2651 W Market Street
Fairlawn, OH 44333
$2,395,000
Melissa Hornbeck
20 Total Photos [Click to View All]
Listing Details
- $2,395,000
- MLS# 5223047
- Type Commercial - Office
- Status Active
Home Value Estimate
Description
The Cleveland Clinic & Pioneer Physicians Medical Center is a two-tenant medical office building located in Fairlawn, Ohio. This 14,596 square foot property is 100% occupied and anchored by Cleveland Clinic's urology and surgery center, which has been at this location for over 25 years. The building is strategically positioned in the heart of the Fairlawn retail corridor with excellent visibility on West Market Street, which sees 18,602 vehicles per day. The property features strong investment fundamentals including a weighted average lease term (WALT) of 5.59 years, an 8.12% current cap rate, and an 8.49% cap rate effective April 2027. Below...read more
Features
- Central Air
- Forced Air, Gas
- 2.0 Stories
- $22,470 / year Taxes
- Public
- Built in 1984
Gallery
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Listed By
Agency Name: Century 21 Homestar
Agency Contact: takacs.century21@gmail.com, 440-567-8047
Shown By
Agent Name: Melissa Hornbeck
Agent Phone: (240) 727-5830
Agency Title: Old Colony, REALTORS®
Agency Contact: Contact
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