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165 Smokerise Dr 30,248 SF 100% Leased Office Building Wadsworth, OH 44281 $6,230,000 ($205.96/SF) 7.51% 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.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
30,248 SF
Building Class
B
Year Built/Renovated
1989/1998
Price
$6,230,000
Price Per SF
$205.96
Cap Rate
7.51%
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)
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | 040-20A-03-179, 040-20A-03-180 | Improvements Assessment | $1,319,000 |
| Land Assessment | $353,130 | Total Assessment | $1,672,130 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$353,130
Improvements Assessment
$1,319,000
Total Assessment
$1,672,130
MAP
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