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165 Smokerise Dr 30,248 SF 100% Leased Office Building Wadsworth, OH 44281 $7,603,750 CAD ($251.38 CAD/SF) 8.50% Cap Rate

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EXECUTIVE SUMMARY

100% occupied 30,248 SF NNN office investment (lease expires March 31, 2030).
Built in 1989 and renovated in 2019; new roof installed in 2019.
The tenant, CDM Smith Inc., is an American engineering and construction company with over 6,000 employees in 131 offices—85 of those being in the United States.
140 surface parking spaces.
Wadsworth, Ohio is one of the fastest growing cities in northeast Ohio with huge potential for business growth.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Office
Building Size
30,248 SF
Building Class
B
Year Built/Renovated
1989/1998
Price
$7,603,750 CAD
Price Per SF
$251.38 CAD
Cap Rate
8.50%
NOI
$646,319 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,092 SF
Building FAR
0.19
Lot Size
3.74 AC
Zoning
C-3
Parking
140 Spaces (5.74 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -

CDM Smith is a privately held engineering and construction firm headquartered in Boston, Massachusetts. Founded in 1947, the company provides integrated services in water, environment, transportation, energy, and facilities for public and private clients worldwide. CDM Smith offers planning, design, consulting, and program management, with expertise in emerging areas such as PFAS remediation, lead pipe replacement, and digital infrastructure solutions. The firm operates as an employee-owned company and has expanded globally through strategic acquisitions, including Wilbur Smith Associates in 2011 and Milestone Solutions in 2021. CDM Smith also launched Trinnex in 2022 to deliver digital services and software for municipal clients. The company remains focused on delivering sustainable infrastructure solutions and leveraging technology to address complex environmental and engineering challenges.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Professional, Scientific, and Technical Services - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
040-20A-03-180
Land Assessment
$246,161 CAD
Improvements Assessment
$1,854,902 CAD
Total Assessment
$2,101,063 CAD
  • Listing ID: 34254870

  • Date on Market: 2024-12-20

  • Last Updated:

  • Address: 165 Smokerise Dr, Wadsworth, OH 44281

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