1871 Bailey RdCuyahoga Falls, OH 44221

Property Details for 1871 Bailey Rd

Year built

1973

Lot size

1.34 AC

Property size (Sq ft)

14,322 SF

Property type

Office properties

Property subtype

Medical offices

Description

This three-story, 14,322-square-foot Class B medical office building in Cuyahoga Falls, Ohio, presents a compelling value-add investment opportunity. Located at 1871 Bailey Road, this fee-simple property sits on 1.34 acres and boasts a 9.00% cap rate with a current NOI of $76,335. Built in 1973 and renovated in 2019, including a new roof in 2024, the building features a multi-tenant occupancy of 75%, with two tenants currently leasing under gross leases. The property's prime location, less than a mile from the Ohio State Route 8 intersection (92,400+ vehicles per day), offers excellent visibility and accessibility. Major tenants include Child Guidance & Family Services and Paradise Home Healthcare, providing a stable and recession-resistant tenant mix. The asking price is $848,000, translating to $59.21 per square foot. With new 5-year leases in place, this property offers limited rollover exposure and significant upside potential through increased occupancy. The building consists of three units across three stories, offering a diverse range of space options. Full occupancy is projected by January 1, 2025.

Location Insight

City

Cuyahoga Falls

County

Summit

State

Ohio

Latitude

41.1314

Longitude

-81.4651

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