2221 Brookpark Road, Parma, OH 44134

Property Description

DON'T MISS THIS COMMERCIAL TRIPLE NET (NNN) ALL BRICK 2 STORY INVESTMENT!! This 2-story commercial property sits on one of Cleveland's highest traffic streets. Great visibility! This property boasts $53,400 Gross Annual w/ 10.8% CAP. 2 suites w/ ~10,800 + sq feet retail/office and 3500+ sq feet open storage space in basement accessed by main floor unit and includes 6 off street parking spaces up front. This fully occupied turnkey investment is triple Net tenancy with $4,100 Mo/ $49,200 Annual Income. This low - to no maintenance asset is prime to add value and cash flow to your portfolio at nearly a 9 Cap return. Occupants: Main Floor - Liquidation Company has been in business for 10 + years and uses the space for warehousing only. 2nd Floor - A well established and growing commercial photography / digital imaging company. Property Taxes - $3,743 Annually - Insurance $1743 Annually Each occupant has a the balance of their two year lease with 2 year option add on. Tenants pay for all utilities and maintenance. Deposits for all units

Listing Status:

Active

Listing Office:

Keller Williams Citywide : 440-892-2211

Listing Agent:

James P Matheos : 440-847-9033

MLS ID:

5099911

Interior

• Basement: FullConcreteUnfinished
• Heating: Forced Air

Exterior

• Parking: ConcreteOn SitePavedParking LotPrivateParking spaces: 6

Construction

• Roofing: AsphaltRolled/Hot Mop
• General: 3BasementBlock

Location

• Originating MLS: NOWDD_NORM
• School District: Parma CSD - 1824
• County: Cuyahoga

Lot

• Zoning: 1 BRKVW#3 0195 ALL445-01-036
• Current Use: CommercialOfficeRetail

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM

This listing courtesy of James P Matheos, Keller Williams Citywide