8747 Brecksville RdBrecksville, OH 44141

For Sale
$3,213,174

High-yield, multi-tenant property in Brecksville, OH.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional mixed-use investment property, located at 8747 Brecksville Rd in Brecksville, Ohio (44141), presents a compelling opportunity for discerning investors. The 10,603 square foot building, constructed in 1962 and renovated in 2004, sits on a 1.35-acre lot and boasts a strong 100% occupancy rate. Currently housing four tenants – Westfield Bank, Brecksville Dermatology, Platelet Disorder Support Association, and Home Instead – this multi-tenant building offers excellent diversification and stability. The property's strong financial performance is reflected in its impressive 7.75% capitalization rate and a Net Operating Income (NOI) of $249,021, with an asking price of $3,213,174 ($303.04 per square foot). The building is a two-story structure, categorized as mixed-use, encompassing office and retail spaces. Its prime downtown Brecksville location, coupled with a robust demographic profile and high household income ($170,000), ensures consistent demand and long-term value. This is a turnkey investment opportunity with excellent building condition and anchor tenant stability, making it an ideal addition to any portfolio. The property is situated in Cuyahoga County.

Highlights

  • Highly desirable downtown location.
  • Strong anchor tenant with long-term lease.
  • Dense population with favorable demographics.
  • High average household income in the immediate area.
  • Building in excellent physical condition.

Property Details for 8747 Brecksville Rd

Property type
Other retail properties, Individual retail properties
Square Feet
10,603 SF
Year Built/Renovated
1962/2004
Buildings
1
Stories
2
Lot Size (sq. ft)
58,806 SF
Units
4

Location Insight

City
Brecksville
County
Cuyahoga
State
Ohio
Latitude
41.324122
Longitude
-81.6262366
8747 Brecksville Rd, Brecksville, Ohio

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8747 Brecksville Rd
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