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|
Approximately 25,000 employees work in Beachwood
HVAC System: Magic-Pak heating and cooling units throughout the building provide tenant controlled environments with consistency from office to office.
Average household incomes just over $142,400 within 1 mile.
Approximately 2,500 businesses in Beachwood
Full floor available for upside leasing or Owner/User.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|