23360 Michelle Drive

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23360 Michelle Drive

Bedford Heights, OH 44146
Asking Price
$1.50M
Asset Type
Warehouse Retail
Class
Class B

What's Special

Retail | 9,802 SqFt <ul><li>​Excellent location for a quasi-retail use: close to industrial, residential, and commercial pockets</li><li>​ Easy access to I-480 and I-271</li><li>​ Approximately 4,200 SF available for use</li><li>​ $96,000 Year 1 Net Operating Income</li><li>​ Excellent opportunity for partial owner-user with existing cash flow on a long-term lease</li><li>​ High-credit tenant in place</li><li>​ Zoned B1 - Local Retail which allows for a large variety of uses</li></ul>

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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179

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