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    Solon RD

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    rob6295
    This document provides information about an investment opportunity for a 194,500 square foot commercial property located in Solon, Ohio. The property is currently 93% occupied and generates $600,000 in annual net operating income. It is being offered for sale at $6,600,000, which represents a 9.1% capitalization rate on current income and potential returns of over 18% based on full occupancy. Contact information is provided for the broker handling the sale.

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    Solon RD

    Uploaded by

    rob6295
    32 views1 page
    This document provides information about an investment opportunity for a 194,500 square foot commercial property located in Solon, Ohio. The property is currently 93% occupied and generates $600,000 in annual net operating income. It is being offered for sale at $6,600,000, which represents a 9.1% capitalization rate on current income and potential returns of over 18% based on full occupancy. Contact information is provided for the broker handling the sale.

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    This document provides information about an investment opportunity for a 194,500 square foot commercial property located in Solon, Ohio. The property is currently 93% occupied and generates $600,000 in annual net operating income. It is being offered for sale at $6,600,000, which represents a 9.1% capitalization rate on current income and potential returns of over 18% based on full occupancy. Contact information is provided for the broker handling the sale.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    32 views1 page

    Solon RD

    Uploaded by

    rob6295
    This document provides information about an investment opportunity for a 194,500 square foot commercial property located in Solon, Ohio. The property is currently 93% occupied and generates $600,000 in annual net operating income. It is being offered for sale at $6,600,000, which represents a 9.1% capitalization rate on current income and potential returns of over 18% based on full occupancy. Contact information is provided for the broker handling the sale.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    PREMIER COMMERCIAL REALTY

    PREMIER
    C O M M E R C I A L R E A LT Y
    INVE S T MEN T S / L E A SING / P ROP ERT Y MANAGEMENT

    INVESTMENT OPPORTUNITY
    PROPERTY OVERVIEW

    Size Sale Price

    194,500 sf $6,600,000

    9.1% Cap on Current NOI 10.8% Cap on Potential Rent 18%+ Potential CoC Return

    PROPERTY LOCATION SUMMARY The subject property is located in Cuyahoga County, Ohio, in an affluent suburb of Cleveland. It was recently named as one of the Best places to Live in the United States. The property is centrally located in the Solon Industrial District and features excellent freeway and interstate access.

    LEASED

    BUILDING SUMMARY Address Building Size Acreage Year Built LEASE SUMMARY # of Tenants Lease Types 10 Gross & Modified Gross 29001 Solon Road, Solon, OH 44139 194,500 sf 14 1976

    FINANCIAL SUMMARY Current NOI Debt Mortgage Rate Amortization ESTIMATED PROFORMA Current Revenue Debt Service CFADS Equity Required Current Cash on Cash Return (93% occupied) Potential Cash on Cash Return (100% Occupied) $600,000 $350,000 $250,000 $2,000,000 12.5% 18% $600,000 $4,600,000 4.5% Fixed 20 Year

    For more information


    Broker Pamela Bertovich Senior Partner Phone office- 216-341-1200 cell - 216-577-7640 Email [email protected]
    This information has been obtained by sources we consider reliable. The information presented is subject to errors, omissions, change of price, and withdrawal without notice. We have not verified it and neither we, the owner of the property nor any other party made any guarantee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

    29001

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