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165 Smokerise Dr 30,248 SF 100% Leased Office Building Wadsworth, OH 44281 $5,500,000 ($181.83/SF) 8.50% Cap Rate

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EXECUTIVE SUMMARY

100% occupied 30,248 SF NNN office investment (lease expires March 31, 2030).
Built in 1989 and renovated in 2019; new roof installed in 2019.
The tenant, CDM Smith Inc., is an American engineering and construction company with over 6,000 employees in 131 offices—85 of those being in the United States.
140 surface parking spaces.
Wadsworth, Ohio is one of the fastest growing cities in northeast Ohio with huge potential for business growth.

Smokerise Drive 165 OM public

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Office

Building Size

30,248 SF

Building Class

Year Built/Renovated

1989/1998

Price

$5,500,000

Price Per SF

$181.83

Cap Rate

8.50%

NOI

$467,500

Percent Leased

100%

Tenancy

Multiple

Building Height

3 Stories

Typical Floor Size

6,092 SF

Building FAR

0.19

Lot Size

3.74 AC

Zoning

C-3

Parking

140 Spaces (5.74 Spaces per 1,000 SF Leased)

Signage

Air Conditioning

MAJOR TENANTS

Professional, Scientific, and Technical Services
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CDM Smith is a privately held engineering and construction firm headquartered in Boston, Massachusetts. Founded in 1947, the company provides integrated services in water, environment, transportation, energy, and facilities for public and private clients worldwide. CDM Smith offers planning, design, consulting, and program management, with expertise in emerging areas such as PFAS remediation, lead pipe replacement, and digital infrastructure solutions. The firm operates as an employee-owned company and has expanded globally through strategic acquisitions, including Wilbur Smith Associates in 2011 and Milestone Solutions in 2021. CDM Smith also launched Trinnex in 2022 to deliver digital services and software for municipal clients. The company remains focused on delivering sustainable infrastructure solutions and leveraging technology to address complex environmental and engineering challenges.