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21983516
21983517

6555 Dean Memorial Pkwy, Hudson, OH 44236 For Sale

GD
OH SAL.2024003376
The Masica Company
Listed by The Masica Company
$3,295,000
514 days on market
Updated 34 days ago

6555 Dean Memorial Parkway

Details
APN 1300961 & 1300892
Property Type Office
Sub Type Executive Office
Square Footage 21,682
Units 2
Cap Rate 9.32%
NOI $307,104
Occupancy 100%
Broker Co-Op Yes
Class A
Year Built 1976
Year Renovated 2016, 2019, 2020
Buildings 1
Stories 1
Acreage 3.084
Zoning Retail Business
Parking Spaces 54 spaces
Parking per 1,000 SqFt 2.49
Investment Type Core
Sale Condition Sale for leaseback

Office | 9.32% CAP | 21,682 SqFt

Marketing description

Explore the exceptional investment opportunity at 6555 Dean Memorial Parkway, a premier 21,682 SF office building with 18,170 SF of Class A office and and additional 3,512 SF of heated storage space. Built in 1976 and meticulously renovated in 2016, 2019, and 2020, this property offers modern amenities and features to meet the needs of discerning tenants. Zoned Retail Business and boasting 100% occupancy, the property is a testament to its strong rental history and established, stable tenant base. With ample parking, high visibility, and proximity to major transportation routes, this property presents a compelling prospect for office building investors seeking a lucrative and well-maintained commercial real estate opportunity. Your investment can be passive, owner-occupied, and with future development opportunities. This Investment offers Sale to Leaseback as preferred by the Seller.

The Tenant is a well-established legal practice with over 25 years of continuous operation and a multi-generational ownership structure, now entering its third generation of family leadership. The firm has built a strong reputation for client-focused representation in matters involving workplace injuries and serious illness, supported by a hands-on, service-driven approach. This long-standing operational history and family continuity reflect a durable business model and deep-rooted commitment to its location, positioning the Tenant as a stable, reliable occupant in a sale-leaseback structure.

Discover the vibrant surroundings of 6555 Dean Memorial Parkway, located in the dynamic Boston Heights, OH. This thriving area offers convenient access to major highway and transportation routes including State Route 8 (direct access to property from Hines Hill Rd Exit), Interstate 271, and The Ohio Turnpike, making it an ideal location for an office or office building investment. Nearby points of interest include the picturesque Cuyahoga Valley National Park, providing opportunities for outdoor recreation, as well as the large retail footprints of nearby Costco (.2 miles) and RT 8 and RT 82 in nearby Macedonia (5 miles). With its strategic positioning, this location presents a compelling opportunity for commercial real estate investment.


Investment highlights

  • Gross Income: $363,400.00
  • Operating Expenses: $56,296.38
  • NOI: $307103.62
  • Cap: 9.32
  • 18,170 SF Office Building and 3512 SF of Storage Space
  • Built in 1976, renovated in 2016, 2019, 2020
  • Zoned Retail Business
  • Prime location in Boston Heights
  • 100% occupancy
  • Modern amenities and features
  • Well-maintained and updated
  • Strong rental history
  • Ample parking for tenants and visitors
  • High visibility and accessibility
  • Proximity to major transportation routes
  • Established and stable tenant base

Listing Contacts

GD
OH SAL.2024003376
The Masica Company
Listed by The Masica Company

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$307,103.62
$25,591.97/mo

Valuation Metrics

0
DSCR
9.32%
Cap Rate
9.32%
ROI

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Additional Information

Name
Greg DiGeronimo
License
SAL.2024003376
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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