For Sale
$1,600,000

111 Stow AveCuyahoga Falls, OH 44221

Fully Leased Office Investment, 8.11% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased, 15,842 square foot Class B office building situated at 111 Stow Avenue in Cuyahoga Falls, Ohio. The property, built in 1974, features two stories and a 3,830 square foot basement, including an elevator. Currently boasting 100% occupancy with a mix of short and long-term tenants, this stabilized investment offers a compelling 8.11% cap rate and a Pro-Forma NOI of $129,801. The asking price is $1,600,000, translating to $101 per square foot. The property sits on a 0.21-acre lot (APN 0202854) and benefits from its location on the newly redeveloped Front Street, providing convenient access to State Route 8 and the Akron, Canton, and Cleveland markets. A significant anchor tenant, occupying half the building, has a three-year lease remaining and is currently investing $50,000-$75,000 in improvements, including enhanced security. The surrounding area offers a variety of retail and restaurant options, along with ample city parking. This is a rare opportunity to acquire a well-maintained, high-occupancy office building in a thriving location. The lease type is NNN (Net, Net, Net). The building consists of one structure.

Highlights

  • Fully leased, 15,842 SF Class B office building in Cuyahoga Falls, OH.
  • 100% occupancy with a mix of short and long-term tenants.
  • 8.11% cap rate and $129,801 Pro-Forma NOI.
  • Asking price: $1,600,000 ($101/SF).
  • Located on redeveloped Front Street with easy access to SR 8 and major markets.

Property Details for 111 Stow Ave

Property type
Office properties
Square Feet
15,842 SF
Class
B
Year Built
1974
Buildings
1
Stories
2
Lot Size (sq. ft)
9,148 SF

Location Insight

City
Cuyahoga Falls
County
Summit
State
Ohio
Latitude
41.1379066
Longitude
-81.4828293
111 Stow Ave, Cuyahoga Falls, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
111 Stow Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message