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