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Suburban Professional Building 111 Stow Ave 15,842 SF 100% Leased Office Building Cuyahoga Falls, OH 44221 $2,076,750 CAD ($131.09 CAD/SF) 7.48% Cap Rate
EXECUTIVE SUMMARY
The Subject Property is a well maintained 15,842 SF two story office building. The building also
includes an elevator and a 3,830 SF basement. The property is located on the newly redeveloped
Front Street in Cuyahoga Falls. The property is within minutes of State Route 8 for superior
access to the Akron, Canton, and Cleveland marketplaces.
This property is 100% leased with a mix of short and long term tenants. The anchor tenant that
occupies half the building, has three years remaining on their term. Currently, the anchor tenant is
in the process of investing $160K-$180K into their space for a full remodel which includes key fob
access for the entire building. The surrounding area includes retail, restaurant amenities, with
ample city parking surface lots and decks.
Please email Graydon (graydon.fox@svn.com) or Brian (brian.foster@svn.com) for the offering memorandum.
includes an elevator and a 3,830 SF basement. The property is located on the newly redeveloped
Front Street in Cuyahoga Falls. The property is within minutes of State Route 8 for superior
access to the Akron, Canton, and Cleveland marketplaces.
This property is 100% leased with a mix of short and long term tenants. The anchor tenant that
occupies half the building, has three years remaining on their term. Currently, the anchor tenant is
in the process of investing $160K-$180K into their space for a full remodel which includes key fob
access for the entire building. The surrounding area includes retail, restaurant amenities, with
ample city parking surface lots and decks.
Please email Graydon (graydon.fox@svn.com) or Brian (brian.foster@svn.com) for the offering memorandum.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
15,842 SF
Building Class
B
Year Built/Renovated
1974/2010
Price
$2,076,750 CAD
Price Per SF
$131.09 CAD
Cap Rate
7.48%
NOI
$155,364 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,921 SF
Slab To Slab
10’
Building FAR
1.58
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
MU-6, Downtown
AMENITIES
- Air Conditioning
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 02-02854 | Improvements Assessment | $348,299 CAD |
| Land Assessment | $26,270 CAD | Total Assessment | $374,568 CAD |
PROPERTY TAXES
Parcel Number
02-02854
Land Assessment
$26,270 CAD
Improvements Assessment
$348,299 CAD
Total Assessment
$374,568 CAD
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Suburban Professional Building | 111 Stow Ave
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