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Kelso Medical Building-Contig Lots & Parking 1365 Kelso Dr 6,400 SF 61% Leased Office Building Kent, OH 44240 $1,522,400 CAD ($237.87 CAD/SF)
Investment Highlights
- Suite 1: ±3,624 SF - office space (currently leased to the Cleveland Clinic)
- Suite 2: ±2,519 SF - unfinished office space
- Gross Annual Rental Income: $54,000
Executive Summary
This rare freestanding two-unit, 6,144 SF office building sits on 1.61 acres and is partially leased to the Cleveland Clinic, making it ideal for an owner-occupier. The property offers 2,544 SF of space available for lease or owner use. The Cleveland Clinic lease runs through December 31, 2026, with two additional two-year renewal options extending through December 31, 2032, and includes a 120-day termination right. The existing lease generates $54,000 in annual rent, with the tenant covering 59% of taxes, insurance, and common area costs, and also includes a first right of refusal on the adjacent available space.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
6,400 SF
Building Class
B
Year Built
2008
Price
$1,522,400 CAD
Price Per SF
$237.87 CAD
Percent Leased
61%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,400 SF
Building FAR
0.09
Lot Size
1.60 AC
Zoning
Town Center- Mixed Use - Zoning: TC (Town Center)
Parking
66 Spaces (6.66 Spaces per 1,000 SF Leased)
Amenities
- Property Manager on Site
- Security System
- Signage
- Central Heating
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
- $20.77 CAD
- Triple Net
- Jan 2027
La Cleveland Clinic est à l'avant-garde de la médecine moderne lorsque ses fondateurs l'ouvrent en 1921 en tant que cabinet de groupe multispécialités. Au cours de son premier siècle, la Cleveland Clinic a lancé de nombreuses premières médicales, ouvert des installations dans le monde entier et est fière d'être classée parmi les meilleurs hôpitaux du pays. Aujourd'hui, un siècle plus tard, la vision des fondateurs demeure la mission de la Cleveland Clinic : prendre soin de la vie, faire de la recherche pour la santé et éduquer ceux qui servent.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | $20.77 CAD | Triple Net | Jan 2027 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 04-032-00-00-054-005 | Improvements Assessment | $273,992 CAD |
| Land Assessment | $41,784 CAD | Total Assessment | $315,776 CAD |
Property Taxes
Parcel Number
04-032-00-00-054-005
Land Assessment
$41,784 CAD
Improvements Assessment
$273,992 CAD
Total Assessment
$315,776 CAD
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Kelso Medical Building-Contig Lots & Parking | 1365 Kelso Dr
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