4261 Fulton Parkway
Office | 60,860 SqFt
Marketing description
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
Investment highlights
Cuyahoga County has an investment grade credit rating of Aa2 by Moody’s and is the largest county in the state of Ohio. The county recently consolidated several of their operations to this location showing their commitment to this site. In addition, the county has leased space in this building since 2007. All of the parking lot lights were recently replaced with LED fixtures, several HVAC units were replaced, and the interior lobby received updates which included carpet replacement and updated paint.
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