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32875 Solon Rd 13,480 SF 100% Leased Office Building Solon, OH 44139 $4,903,675 CAD ($363.77 CAD/SF) 6.64% Cap Rate
Investment Highlights
- Anchored by Apex Dermatology since 2013 — 15-location regional dermatology practice
- Immediate rental income from established medical tenant offsets carrying costs
- Health Care is Solon's largest employment sector at 2,429 employees
- Approx 8,197 SF available for owner occupancy following anchor departure
- Building shell supports future second-floor buildout for long-term expansion
- 25 bath fixtures & package HVAC — infrastructure suited to multi-suite medical use
Executive Summary
Approx 8,197 SF available for owner occupancy following KW's departure — ideal for medical, dental, therapy, or professional user seeking to occupy their own building while collecting income from an established medical tenant. Existing build-out: approximately 14 private offices in varying sizes, one large conference/training room, reception, central open workspace w/ multiple workstations, kitchen, copy room, & multiple storage rooms. Flexible configuration suitable for build-out to accommodate medical, professional, or corporate uses.
Expansion potential: shell & structural capacity support future second-floor buildout, offering meaningful long-term expansion capability.
Single-story Class B, renovated 2010, on 1.183 acres w/ 170 ft frontage on Solon Rd & prominent monument signage. 66 parking spaces (4.85 per 1,000 SF) support medical use w/ strong patient & staff capacity. 25 bath fixtures, package HVAC, & public utilities — infrastructure suited to multi-suite medical or professional use.
Direct access to Solon Rd, Bainbridge Rd, & Aurora Rd (37,339 combined VPD), w/ US-422 under 1 mile north (72,015 VPD) connecting to I-271 & I-480. Cleveland Hopkins Airport 21 mi west, Downtown Cleveland 18 mi northwest.
One of NE Ohio's premier suburban submarkets. Solon median HHI 139,089 dollars, avg HHI 186,473 dollars (Census 2024). Health Care & Social Assistance is Solon's largest employment sector at 2,429 employees. Surrounded by major employers: Swagelok, Nestle, Cleveland Clinic Solon, CVS Caremark, Pentair, & MRI Software.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$336,941
|
$24.78
|
| Other Income |
$101,663
|
$7.48
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$438,604
|
$32.25
|
| Taxes |
$53,465
|
$3.93
|
| Operating Expenses |
$59,304
|
$4.36
|
| Total Expenses |
$112,769
|
$8.29
|
| Net Operating Income |
$325,835
|
$23.96
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $336,941 |
| Annual Per SF | $24.78 |
| Other Income (CAD) | |
|---|---|
| Annual | $101,663 |
| Annual Per SF | $7.48 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $438,604 |
| Annual Per SF | $32.25 |
| Taxes (CAD) | |
|---|---|
| Annual | $53,465 |
| Annual Per SF | $3.93 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $59,304 |
| Annual Per SF | $4.36 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $112,769 |
| Annual Per SF | $8.29 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $325,835 |
| Annual Per SF | $23.96 |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
Le développement d'American Title Solutions repose sur une vision claire de ce qu'ils veulent devenir. Dans le cadre du processus de planification et de développement, ils ont clairement défini leur mission et leurs valeurs. Être le partenaire de confiance des professionnels de l'immobilier en utilisant une communication constante pour anticiper et faciliter tous les aspects du processus d'achat d'une maison. Leurs valeurs régissent les décisions concernant le personnel, l'interaction avec les clients, les investissements en capital et la croissance future. American Title Solutions a développé les cinq valeurs fondamentales suivantes qui serviront de filtre à toute prise de décision :
-
- Health Care and Social Assistance
- 3,071 SF
- -
- Triple Net
- Dec 2020
Apex est un endroit privilégié pour pratiquer la dermatologie. Leur culture est unique parce qu'ils ont attiré dans la pratique des personnes bienveillantes qui sont animées par un objectif commun : donner aux patients les moyens d'avoir une peau saine. Chez Apex, ils transforment la vie des gens par leur travail. Qu'il s'agisse de rendre un patient exempt de cancer, d'éliminer un patient du psoriasis ou d'améliorer l'acné chez un adolescent, ils donnent aux gens la capacité de prendre le contrôle de leur vie en les aidant à maintenir une peau saine et éclatante. Connaître l'impact de leur travail les motive tous les jours.
-
- Real Estate
- 8,197 SF
- -
- Triple Net
- Sep 2026
Keller Williams est #1 en occupant la première place en termes de nombre d'agents, d'unités et de volume de ventes, KW est une force avec laquelle il faut compter. En tant que foyer où les entrepreneurs prospèrent, leur modèle d'affaires de franchise donne aux agents un avantage technologique, la capacité d'offrir un service à la clientèle inégalé et la possibilité de bâtir de grandes entreprises et des vies encore plus grandes.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Professional, Scientific, and Technical Services | - | - | - | - | |
|
|
Health Care and Social Assistance | 3,071 SF | - | Triple Net | Dec 2020 | |
|
|
Real Estate | 8,197 SF | - | Triple Net | Sep 2026 |
Property Taxes
| Parcel Number | 952-18-007 | Total Assessment | $624,405 CAD |
| Land Assessment | $177,593 CAD | Annual Taxes | $53,465 CAD ($3.97 CAD/SF) |
| Improvements Assessment | $446,813 CAD | Tax Year | 2025 |
Property Taxes
Presented by
32875 Solon Rd
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