15883 W Sprague Rd - Telecom Hotel/Data Hosting FOR SALE


Strongsville, OH 44136
$5,500,000 USD
216-658-6120
15883 W Sprague Rd, Strongsville, OH for Sale
$5,500,000 USD
Telecom Hotel/Data Hosting - FOR SALE
1/16
null | Request Cap Rate

15883 W Sprague Rd
Strongsville, OH 44136


HIGHLIGHTS

  • Headquarters Opportunity (Former Medical Mutual HQ) or Redevelopment

OVERVIEW

CBRE exclusively presents the rare opportunity to acquire the former Medical Mutual suburban headquarters property in Strongsville, Ohio located at Sprague Road and Mohawk Drive. This turnkey HQ property is located just 2 minutes away from Interstate 71 (via Pearl Road exit) and housing, retail, restaurant, medical, and service amenities are all within minutes. The property is located 10 minutes f rom Hopkins International Airport , has easy access to I-480 and the Ohio Turnpike, and is just 20 minutes from Downtown Cleveland. The 2-story office building is 88,816 SF situated on approximately 17 acres of land. The property was most recently occupied by Medical Mutual and prior to that was home to Glidden, AkzoNobel and Lesco corporate off ices. The property has been updated throughout the years with corporate standard finishes throughout. The building is very well-maintained, and is architecturally attractive and efficient, offering considerable natural light throughout. This property offers ample parking, outdoor areas, multiple building access points, and convenient proximity and access for employees and visitors, in a comfortable, thriving suburb with abundant amenities.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

400

LAND DETAILS

LAND ACRES

17.5 AC

LAND SF

762,300 SF

ZONING

Research & Development

APN/PARCEL ID

395-12-002

ASK ABOUT THIS PROPERTY

Joseph KhouriCBRE, Inc.More Info
216-658-6120

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Joseph KhouriCBRE, Inc.More Info
216-658-6120

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.