Royalton Business Park

Property Type: , | Property Status: Available and Featured Property

Royalton Business Park

Property Details

Price: $3,435,000

CAP Rate: 7.5%

Square Feet: 41,100

Tenancy Type: Mixed

Lease Type: NNN

Location Info

Address: 10139 Royalton Road

City: North Royalton

State: OH


Property Description

Short Description:
93% Occupied Mixed Use Asset: Strategically Positioned in the Heart of the Highly Desirable Suburban Market of North Royalton (Cleveland MSA)

• Low $83/S.F. Price Point: Tenured, Service-Oriented Tenants with Recent Lease Extensions, Enhancing Long-Term Rent Roll Stability • Strong Market with Average Household Incomes Over $102,000 Within 3-Miles & Densely Populated Suburban Location with Over 138,000 Residents Within a 5-Mile Radius • Diverse Tenant Mix: Anchored by Southwest General Medical Group (Partnering with University Hospitals, Moody’s “A2”), Heritage Floor Covering (In Place Since 2004) and Snider Recreation • Strategically Positioned in High Barrier to Entry Market with Excellent Frontage, High Visibility and Prominent Monument Signage • Well-Positioned with Great Highway Access: Along Royalton Road (26,000+ VPD), One of the Most Heavily Traveled Roadways Running Between Brecksville/Broadview Heights (I-77) and Strongsville, with Close Proximity to I-71 (Approx. 99,000 VPD) and I-80 (Ohio Turnpike) with Approx. 40,000 VPD • Surrounded by Loads of Complimentary Businesses, Retailers and Restaurants • Top-Notch School District Earning a College Success Award Gold for its Track Record in Helping Students Enroll and Succeed in College • Strong Employment Base: Boasting Hundreds of Companies and Thousands of Employees, Through the Education of Nearly 4,700 Students in the District and Near Numerous Health and Surgery Centers from The Cleveland Clinic, University Hospitals and MetroHealth • Desirable Suburban Community with Short Commute (19 Miles) to Downtown Cleveland with Immediate Proximity to Several Colleges and Universities and High-Profile Companies • Advantageous Location: Only 8 Miles from Cleveland Hopkins International Airport