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375 Glensprings Dr
Springdale, OH 45246
Office Property For Sale


INVESTMENT HIGHLIGHTS
- Positioned just off I-275 in the heart of the highly trafficked Tri-County retail hub
- Large surface parking field and multiple ingress/egress points to support high customer convenience
- Flexible layout suitable for a wide range of uses
EXECUTIVE SUMMARY
The offering consists of a ±36,000 square-foot office building in the heart of the Tri-County market. The property is positioned just off I-275 along a high-visibility commercial corridor and sits directly across from the brand-new Wawa development, a major regional traffic generator. This location benefits from strong daily activity, excellent accessibility, and long-term momentum driven by surrounding retail, medical, and service expansion. The building is occupied by a mix of professional office tenants paying below-market rents, creating a clear value-add opportunity through targeted lease-up, rent growth, and cosmetic or operational enhancements. Its anchor tenant, Velocity Clinical Research, occupies nearly an entire floor and has been in place for more than 20 years, providing exceptional stability and reliable cash flow at approximately $27 per square foot. With durable demand, long-standing tenancy, and meaningful upside through repositioning and rent optimization, this asset offers investors the chance to acquire a well-located office building that delivers both stable in-place income and substantial long-term value creation potential.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
36,496 SF
Building Class
C
Year Built
1977
Price
$1,376,780 CAD
Price Per SF
$37.72 CAD
Cap Rate
6.71%
NOI
$92,320 CAD
Percent Leased
51%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
9,124 SF
Slab To Slab
10’
Building FAR
0.40
Lot Size
2.08 AC
Zoning
Office - Intended to accommodate professional and administrative office uses.
Parking
80 Spaces (2.19 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 599-0050-0229 | Improvements Assessment | $276,697 CAD |
| Land Assessment | $269,806 CAD | Total Assessment | $546,503 CAD |
PROPERTY TAXES
Parcel Number
599-0050-0229
Land Assessment
$269,806 CAD
Improvements Assessment
$276,697 CAD
Total Assessment
$546,503 CAD
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