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11851 Detroit Ave 5,240 SF Office Building Lakewood, OH 44107 $3,406,921 CAD ($650.18 CAD/SF) 6.85% Cap Rate
Executive Summary
--Great NNN medical investment opportunity with a quality tenant.
--Just under 4 years left on the lease with a 3 year option. Current rent is $13,100 until Feb 2027 (CAP rate 6.4). $13,973 until Feb 2030 (CAP rate 6.85). The option period is $14,846 until Feb 2033 (CAP rate 7.27)
-- private surface parking with 26 spots
--Prime location in Lakewood near the corner of Detroit and 117th.
--Just under 4 years left on the lease with a 3 year option. Current rent is $13,100 until Feb 2027 (CAP rate 6.4). $13,973 until Feb 2030 (CAP rate 6.85). The option period is $14,846 until Feb 2033 (CAP rate 7.27)
-- private surface parking with 26 spots
--Prime location in Lakewood near the corner of Detroit and 117th.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
5,240 SF
Building Class
B
Year Built
2006
Price
$3,406,921 CAD
Price Per SF
$650.18 CAD
Cap Rate
6.85%
NOI
$233,374 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,240 SF
Building FAR
0.33
Lot Size
0.36 AC
Zoning
C3
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 315-13-012 | Improvements Assessment | $846,328 CAD |
| Land Assessment | $45,604 CAD | Total Assessment | $891,932 CAD |
Property Taxes
Parcel Number
315-13-012
Land Assessment
$45,604 CAD
Improvements Assessment
$846,328 CAD
Total Assessment
$891,932 CAD
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Presented by
Wra Partners Llc
11851 Detroit Ave
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