1871 Bailey Rd - Medical FOR SALE


Cuyahoga Falls, OH 44221
$848,000 USD
216-264-2038
1871 Bailey Rd, Cuyahoga Falls, OH for Sale
$848,000 USD
Medical - FOR SALE
1/15
null | 9% Cap Rate

1871 Bailey Rd
Cuyahoga Falls, OH 44221


HIGHLIGHTS

  • 75% Occupied Multi-Tenant Medical Office Located in Akron MSA | E-Commerce & Recession Proof Tenant Mix
  • 14,322 Rentable SF | 1.34 Acres | Major Tenants Includes Child Guidance & Family Solutions and Paradise Home Healthcare
  • New 5-Year Leases Limiting Rollover Exposure | Opportunity to Acquire a Class B, Multi-Tenant Office with Medical Tenants and Upside to the Occupancy
  • New Roof at the Property, Just Replaced in 2024

OVERVIEW

Marcus & Millichap is pleased to present the 1871 Bailey Road Building, located in Cuyahoga Falls, Ohio. The asset is the signature property at the corner of Bailey Road and Northmorland Boulevard. It is a 14,322 SF, 75% occupied multitenant office property built in 1973 with a unique, high-quality primarily medical tenant mix located in the Akron MSA. The major tenant, Child Guidance & Family Services occupies over half of the building . The remainder of the building is occupied by other medical professional service tenants. The subject property rests on approximately 1.34 acres and is positioned within less than a mile south of the Ohio State Route 8 intersection (92,400+ VPD) the major interstate connecting Cleveland and Akron.

FOR SALE DETAILS

PRICE

$848,000 USD

PRICE/SF

$46 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

First Merit Bank

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

140

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

-

APN/PARCEL ID

02-20163

ASK ABOUT THIS PROPERTY

Ryan MooreMarcus & MillichapMore Info
216-264-2038

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Ryan MooreMarcus & MillichapMore Info
216-264-2038

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