2019 Center StCleveland, OH 44113

This exceptional Class A, mixed-use office building, totaling 52,711 square feet, presents a compelling investment opportunity in Cleveland's vibrant Ohio City neighborhood. The six-story building, constructed in 1995 and renovated in 2018, boasts a current occupancy rate of 92%, with a pro-forma NOI of $522,470 and an 8.71% cap rate. Tenants include a mix of corporate and credit-rated businesses, operating under a gross lease structure. The building features a desirable "brick and beam" aesthetic, a convenient on-site fitness center, and is anchored by a highly-rated Italian restaurant. The asking price is $6,000,000, with a price per square foot of $113.83. A significant advantage is the inclusion of an adjacent development lot, providing future expansion possibilities for parking or new construction. The property's location within Ohio City offers proximity to numerous amenities, including the West Side Market, Lutheran Hospital, St. Ignatius High School, and Great Lakes Brewing Company, as well as hundreds of apartments and retail spaces. Move-in ready spaces are available, ensuring a smooth transition for new ownership. This stabilized asset offers immediate income and significant long-term growth potential. The building currently houses ten tenants.