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165 Smokerise Dr 30,248 SF 100% Leased Office Building Wadsworth, OH 44281 $5,844,000 ($193.20/SF) 8% 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.
An additional 2.39 acres of developable land appraised at $520,000 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.

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

$5,844,000

Price Per SF

$193.20

Cap Rate

NOI

$467,625

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 global privately owned engineering and construction firm providing legendary client service and smart solutions in water, environment, transportation, energy and facilities. Founded in 1947 with a commitment to solve the world’s toughest environmental and infrastructure challenges, they have been staying true to this promise for years, forging tremendous, long-standing relationships along the way. Always looking forward, they prepare today for the problems they may face tomorrow, guiding their clients through uncertainty and forging a path towards a more promising future. And with the power of independence, they make decisions based on what’s best for their clients and their employees, not outside investors. They reinvest in their people, tools and technology to find better solutions and foster amazing careers.