Share This Listing

Message

960 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

375 Glensprings Dr
Springdale, OH 45246
Office Property For Sale

Save this listing!

Favourite this listing to get notified of price updates, new media and more

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

PROPERTY TAXES

Parcel Number
599-0050-0229
Land Assessment
$269,806 CAD
Improvements Assessment
$276,697 CAD
Total Assessment
$546,503 CAD
  • Listing ID: 38732288

  • Date on Market: 2025-12-10

  • Last Updated:

  • Address: 375 Glensprings Dr, Springdale, OH 45246

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}