1909 Williamsburg WayLouisville, OH 44641

For Sale
$1,900,000

High-yield medical office building, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 11,448 square foot, single-story Class B medical office building located at 1909 Williamsburg Way, Louisville, OH 44641. The property, built in 2002 and situated on a B5 zoned lot (APN 3605444), boasts a 7.02% cap rate and a strong net operating income (NOI) of $133,400. Currently 100% occupied by three tenants under a triple-net (NNN) lease with Aultman Health Foundation, the lease extends to January 1, 2043, providing long-term stability and predictable cash flow. The building offers modern amenities and ample parking, strategically located with easy access to major highways, making it highly attractive to both patients and medical providers. This multi-tenant property represents a secure and lucrative investment opportunity in a growing healthcare market. The asking price is $1,900,000.

Highlights

  • Exceptional investment opportunity with a long-term lease to Aultman Health Foundation.
  • 11,448 SF single-story Class B medical office building, built in 2002, on a B5 zoned lot (APN 3605444) in Louisville, OH.
  • Triple-net (NNN) lease with a 7.02% cap rate and $133,400 NOI.
  • Currently 100% occupied, with lease extending to January 1, 2043 (with option).
  • Prime location on Rt 62 and California Blvd, offering easy access to Louisville, Alliance, and Canton.

Property Details for 1909 Williamsburg Way

Property type
Other office properties, Medical offices
Square Feet
11,448 SF
Class
B
Year Built
2002
Buildings
1
Stories
1
Units
3

Location Insight

City
Louisville
County
Stark
State
Ohio
Latitude
40.8498626824
Longitude
-81.278689711151
1909 Williamsburg Way, Louisville, Ohio

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1909 Williamsburg Way
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