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165 Smokerise Dr

30,248 SF 100% Leased Office Building Wadsworth, OH 44281 $6,450,000 USD ($213 USD/SF) 7.25% Cap Rate

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.
An additional two (2) acres of developable land valued at $300,000 is included in the sale.
140 surface parking spaces.
Wadsworth, Ohio is one of the fastest growing cities in northeast Ohio with huge potential for business growth.

Attachments

Smokerise Drive 165 OM public

Property Facts

Sale Type
Investment NNN
Property Type
Office
Building Size
30,248 SF
Building Class
B
Year Built/Renovated
1989/1998
Price
$6,450,000 USD
Price Per SF
$213 USD
Cap Rate
7.25%
NOI
$467,625 USD
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)

Amenities

  • Signage
  • Air Conditioning
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165 Smokerise Dr, Wadsworth, OH - aerial map view

PROPERTY TAXES

Parcel Numbers
Multiple
  • 040-20A-03-179
  • 040-20A-03-180
 Improvements Assessment $1,319,000 USD
Land Assessment $353,130 USD Total Assessment $1,672,130 USD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 040-20A-03-179
  • 040-20A-03-180
Land Assessment
$353,130 USD
Improvements Assessment
$1,319,000 USD
Total Assessment
$1,672,130 USD
(614) 802-2900

Contact

  • Listing ID: 34254870

  • Date on Market: 12/20/2024

  • Last Updated:

  • Address: 165 Smokerise Dr, Wadsworth, OH 44281

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165 Smokerise Dr
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165 Smokerise Dr

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(614) 802-2900

(614) 802-2900

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