Listed by Signature Associates
$1,900,000
7015 Spring Meadows West Drive
Details
APN 65039
Property Type Office
Sub Type Traditional Office, Medical Office
Square Footage 22,000
Units 7
Cap Rate 9.00%
NOI $171,589
Occupancy 100%
Tenancy Multi
Brand/Tenant Spring Meadows Chiropractic, COFC Logistics
Year Built 1989
Year Renovated 2021
Stories 2
Acreage 1.475
Zoning C-2 General Commercial
Parking Spaces 85 spaces
Parking Per SqFt 3.86
Investment Type Stabilized
Ceiling Height 8.5" to 9"+
7015 Spring Meadows West Drive, Holland, OH 43528
Investment highlights
- On-site owner and property management (managed by Seller).
- Located at traffic light with prominent street signage. New monument sign.
- Less than 1 mile to I-475/US-23 and 4 miles to Ohio Turnpike (I-80/90).
- Close to I-475 & near Ohio Turnpike (80/90), shopping, banking, and restaurants.
- External façade work (paint and brick), windows, ADA doors, and other upgrades completed in 2020-2021.
- Freshly paved parking lot and new landscaping in 2021.
- Timed magnetic locks on common doors, controlled by landlord. Opens at 6 am and locks at 7 pm Monday – Friday and Saturday 9 am – 1 pm. Tenants have full 24-hour access.
- Located in the Holland Springfield JEDZ (Joint Economic Development Zone) and will enable the collection of a 1.5% payroll/earning tax on businesses and individuals who work in the zone.
Listing Contacts
Listed by Signature Associates
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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$171,589.47
$14,299.12/mo
Valuation Metrics
0
DSCR
9.03%
Cap Rate
9.03%
ROI
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