382 Blackbrook Rd - Medical FOR SALE


Painesville, OH 44077
$1,250,000 USD
216-906-2414
382 Blackbrook Rd, Painesville, OH for Sale
$1,250,000 USD
Medical - FOR SALE
1/5
null | 9.73% Cap Rate

382 Blackbrook Rd
Painesville, OH 44077


HIGHLIGHTS

  • 9,188 SF facility on 1 acre site with excellent visibility and access
  • Fully licensed and operating medicinal/recreational marijuana facility
  • Single Tenant, NN (double net) long term lease in place
  • Proven operator (Bloom) with multiple locations across the country
  • Leased through 6/30/2028 with yearly increases

OVERVIEW

9,188 SF facility situated on a 1 AC site with excellent visibility and access. Fully licensed and operational, catering to both medicinal and recreational marijuana markets. Single-tenant property with a long-term double net (NN) lease in place. Proven operator (Bloom) with multiple locations nationwide. Lease extends through 6/30/2028, with 3.0% annual rent increases.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

9.73%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

NE-Z4 (Outer NE Area)

APN/PARCEL ID

11-B-064-A-00-023

ASK ABOUT THIS PROPERTY

Eliot KijewskiCushman & Wakefield | CRESCO Real EstateMore Info
216-906-2414

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

Eliot KijewskiCushman & Wakefield | CRESCO Real EstateMore Info
216-906-2414

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