Park Center I
Well-maintained office building with leasing opportunities to add value for sale in ideal Beachwood location. Excellent Owner/User or investment opportunity! • Park Center I is prominently located in a major business district with direct access to amenities. • Situated on Commerce Park Rd., off of S. Green Rd., between Harvard Rd. and Chagrin Blvd. in Beachwood, OH. • Terrific Beachwood Location • 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 • Opportunity to add value by leasing over 12,700 SF • Over 70% of available office space is in move-in condition or only requires paint and carpet.
|Property Type||Office Bldg|
|Cap Rate Percentage||8.15|
|Building Size||35,518 SF|
Full floor available for upside leasing or Owner/User.
HVAC System: Magic-Pak heating and cooling units throughout the building provide tenant controlled environments with consistency from office to office.
Approximately 25,000 employees work in Beachwood
Approximately 2,500 businesses in Beachwood
Average household incomes just over $142,400 within 1 mile.Property Features
|Location:||Park Center I is prominently located in a major business district with direct access to amenities. Situated on Commerce Park Drive, just South of Chagrin Blvd. in Beachwood, OH. With three exits along I-271, Beachwood is known for its accessibility, bringing a workforce to the city's approximately 2,500 businesses. This area boasts exceptional demographics with average household incomes just over $142,400 within 1 mile.|
|Down Payment: $950,000|
|Gross Income: $522,537|
|Loan Payment: $171,213|