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8555-8735 Day Dr
Parma, OH 44129

$3,999,000 USD

General Retail For Sale  •  60,000 SF

Property Details

  • Property Type General Retail
  • Total Building Size 60,000 SF
  • Lot Size 4.58 AC
  • Building Class C
  • Year Built 1973
  • Tenancy Multiple
  • Zoning Commercial, use – retail
30 Transit Score
60 Walk Score

Highlights

100% leased first floor (±31,500 SF) to Oakmont Education through 6/30/2036, plus two 5-year options to 2046
8.5% cap rate on ±$339,635 stabilized NOI at the $3,999,000 list price
True triple-net (NNN) structure — tenant pays taxes, insurance & CAM; controllable costs capped at 4%/yr
Heavily recapitalized: new roof, HVAC, exterior paint, ±47,500 SF parking, ~$399K school build-out
Embedded upside: vacant ±28,665 SF second-floor storage + contractual +$20,365/yr step-up (by 9/1/2028)
Prime Ridge Road (SR-3) frontage — 27,600+ VPD; ±0.5 mi from 332-bed UH Parma Medical Center

Property Flyers

Amenities

  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
19 min - 8.6 mi
19 min - 8.9 mi
AirportDriveWalkDistance
Cleveland-Hopkins International 19 min - 8.6 mi
Akron-Canton Regional 63 min - 45.1 mi
Kas Filippova 216-374-3689 eXp Commercial
Kas Filippova 216-374-3689 eXp Commercial