Suburban Professional Building | 111 Stow Ave
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Suburban Professional Building 111 Stow Ave
15,842 SF 100% Leased Office Building Cuyahoga Falls, OH 44221 £1,251,920 (£79/SF) 8.11% Net Initial Yield
Executive Summary
The Subject Property is a well maintained 15,842 SF two story office building. The building also includes an elevator and a 3,830 SF basement. The property is located on the newly redeveloped Front Street in Cuyahoga Falls. The property is within minutes of State Route 8 for superior access to the Akron, Canton, and Cleveland marketplaces.
This property is 100% leased with a mix of short and long term tenants. The anchor tenant that occupies half the building, has three years remaining on their term. Currently, the anchor tenant is in the process of investing $50-$75K into their space including remote security. The surrounding area includes retail, restaurant amenities, with ample city parking surface lots and decks.
Please email Graydon (graydon.fox@svn.com) or Brian (brian.foster@svn.com) for the offering memorandum.
This property is 100% leased with a mix of short and long term tenants. The anchor tenant that occupies half the building, has three years remaining on their term. Currently, the anchor tenant is in the process of investing $50-$75K into their space including remote security. The surrounding area includes retail, restaurant amenities, with ample city parking surface lots and decks.
Please email Graydon (graydon.fox@svn.com) or Brian (brian.foster@svn.com) for the offering memorandum.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
15,842 SF
Building Class
B
Year Built/Renovated
1974/2010
Price
£1,251,920
Price Per SF
£79
Net Initial Yield
8.11%
NOI
£101,563
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
7,921 SF
Slab to Slab
10 ft
Building FAR
1.58
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
MU-6, Downtown
Amenities
- Air Conditioning
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Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 02-02854 | Improvements Assessment | £196,841 |
| Land Assessment | £14,846 | Total Assessment | £211,687 |
PROPERTY TAXES
Parcel Number
02-02854
Land Assessment
£14,846
Improvements Assessment
£196,841
Total Assessment
£211,687
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Suburban Professional Building | 111 Stow Ave
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