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6555 Dean Memorial Pky 18,170 SF 100% Leased Office Building Hudson, OH 44236 $4,599,557 CAD ($253.14 CAD/SF) 9.32% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 18,170 SF Office Building and 3512 SF of Storage Space
  • Zoned Retail Business
  • 100% occupancy
  • Built in 1976, renovated in 2016, 2019, 2020
  • Prime location in Boston Heights
  • Well-maintained and updated

EXECUTIVE SUMMARY

Explore the exceptional investment opportunity at 6555 Dean Memorial Parkway, a premier 21,682 SF office building with 18,170 SF of Class A office and and additional 3,512 SF of heated storage space. Built in 1976 and meticulously renovated in 2016, 2019, and 2020, this property offers modern amenities and features to meet the needs of discerning tenants. Zoned Retail Business and boasting 100% occupancy, the property is a testament to its strong rental history and established, stable tenant base. With ample parking, high visibility, and proximity to major transportation routes, this property presents a compelling prospect for office building investors seeking a lucrative and well-maintained commercial real estate opportunity. Your investment can be passive, owner-occupied, and with future development opportunities.
Discover the vibrant surroundings of 6555 Dean Memorial Parkway, located in the dynamic Boston Heights, OH. This thriving area offers convenient access to major highway and transportation routes including State Route 8 (direct access to property from Hines Hill Rd Exit), Interstate 271, and The Ohio Turnpike, making it an ideal location for an office or office building investment. Nearby points of interest include the picturesque Cuyahoga Valley National Park, providing opportunities for outdoor recreation, as well as the large retail footprints of nearby Costco (.2 miles) and RT 8 and RT 82 in nearby Macedonia (5 miles). With its strategic positioning, this location presents a compelling opportunity for commercial real estate investment.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $507,277 $27.92
Other Income - -
Vacancy Loss - -
Effective Gross Income $507,277 $27.92
Taxes - -
Operating Expenses - -
Total Expenses $78,585 $4.32
Net Operating Income $428,693 $23.59

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $507,277
Annual Per SF $27.92
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $507,277
Annual Per SF $27.92
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $78,585
Annual Per SF $4.32
Net Operating Income (CAD)
Annual $428,693
Annual Per SF $23.59

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
18,170 SF
Building Class
C
Year Built/Renovated
1982/2009
Price
$4,599,557 CAD
Price Per SF
$253.14 CAD
Cap Rate
9.32%
NOI
$428,679 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
18,170 SF
Building FAR
0.14
Lot Size
3.08 AC
Zoning
RB-Retail Business
Parking
58 Spaces (5 Spaces per 1,000 SF Leased)

AMENITIES

  • Atrium
  • Storage Space
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Bevan Properties Inc
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -
  • FastComp
  • -
  • -
  • $20.94 CAD
  • Modified Gross
  • Jan 2018
  • Jagi North Canton, LLC
  • Accommodation and Food Services
  • -
  • -
  • -
  • -
  • Randazzo Law Offices LLC
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Bevan Properties Inc Professional, Scientific, and Technical Services - - - -
FastComp - - $20.94 CAD Modified Gross Jan 2018
Jagi North Canton, LLC Accommodation and Food Services - - - -
Randazzo Law Offices LLC Professional, Scientific, and Technical Services - - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-00961
Land Assessment
$40,875 CAD (2025)
Improvements Assessment
$122,318 CAD (2025)
Total Assessment
$163,192 CAD (2025)
  • Listing ID: 34903890

  • Date on Market: 2025-02-21

  • Last Updated:

  • Address: 6555 Dean Memorial Pky, Hudson, OH 44236

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