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33860950
33860951

4367 Rocky River Dr, Cleveland, OH 44135 For Sale

DM
OH BRKP.2007001761
Berkshire Hathaway HomeServices Professional Realty Mason
Berkshire Hathaway HomeServices Professional Realty Dayton
Berkshire Hathaway HomeServices Professional Realty Cleveland
Listed by Berkshire Hathaway HomeServices Professional Realty Mason, Berkshire Hathaway HomeServices Professional Realty Dayton, Berkshire Hathaway HomeServices Professional Realty Cleveland
$585,900
3 days on market
Updated 3 days ago

4367 Rocky River Dr

Details
APN 027-12-005
Property Type Office
Sub Type Traditional Office
Square Footage 6,720
Cap Rate 9.00%
NOI $67,415
Occupancy 100%
Tenancy Multi
Price per SqFt $87
Class B
Year Built 1973
Buildings 1
Acreage 0.480
Zoning Commercial
Parking Spaces 30 spaces
Parking per 1,000 SqFt 4.46
Investment Type Stabilized

Office | 9.00% CAP | 6,720 SqFt

Marketing description

Exceptional investment opportunity in Cleveland's highly sought-after Kamm's Corners district. Ideally positioned just 2 miles from Cleveland Hopkins International Airport, this fully occupied office building offers immediate cash flow with four renovated office suites, all secured by long-term tenants. Designed for passive ownership, the property has been well maintained with improvements completed within the last five years, including a new roof, updated windows, carpeting, and AC system. Ample on-site parking in both front & rear lots, along with adjacent street parking, provides convenience for tenants and visitors alike. With strong visibility, a proven occupancy history, and an attractive 12% cap rate, this turnkey asset presents a rare opportunity to acquire a stabilized income-producing property in one of Cleveland's most desirable commercial corridors.

Investment highlights

  • Exceptional investment opportunity in Cleveland's highly sought-after Kamm's Corners district
  • Ideally positioned just 2 miles from Cleveland Hopkins International Airport
  • Fully occupied office building offers immediate cash flow with four renovated office suites
  • All secured by long-term tenants
  • Designed for passive ownership
  • Property has been well maintained with improvements completed within the last five years, including a new roof, updated windows, carpeting, and AC system
  • Ample on-site parking in both front & rear lots, along with adjacent street parking
  • Strong visibility, a proven occupancy history, and an attractive 12% cap rate
  • Turnkey asset presents a rare opportunity to acquire a stabilized income-producing property in one of Cleveland's most desirable commercial corridors

Listing Contacts

DM
OH BRKP.2007001761
Berkshire Hathaway HomeServices Professional Realty Mason
Berkshire Hathaway HomeServices Professional Realty Dayton
Berkshire Hathaway HomeServices Professional Realty Cleveland
Listed by Berkshire Hathaway HomeServices Professional Realty Mason, Berkshire Hathaway HomeServices Professional Realty Dayton, Berkshire Hathaway HomeServices Professional Realty Cleveland

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$67,415.00
$5,617.92/mo

Valuation Metrics

0
DSCR
11.51%
Cap Rate
11.51%
ROI

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Additional Information

Name
David Mussari
License
BRKP.2007001761
Brokerage
Berkshire Hathaway HomeServices Professional Realty
Brokerage Phone
513-204-9539
Title
Managing Partner/ Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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