6779 Memphis Ave - Medical FOR SALE


Brooklyn, OH 44144
$449,000 USD
440-655-5472
6779 Memphis Ave, Brooklyn, OH for Sale
$449,000 USD
Medical - FOR SALE
1/10
null | 8.02% Cap Rate

6779 Memphis Ave
Brooklyn, OH 44144


HIGHLIGHTS

  • Heavy daytime traffic
  • Lots of natural light
  • Central air conditioning, tenants pay electric

OVERVIEW

One building, nine offices, and 16 parking spaces. 100% occupied. The average rent is $556 per month. Some tenants are on month-to-month leases, but most are on one-year leases. The same tenants have been in place for over three years, and some have been there even longer. Three new HVAC hydronic baseboard heaters were installed in 2022, and the parking lot was replaced in 2023. There are 10 electric meters in the boiler room; the roof was torched 4 years ago. The boiler is the original. Occupancy after title transfer.

FOR SALE DETAILS

PRICE

$449,000 USD

PRICE/SF

$56 USD /SF

CAP RATE

8.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

J.K. Medical Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,625 SF

ZONING

R-B

APN/PARCEL ID

432-26-009

ASK ABOUT THIS PROPERTY

Ruset PatrascuPhoenix9 Realty, Inc.More Info
440-655-5472

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Ruset PatrascuPhoenix9 Realty, Inc.More Info
440-655-5472

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