14801 Broadway Ave - Light Manufacturing FOR SALE
Maple Heights, OH 44137 |
$3,771,000 USD
216-464-4060
14801 Broadway Ave
Maple Heights, OH 44137
HIGHLIGHTS
- Single Tenant 100% occupied NNN Trade School College in business since 1987
- Good location with immediate access to I-480
- Long term occupancy
- The lease includes annual 3% rental increases allowing for consistent NOI growth
- Recent improvements include a new culinary school in 2023 and welding school in 2024
- Building can be easily converted to a multi-tenant use due to its multiple entrances.
OVERVIEW
• Single Tenant 100% occupied NNN Trade School College in business since 1987
• Good location with immediate access to I-480
• Long term occupancy
• The lease includes annual 3% rental increases allowing for consistent NOI growth
• Recent improvements include a new culinary school in 2023 and welding school in 2024, in addition to new HVAC rooftop package units and upgrades to parking lot and sidewalk
• Building can be easily converted to a multi-tenant use due to its multiple entrances.
FOR SALE DETAILS
PRICE
$3,771,000 USD
PRICE/SF
$113 USD /SF
CAP RATE
2.98%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Remington College
PROPERTY TYPE
Flex
PROPERTY SUBTYPE
Light Manufacturing
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1975
UTILITIES
Gas - Natural, Water - City, Sewer - City, Heating
CLEAR CEILING HT
22 Ft
DOCKS
4
DRIVE INS
6
PARKING SPACES
123
LAND DETAILS
LAND ACRES
3.4
LAND SF
148,104
ZONING
Comm
APN/PARCEL ID
781-02-057
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216-464-4060
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216-464-4060
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