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24610 Detroit Rd - Teal Place North Unité de condo • Bureau • 5 000 pi² • À vendre 558 308 $ CAD • Westlake, OH 44145



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- Operating and Financials
1 Unité disponible
- Unité
- Taille de l’unité
- Utilisation du condo
- Prix
- Revenu net d’exploitation
| Type de vente | Investissement | Taux de capitalisation | 6,31% |
| Type de vente | Investissement |
| Taux de capitalisation | 6,31% |
Description
Suite au 2e étage d'un complexe de bureaux géré par des professionnels appelé Teal Place.
Notes sur la vente
Rare opportunity to acquire a multi-tenant office condominium in one of Northeast Ohio's most desirable suburban office markets. Located within the professionally managed Teal Place office complex at 24610 Detroit Road in Westlake, this approximately 5,000-square-foot office condominium offers investors and owner-users a compelling combination of in-place income and future upside.
The property currently features two occupied suites with established tenants providing immediate cash flow, while Suite 220 is being delivered vacant, creating an attractive value-add opportunity for a new owner. Whether utilized for owner occupancy, leased to a new tenant, or used as expansion space for an existing occupant, Suite 220 provides flexibility rarely found in today's office market.
Suite 250 is occupied by NTIS Group, a nationally recognized transportation insurance firm with a recently extended lease through July 2028. Suite 270 is occupied by NAFTA Tools, an established consulting and product development company. Together, these tenants provide stable income while leaving meaningful upside through lease-up of the vacant suite.
Teal Place is a well-maintained office campus known for its professional environment, ample parking, attractive pond views, and convenient access to Interstate 90, Crocker Road, Crocker Park, Cleveland Hopkins International Airport, and numerous retail and dining destinations.
Westlake continues to attract businesses seeking a premier suburban location supported by strong demographics, high household incomes, significant daytime population, and ongoing commercial development. The property's location along the Detroit Road corridor places it among major employers, professional service firms, and regional business hubs, supporting long-term leasing demand and future appreciation.
Ideal for investors seeking stable income with value-add potential or owner-users looking to offset occupancy costs through tenant income.
The property currently features two occupied suites with established tenants providing immediate cash flow, while Suite 220 is being delivered vacant, creating an attractive value-add opportunity for a new owner. Whether utilized for owner occupancy, leased to a new tenant, or used as expansion space for an existing occupant, Suite 220 provides flexibility rarely found in today's office market.
Suite 250 is occupied by NTIS Group, a nationally recognized transportation insurance firm with a recently extended lease through July 2028. Suite 270 is occupied by NAFTA Tools, an established consulting and product development company. Together, these tenants provide stable income while leaving meaningful upside through lease-up of the vacant suite.
Teal Place is a well-maintained office campus known for its professional environment, ample parking, attractive pond views, and convenient access to Interstate 90, Crocker Road, Crocker Park, Cleveland Hopkins International Airport, and numerous retail and dining destinations.
Westlake continues to attract businesses seeking a premier suburban location supported by strong demographics, high household incomes, significant daytime population, and ongoing commercial development. The property's location along the Detroit Road corridor places it among major employers, professional service firms, and regional business hubs, supporting long-term leasing demand and future appreciation.
Ideal for investors seeking stable income with value-add potential or owner-users looking to offset occupancy costs through tenant income.
| Unité | Taille de l’unité | Utilisation du condo | Prix | Revenu net d’exploitation |
| Unité 220 | 5 000 pi² | Bureau | 558 308 $ CAD (111,66 $ CAD/pi²) | 35 229,23 $ CAD |
Unité 220
| Taille de l’unité |
| 5 000 pi² |
| Utilisation du condo |
| Bureau |
| Prix |
| 558 308 $ CAD (111,66 $ CAD/pi²) |
| Revenu net d’exploitation |
| 35 229,23 $ CAD |
1 de 34
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
Unité 220
| Taille de l’unité | 5 000 pi² |
| Utilisation du condo | Bureau |
| Prix | 558 308 $ CAD (111,66 $ CAD/pi²) |
| Revenu net d’exploitation | 35 229,23 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,31% |
| Description | |
| Suite au 2e étage d'un complexe de bureaux géré par des professionnels appelé Teal Place.</li></ul> | |
| Notes sur la vente | |
| Rare opportunity to acquire a multi-tenant office condominium in one of Northeast Ohio's most desirable suburban office markets. Located within the professionally managed Teal Place office complex at 24610 Detroit Road in Westlake, this approximately 5,000-square-foot office condominium offers investors and owner-users a compelling combination of in-place income and future upside.<br> The property currently features two occupied suites with established tenants providing immediate cash flow, while Suite 220 is being delivered vacant, creating an attractive value-add opportunity for a new owner. Whether utilized for owner occupancy, leased to a new tenant, or used as expansion space for an existing occupant, Suite 220 provides flexibility rarely found in today's office market.<br> Suite 250 is occupied by NTIS Group, a nationally recognized transportation insurance firm with a recently extended lease through July 2028. Suite 270 is occupied by NAFTA Tools, an established consulting and product development company. Together, these tenants provide stable income while leaving meaningful upside through lease-up of the vacant suite.<br> Teal Place is a well-maintained office campus known for its professional environment, ample parking, attractive pond views, and convenient access to Interstate 90, Crocker Road, Crocker Park, Cleveland Hopkins International Airport, and numerous retail and dining destinations.<br> Westlake continues to attract businesses seeking a premier suburban location supported by strong demographics, high household incomes, significant daytime population, and ongoing commercial development. The property's location along the Detroit Road corridor places it among major employers, professional service firms, and regional business hubs, supporting long-term leasing demand and future appreciation.<br> Ideal for investors seeking stable income with value-add potential or owner-users looking to offset occupancy costs through tenant income.</li></ul> |
Faits sur la propriété
Les informations ci-dessous concernent l’ensemble de l’immeuble. Les caractéristiques propres à chaque lot peuvent varier et sont précisées dans la description du lot présenté ci-dessus.
| Taille totale du bâtiment | 29 000 pi² | Superficie de plancher typique | 14 500 pi² |
| Type de propriété | Bureau (Condo) | Année de construction | 1989 |
| Classe d’immeuble | C | Taille du lot | 2,61 AC |
| Planchers | 2 | Ratio de stationnement | 5,2/1 000 pi² |
| Zonage | GB - GENERAL BUSINESS | ||
| Taille totale du bâtiment | 29 000 pi² |
| Type de propriété | Bureau (Condo) |
| Classe d’immeuble | C |
| Planchers | 2 |
| Superficie de plancher typique | 14 500 pi² |
| Année de construction | 1989 |
| Taille du lot | 2,61 AC |
| Ratio de stationnement | 5,2/1 000 pi² |
| Zonage | GB - GENERAL BUSINESS |
Commodités
- Accès 24 heures
- Gestionnaire d'immeuble sur place
- Système de sécurité
- Affichage
1 1
Assez accessible à pied
40/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Relativement accessible en vélo
30/100
1 de 7
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
1 de 1
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24610 Detroit Rd - Teal Place North
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