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6000 Parkland Blvd
Mayfield Heights, OH 44124

Price Upon Request

Office For Sale • 77,333 SF

Property Details

Property Type Office
Total Building Size 77,333 SF
Lot Size 6.3 AC
Building Class A
Year Built 1998
Tenancy Multiple
Zoning U-7

0 Transit Score

50 Walk Score

                
                    Highlights
                
                                LOCATION, LOCATION, LOCATION! Unbelievable opportunity for Class A professional building at far below replacement cost.
                            
                                Irreplaceable real estate: tremendous upside (33% occupied) or value-add investment, perfect opportunity for owner/user headquarters location.
                            
                                Stabilized 15.28% CAP rate & whopping 40% tear-1 projected cash-on-cash return at asking price (95% occ.), generating an estimated $934K NOI increase.
                            
                                Signalized corner at entrance to Landerhaven Corp. center | Excellent exposure on Lander & across from Parker Hannifin’s global HQ (61K employees).
                            
                                Strong current tenancy offering in-place income from recent NNN lease extension with Howard Hanna (Top residential real estate company nationally).
                            
                                Strong, affluent market: Avg. household incomes $146K+ in 5 miles with state-rated Excellent & top-rated Mayfield Exempted Village School District.

Major Tenants

Tenant	SF Occupied	Lease End Date
Howard Hanna	25,778 SF	6/1/2030

Amenities

24 Hour Access
Atrium
Controlled Access
Conferencing Facility
Courtyard
Food Service
Property Manager on Site
Security System
Signage
Skylights
Wheelchair Accessible
Roof Terrace
Storage Space
Monument Signage
Outdoor Seating
Air Conditioning
Balcony
Smoke Detector

Public Transportation

Airport	Drive	Walk	Distance
Cleveland-Hopkins International	40 min	-	26.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	409
Type:	Surface
Included in Rent:	Yes

6000 Parkland Blvd OFF MARKET Mayfield Heights, OH 44124 OFF MARKET