Highland Medical Center Opportunity
Office | 8.00% CAP | 13,794 SqFt
Marketing description
This well-maintained medical office investment offers stable income with immediate upside through lease-up of one available suite. The building consists of approximately 13,794 square feet on a 1.66-acre site and is currently occupied by four established long-term tenants.
Originally constructed in 1986, the property features durable brick construction, individually heated suites, gas service, a newer flat roof, and abundant parking.
Investors benefit from dependable in-place cash flow while having the opportunity to increase returns through additional occupancy.
Note: The fire supression system is currently undergoing required 5-year recertification. Building will be delivered with certificate completed. Expected completion date end of June.
Investment highlights
- Medical Office Building
- 13,794 SF
- 1.66 Acres
- 50+ Parking Spaces
- 4 Long-Term Tenants
- 1 Vacant Suite Available
- Brick Construction
- Built in 1986
- Newer Flat Roof
- Individual Gas Heating
- Excellent Cleveland Suburban Location
- Value-Add Lease-Up Opportunity
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