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4050 E 116th St
Cleveland, OH 44105
Asking Price
$299K
Cap Rate
11.37%
Asset Type
Flex Office
Class
Class B
What's Special
4 Rollup Doors to 4 Industrial Shops + 9 Offices | 11.37% CAP | 9,424 SqFt <ul><li>Can be rented as 2-4 units.</li><li>Demand for automotive repair and storage next to Eagle Auto Parts</li><li>Good retail visibility at Harvard T Intersection with stopped traffic facing building.</li><li>Central location, most of Cleveland reachable in 25 min.</li><li>4 Drive-through Rollup doors to 6440 SF of shop space with glass block lighting</li><li>Shops have 14' ceilings, concrete floors, block walls and sewer taps.</li><li>9 Offices including Lobby and stylish conference
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NOI
$80,000
Cap Rate
26.76%
DSCR
4.51
Strong
Cash-on-Cash
69.40%
Monthly Payment
$1,479.289
Annual Cash Flow
$62,248.534
