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Price: $5,242,812

CAP Rate: 8.00%

Address: 36001 Euclid Ave.

City: Willoughby

State: OH

Zip: 44094

Down Payment: $1,310,703

Sq. Ft.: 25,647

Lot Size: 1.86

Status: Available

NOI: $419,425


Willo Medical is a two-story medical office building directly across the street from Lake West Hospital. It was completely renovated in 2005 with over $1.2M in capital improvements. They include roof, exterior, front/rear parking lot (completely removed and replaced), HVAC, ADA elevator, and interior facelift. The investment offers substantial upside with additional lease-up of vacant space. Placing new debt yields a 11.67% cash on cash return and 19.06% total return based on current income.

Investment Highlights:

80% Occupancy Offering Real Upside

Completely Renovated 25,647 SF Medical Office Building

Directly Across from Lake West Hospital

Demand for Medical Office Space Continues to Grow in Submarket

Located in Willoughby's Main Retail Corridor

Surrounded by National Credit Tenants Including Target, Lowe's, OfficeMax, Petsmart, SBUX, Chipotle, Dunkin Donuts, and Panera

Strong Residual Land Value

Financing Summary:

75% LTV 3.75%, 25 year amortization, 5 year term

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Disclaimer : Information has been secured from sources we believe reliable but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage is approximate. Buyer must verify the information and bear all risks for any inaccuracies. cannot be held responsible for errors, omissions, prior sale, withdrawals from market or change in price or terms without notice. All information is for internal use in order to determine if property is appropriate for prospective purchase.