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6000 Parkland Blvd
Mayfield Heights, OH 44124

$5,400,000 USD

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 1991
  • Tenancy Multiple
  • Zoning U-7
0 Transit Score
50 Walk Score

Highlights

LOCATION, LOCATION, LOCATION! Unbelievable Opportunity for Class “A” Value-Add Professional Building at Far Below Replacement Cost of Only $69.83/SF
Irreplaceable Real Estate: Tremendous Upside (33% occupied) or Value-add Investment, Perfect Opportunity for Owner/User Headquarters Location.
Stabilized 16.41% CAP Rate & Whopping 44.06% Yr. 1 Projected Cash-on-Cash Return at Asking Price (95% Occup.), Generating 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).
Highly Affluent Market: Avg. Household Incomes $146K+ in 5 miles with State-Rated Excellent & Top-Rated Mayfield Exempted Village School District.

Property Flyers

Major Tenants

Tenant SF Occupied Lease End Date
Howard Hanna Property Management 25,778 SF 6/1/2030
Vacant Space 12,888 SF

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

AirportDriveWalkDistance
Cleveland-Hopkins International 40 min - 26.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 409
Type: Surface
Included in Rent: Yes
Dan Cooper 440-586-3903 Cooper Commercial Investment Group
Dan Cooper 440-586-3903 Cooper Commercial Investment Group