2221 Brookpark RD Active Save Request In-Person Tour Request Virtual Tour
Parma,OH 44134
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Brookview
MLS Listing ID 5099911
Year Built 1955
Annual Tax Amount $3,743
Tax Year 2024
Lot Size 4,800 Sqft
Property Sub-Type Mixed Use
Property Description
DON'T MISS THIS COMMERCIAL TRIPLE NET (NNN) ALL BRICK 2 STORY INVESTMENT !!
This 2 story sits on one of Cleveland's highest traffic streets. Great visibility !
This property boasts - 2 suites w/ ~10,800 + sq feet retail/office and 3500+ sq feet open storage space in basement accessed by main floor unit and includes 6 off street parking spaces up front.
This fully occupied turn key investment is triple Net tenancy with $4,100 Mo/ $49,200 Annual Income.
This low - to no maintenance asset is prime to add value and cash flow to your portfolio at nearly a 9 Cap return.
Occupants:
Main Floor - Liquidation Company has been in business for 10 + years and uses the space for warehousing only.
2nd Floor - A well established and growing commercial photography / digital imaging company.
Property Taxes - $3,743 Annually -
Insurance $1743 Annually
Each occupant has a the balance of their two year lease with 2 year option add on.
Tenants pay for all utilities and maintenance.
Deposits for all units
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Building
Sewer Public Sewer
Water Public
Schools
School District Parma Csd - 1824
Others
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard