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About This Home
This 0-bedroom, 0-bathroom commercial at 2221 Brookpark Road in Parma, OH is listed for $439,000. Built in 1955, on a 0.11 acres lot.
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 about $53,000 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 $4,400 Mo/ $49,200 Annual Income. This low - to no maintenance asset is prime to add value and cash flow w/ no management and/or low maintenance to your portfolio. 1st Floor - Occupants: Main Floor - established Tabacco and Vape Retailer - 5-year lease (has been in business for 10 + years and uses the space for warehousing only.
2nd Floor occupant - A well established and growing commercial photography / digital imaging company. (Lease has 2 years left) - Property Taxes - $3,743 - Insurance - $1,734 Annually Each occupant has the balance of their lease with 5 and 2-year options respectively. No Delinquencies or back rents. Tenants pay for all utilities and maintenance. Deposits in escrow for all units.
Key Features
- Built in 1955
- 0.11 acre lot
- 3 stories
- 6 parking spaces
Property Details
Monthly Cost Estimate
$2,348/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2221 Brookpark Road
Parma, OH 44134
Brookview
Property Details
Parking
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 2221 Brookpark Road is listed at $439,000. The estimated monthly payment is $1,902 based on 20% down at 6.5% interest.
Key features include: Built in 1955, 0.11 acre lot, 3 stories, 6 parking spaces.
This property is listed by James P Matheos and can be reached at 4408479033 or jmatheos@kw.com.
