4535 Stephen CirCanton, OH 44718

For Sale
$10,100,000

Two B-Class office buildings, fully leased.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents two Class B office buildings totaling 61,949 square feet situated on a 4.11-acre lot in Canton, Ohio. The property, encompassing 4535 Dressler Rd NW and 4506 Stephen Circle NW (APN 10002578, 10002579), consists of two buildings constructed in 1989 and 1994, each two stories high, and zoned B3. Currently 100% occupied by a single tenant under a modified NNN lease with annual escalations and nearly nine years remaining on the lease term, this property offers significant stability and income potential. The net rentable area is 61,281 square feet, with an asking price of $10,100,000, resulting in a price per square foot of $163.04 and a 7.29% cap rate. The property boasts a strong net operating income (NOI) of $736,539. This is a rare opportunity to acquire a well-located, fully leased office complex with a long-term tenant and substantial return on investment. The property's prime location in Canton, Ohio, offers easy access to major transportation routes and amenities. This is an ideal investment for those seeking a stable, high-yielding asset in a thriving market.

Highlights

  • $10,100,000 asking price for a fully leased office investment opportunity.
  • Two Class B office buildings totaling 61,949 square feet (61,281 net rentable) in Canton, Ohio.
  • 100% occupancy with a single tenant under a modified NNN lease.
  • 7.29% cap rate based on a $736,539 net operating income (NOI).
  • Located on a 4.11-acre lot at 4535 Dressler Rd NW and 4506 Stephen Circle NW, Canton, OH 44718.

Property Details for 4535 Stephen Cir

Property type
Other office properties, Office properties
Square Feet
61,949 SF
Class
B
Buildings
2
Stories
2
Lot Size (sq. ft)
179,032 SF

Location Insight

City
Canton
County
Stark
State
Ohio
Latitude
40.846301305137
Longitude
-81.434710177143
4535 Stephen Cir, Canton, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4535 Stephen Cir
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message