For Sale
$620,000

24610 Detroit Rd Westlake, OH 44145

6,200 SF Medical/Office Condo, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 6,200-square-foot Class B office condo, located at 24610 Detroit Rd, Suite 1200, Unit 110, Westlake, OH 44145 (APN 214-01-310), presents a lucrative investment opportunity. The property, built in 1990, is a single-tenant building with a gross lease in place. Currently 100% occupied, it offers a strong 8.00% cap rate and a price per square foot of $100. The asking price is $620,000. This two-story building features modern amenities including 24-hour access and an active security system. The property boasts a tranquil setting overlooking a pond and landscaping, yet enjoys a prime location just 15 miles from downtown Cleveland, within the West Office Submarket. The area benefits from proximity to major employers like American Greetings and Hyland Software, as well as numerous hotels and retail establishments. The suite includes visible signage. This is a single-unit, single-tenant property ideal for owner-occupancy or investment. The property is conveniently located in Cuyahoga County, Ohio, with easy access to major transportation routes. This is a rare opportunity to acquire a well-maintained, high-occupancy office condo in a desirable location.

Highlights

  • $620,000 asking price for a 6,200 square foot office condo.
  • Located at 24610 Detroit Rd, Westlake, OH 44145.
  • Class B, two-story building built in 1990.
  • 100% occupancy with a single tenant under a gross lease.
  • $100 per square foot price, 8% cap rate.

Property Details for 24610 Detroit Rd

Property type
Office properties, Medical offices
Square Feet
6,200 SF
Class
B
Year Built
1990
Buildings
1
Stories
2
Units
1

Location Insight

City
Westlake
County
Cuyahoga
State
Ohio
Latitude
41.471492145527
Longitude
-81.893204313818

FAQs

What type of property is this?
Office property - 6,200 SF Medical/Office Condo, 100% Occupied
Where is the office property located?
The property is located at 24610 Detroit Rd Westlake, OH.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: $620,000 asking price for a 6,200 square foot office condo.; Located at 24610 Detroit Rd, Westlake, OH 44145.; Class B, two-story building built in 1990.
How can I contact the broker?
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24610 Detroit Rd
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