6000 Freedom Square DrIndependence, OH 44131

Property Details for 6000 Freedom Square Dr

Year built

1986

Construction

TYPE NOT SPECIFIED

Lot size

6.11 AC

Property size (Sq ft)

150,276 SF

Zone code

U-5

Property type

Office properties

Property subtype

Office buildings

APN

561-18-004

APU

56118004

Description

This exceptional 117,025 square foot, five-story Class A office building, situated on a 6.11-acre lot at 6000 Freedom Square Drive in Independence, Ohio, presents a unique sublease opportunity. Built in 1986 and renovated in 1999, the property boasts a prime location in the Cleveland South submarket, specifically within the Independence, Seven Hills, and Brecksville cluster. The building features a single structure with elevator access and is conveniently located approximately one mile from the I-480/I-77 interchange, offering easy access to major transportation routes. The sublease includes existing furniture and has a four-year term remaining. This well-maintained building offers a variety of amenities, making it an ideal location for businesses seeking fully furnished office space in a desirable location. The property is categorized as both Traditional and Executive Office space and supports multiple tenants. The address is 6000 Freedom Square Dr, Independence, OH 44131, and is cross-street accessible via Rockside Road. Cuyahoga County is the encompassing county.

• CAP approach

  CAP return

  Valuation

  6%

  $27,034,640

  6.5%

  $24,955,052

  7%

  $23,172,548

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,056,817

  Geo Method

  $14,056,817

• Alternative Use

  Use

  Valuation

  Residential

  $30,944,266

  Hospitality

  $28,344,780

  Educational

  $23,582,524

  Medical

  $24,393,564

  Retail

  $36,683,928

Location Insight

City

Independence

County

Cuyahoga

State

Ohio

Latitude

41.4007

Longitude

-81.6589

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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