36901 American Way Avon, OH 44011
Two-building office complex, 8.15% cap rate.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Adjacent to Cleveland Clinic medical offices.
- Tenants pay annual rent increases of CPI + 3%.
- Strong lease term remaining: approximately 6 years.
- Tenants' corporate headquarters are located at this property.
- Triple-net (NNN) lease structure provides passive income.
- High cap rate of 8.15% offers strong cash flow.
Property Details for 36901 American Way
- Property type
- Office properties, Medical offices
- Square Feet
- 7,082 SF
- Class
- A
- Year Built
- 2008
- Buildings
- 1
- Stories
- 2
- Units
- 3
Location Insight
- City
- Avon
- County
- Lorain
- State
- Ohio
- Latitude
- 41.4651792
- Longitude
- -82.0295845
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - Two-building office complex, 8.15% cap rate.
- Where is the office property located?
- The property is located at 36901 American Way Avon, OH.
- What is the asking price?
- The asking price for this property is $1,747,000.
- What are key features of this property?
- This property features: Adjacent to Cleveland Clinic medical offices.; Tenants pay annual rent increases of CPI + 3%.; Strong lease term remaining: approximately 6 years.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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