4535 Stephen CirCanton, OH 44718

Property Details for 4535 Stephen Cir

Lot size

4.11 AC

Property size (Sq ft)

61,949 SF

Property type

Office properties

Property subtype

Other office properties

Description

This exceptional investment opportunity presents two Class B office buildings totaling 61,949 square feet situated on a 4.11-acre lot in Canton, Ohio. The property, encompassing 4535 Dressler Rd NW and 4506 Stephen Circle NW (APN 10002578, 10002579), consists of two buildings constructed in 1989 and 1994, each two stories high, and zoned B3. Currently 100% occupied by a single tenant under a modified NNN lease with annual escalations and nearly nine years remaining on the lease term, this property offers significant stability and income potential. The net rentable area is 61,281 square feet, with an asking price of $10,100,000, resulting in a price per square foot of $163.04 and a 7.29% cap rate. The property boasts a strong net operating income (NOI) of $736,539. This is a rare opportunity to acquire a well-located, fully leased office complex with a long-term tenant and substantial return on investment. The property's prime location in Canton, Ohio, offers easy access to major transportation routes and amenities. This is an ideal investment for those seeking a stable, high-yielding asset in a thriving market.

Location Insight

City

Canton

County

Stark

State

Ohio

Latitude

40.8463

Longitude

-81.4347

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