Sale: Owner-user opportunity with up to 6,283 square feet of contiguous, third-floor space available immediately with a conceptual plan in place. It has a compelling value basis at $100.03 per square foot, which is well below replacement cost, and provides strong in-place income with third-floor upside. The strong in-place income features a current NOI of $429,816 (7.68% cap) and a proforma NOI of $524,611 (9.37% cap) at stabilization. There is a diversified tenant base consisting of 12 tenants across medical, legal, engineering, and professional services, resulting in no concentration risk. The strategic location is in the Rockside Road corridor, offering direct I-77 and I-480 access within Cleveland’s most active suburban submarket. Finally, it features recession-resistant tenants, including multiple healthcare providers such as Rockside Spine, Lifestance, LVC, and Cleveland Men’s Health.
Lease: New renovations to the lobby and common areas have been completed. The property offers an excellent parking ratio, including underground heated garage parking. It is within walking distance to several nearby restaurants, shopping, and entertainment options, with easy access to I-77 and I-480.
Active
Metro Center - 6500 Rockside Road
6500 Rockside Road, Independence, OH 44131 United States
Building Size
55,799 SF
Lot Size
3.28 Acres
Construction Status
Existing
Built
1988
Building Size
55,799 SF
Lot Size
3.28 Acres
Construction Status
Existing
OVERVIEW
CONTACT
Details
- Rental Price:
- $18.50 USD
- Rate Type:
- FSG
- Building Size:
- 55,799 SF
- Lot Size:
- 3.28 Acres
- Construction Status:
- Existing
- Year Built:
- 1988
- Sublease:
- No
CONTACT
LOCATION
RELATED PROPERTIES
