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435 Griswold Rd
Elyria, OH 44035
Office Property For Sale
Investment Highlights
- Fully occupied, single-tenant investment.
- Recent lease renewal executed at the beginning of the year.
Executive Summary
435 Griswold Rd, Elyria, OH 44035-2304 presents an opportunity to acquire a fully occupied investment property leased to a long-term, stable childcare operator. The tenant has demonstrated consistent occupancy and operational continuity at the site and has recently executed a fresh lease renewal at the beginning of the year, reinforcing income stability for the next ownership period.
The property benefits from a single-tenant structure with a mission-driven use, offering reliable cash flow and minimal management requirements. This asset is well-suited for investors seeking a stabilized property with an established tenant and predictable performance.
The property benefits from a single-tenant structure with a mission-driven use, offering reliable cash flow and minimal management requirements. This asset is well-suited for investors seeking a stabilized property with an established tenant and predictable performance.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,860 SF
Building Class
B
Year Built/Renovated
1978/2018
Price
$1,962,363 CAD
Price Per SF
$286.06 CAD
Cap Rate
7.50%
NOI
$147,176 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,860 SF
Building FAR
0.13
Lot Size
1.20 AC
Zoning
Business
Parking
56 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
Property Taxes
| Parcel Number | 06-23-016-102-049 | Improvements Assessment | $235,989 CAD |
| Land Assessment | $54,548 CAD | Total Assessment | $290,537 CAD |
Property Taxes
Parcel Number
06-23-016-102-049
Land Assessment
$54,548 CAD
Improvements Assessment
$235,989 CAD
Total Assessment
$290,537 CAD
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