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Kelso Medical Building-Contig Lots & Parking 1365 Kelso Dr 6,400 SF 61% Leased Office Building Kent, OH 44240 $1,345,684 CAD ($210.26 CAD/SF)

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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.

1365 Kelso Dr. Brochure 5.14.26R

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

6,400 SF

Building Class

Year Built

2008

Price

$1,345,684 CAD

Price Per SF

$210.26 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)

Property Manager on Site
Security System

Signage

Central Heating

Air Conditioning

Major Tenants

Health Care and Social Assistance
-
$21.26 CAD
Triple Net
Jan 2027

Cleveland Clinic began in 1921 as a multi-specialty group practice in Cleveland, Ohio, founded by four physicians and built around patient care, cooperation and medical education. The company now operates as a nonprofit academic medical centre that combines clinical and hospital care with research, education and health information services, while also supporting digital access, care navigation and specialist-led institutes across a broad range of medical disciplines. Cleveland Clinic serves patients through a wide network of hospitals, outpatient facilities and care programmes, and continues to focus on teaching, research and complex medical treatment within a large integrated health system.