$4,395,000 SALE
Office Bldg
38,183 SF
3681 Green Rd
Beachwood, OH 44122 US Park Center Two


Office Building for Sale: Suburban Cleveland, OH


Well-maintained office building with attached garage for sale in ideal Beachwood location. Excellent owner/user or investment opportunity! • Park Center II is prominently located in a major business district with direct access to amenities. • Situated on S. Green Road, North of Harvard Road and South of Chagrin Blvd. in Beachwood, OH. • Distance to I-271 at Harvard interchange: 1.9 miles; I-271 at Chagrin: 1.6 miles; I-480 at Miles: 3.3 miles • Close proximity to Eaton Corp, Ahuja Medical Center, and Lifestyle dining & shopping • Long Tenured Tenants: 60% of tenants have called PC II home for more than ten years! • Recent Capital Upgrades: Upgraded and modernized elevator; Roof replacement; Outdoor signage; Exterior pre-cast refinished; Parking deck caulking replaced • Secure underground parking


Property Type Office Bldg
Year Built 1973
Building Class B
Cap Rate Percentage 7.65
Listing ID ECDZ39
MLS ID 756607
Style Other Style
Building Size 38,183 SF
Lot Size 1.41 AC

Property Highlights

Average household incomes just over $142,400 within 1 mile.

Approximately 25,000 employees work in Beachwood

Public Wifi

Approximately 2,500 businesses in Beachwood

Efficiently Managed HVAC System: Magic-Pak heating and cooling units throughout the building provide tenant controlled environments with consistency from office to office.

Consistent high occupancy rates

Property Features
Location: Well-maintained office building with attached garage for sale in ideal Beachwood location, a suburb on the Eastside of Cleveland, OH. Excellent owner/user or investment opportunity! • Park Center II is prominently located in a major business district with direct access to amenities. • Situated on S. Green Road, North of Harvard Road and South of Chagrin Blvd. in Beachwood, OH. • Distance to I-271 at Harvard interchange: 1.9 miles; I-271 at Chagrin: 1.6 miles; I-480 at Miles: 3.3 miles • Close proximity to Eaton Corp, Ahuja Medical Center, and Lifestyle dining & shopping • Long Tenured Tenants: 60% of tenants have called PC II home for more than ten years! • Recent Capital Upgrades: Upgraded and modernized elevator; Roof replacement; Outdoor signage; Exterior pre-cast refinished; Parking deck caulking replaced • Efficiently Managed HVAC System: Magic-Pak heating and cooling units throughout the building provide tenant controlled environments with consistency from office to office.Approximately • Consistent high occupancy rates • Public Wifi
Financials
Down Payment: $1,245,000
Gross Income: $562,400
Expenses: $226,159
Loan Payment: $189,236
Additional Media Area Demographics

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