Rockside 9% CAP Irreplaceable Investment 2 biens | Bureau | À vendre | 16 078 637 € | Independence, OH

(CONTACT TO REQUEST FULL OFFERING MEMORANDUM)
• 93% Occupied Asset at Low $117 Per Square Foot Sales Price Far Below Replacement Value, High 9.00% CAP Rate & Anticipated Year-1 Cash-on-Cash Return of 12.41%
• Irreplaceable Cleveland Suburban Office Location: Directly Off I-77 on the Renowned Rockside Road Corporate Corridor, Home to Over 800 Businesses, Hotels, Restaurants, and Professional Service Firms
• Future NOI Growth & Upside: Most Tenants Have Annual Rental Increases for Continual Income Growth & Remaining Upside Through Lease-Up of Vacant Units
• Affluent Corporate Trade Area with Average Household Incomes Approaching $182,000 Within One Mile, Exceeding $100,000 Within Three Miles, and More Than 211,000 Residents Within a Five-Mile Radius
• All Anchor Tenants Signed to Long-Term Leases with Increase over Base Year Structure with Average occupancy Over 90% Over the Last 10 Years, Demonstrating Consistent Demand/Stability
• Signalized, Full-Access Entrance with Monument Signage Along Rockside Road (30,000+ VPD) Providing Excellent Visibility, Convenient Ingress/Egress, and Direct Connectivity to I-77 (201,000+ VPD), I-480 (165,000+ VPD) and the Greater Cleveland Market
• Great Mix of International, National, & Regional Tenured Tenants with Consistent Renewals
• Modern Tenant Amenities Including Modern Fitness Center with Showers, Conference Facilities, Outdoor Patio Areas, Electronic Tenant Directories, and On-Site Vending
• Several Recent Building Upgrades with Most of Building Mechanical Systems Replaced & Brand New 10-Year Roof Warranties for Both Buildings
• Centralized Northeast Ohio Location: Approximately 15 Minutes to Downtown Cleveland, 15 Minutes to Cleveland Hopkins International Airport, 30 Minutes to Akron and Within Easy Reach of Every Major Employment Center in the Cleveland MSA
• Strong Employment Base: Headquarters of CBIZ (Approximately 10,000 Employees Company-Wide, Less Than 1 Mile), Heidelberg Distributing (~1,600 Company-Wide Employees, 4 Miles), Independence Excavating (~1,000 Employees, 1 Mile), GrafTech International (~1,100 Company-Wide Employees, 3 Miles), Along with More Than 300 Businesses Throughout Independence's Premier Rockside Road Office Corridor
• Walkable Business Environment Surrounded by Numerous Hotels, Restaurants, Entertainment Venues, and Everyday Conveniences Within the Rockside Road Corporate Corridor
• Minutes from the World-Renowned Cleveland Clinic (~10 Miles Northeast, ~1,300 Beds, 83,000 Employees System-Wide), University Hospitals (~10 Miles Northeast, 1,000+ Beds, 16,000 Employees System-Wide), and MetroHealth Systems (~7 Miles Northeast, 700+ Beds)

• Close Proximity to Downtown Cleveland's Business, Entertainment, and Cultural District, Including Progressive Field, Rocket Arena, Playhouse Square, the Rock & Roll Hall of Fame, and the Cleveland Convention Center
• Surrounded by Affluent and Established Cleveland Suburbs Including Independence, Brecksville, Broadview Heights, Seven Hills, and Parma, Providing a Strong Executive Housing Base and Highly Educated Workforce