Sprague Road Office Bldg.

Short Description:
Sprage Road NNN Office Bldg. – 100% Occupied w/ Great National & Regional Tenant Mix – 8.46% Cap – Projected 11.30% Year 1 Cash-on-Cash Return – Great Demographics w/ Superb Visibility and Highway Accessibility – Cleveland, OH

Details
Sprague Road Office Building is a 21,850 square foot office building located in the picturesque, progressive suburb of Strongsville, Ohio. The center is currently 100% occupied with a diverse mix of national and regional tenants including a payroll and human resources consulting firm, a global transport and logistics company, a YellowBook office, a tree service company, and a psychology office. All tenants are on Triple Net (NNN) Leases and are separately metered to pay utilities direct. Tenancy at Sprague Road Office Building has historically been long term and tenants find immense customer loyalty in the given market. Furthermore, 80.13% of the tenants contribute to administrative and management fees. With a projected 11.30% year 1 cash-on-cash return, this asset can provide the right investor with a stable well-tenanted office property in a booming suburb of Cleveland, Ohio. With all NNN leases, full occupancy, and mostly all long-term tenants in place, Sprague Road Office Building is positioned with great accessibility off I-71 and I-80 (Ohio Turnpike) in an area bustling with economic development.

 Full Offering Memorandum