Multi-Tenant Professional/Medical Office Building
For sale is the 100% fee-simple interest in the Solon Professional/Medical Office Building, a 13,131 square foot multi-tenant office is located in Solon, Ohio. The city of Solon has been recognized by Money in its list of “Best Places to Live” numerous times, placing 23rd in 2009, 3rd in 2011, and 10th in 2015. The property is a modern, multi-tenant, Class A office building located in the Solon office district, which is home to 900 businesses from large corporations to mom-and -pop shops (major employers surrounding the property include: Nestle, Swagelok, CVS Caremark, Pentair, ERICO International Corporation, Cleveland Clinic Foundation, King Nut Company, InterDesign Inc., and many more). The office building is conveniently located with highway access to U.S. Route 422 (48,912 VPD), connecting Solon to Downtown Cleveland. With over 85% of the GLA leased to successful national and regional, long-term tenants and leases, the asset offers an investor a stabilized return with year 1 cash-on-cash return to be 8.8%.