Commercial Properties forSale - August 2021

Page 1

Property Summary Report

22730 Fairview Center Dr - Bldg EFairview Park, OH 44126 - Southwest Submarket

BUILDING

Type 3 Star Office

Tenancy Multi

Year Built 2007

RBA 39,000 SF

Stories 2

Typical Floor 19,500 SF

Construction Masonry

LAND

Land Acres 0.45 AC

Zoning Commercial

Parcel 331-10-026

EXPENSES

Taxes $3.59/SF (2020)

AMENITIES

• Kitchen • Signage

FOR LEASE

Smallest Space

500 SF

Max Contigu-ous

2,700 SF

# of Spaces 2

Vacant 15,611 SF

% Leased 60.0%

Rent $24.00

Service Type Full Service Gross

Office Avail 5,311 SF

AVAILABLE SPACES

Floor Suite Use Type SF Available Flr Contig Bldg Contig Rent Occupancy Term

P 1st 160 Office Direct 2,611 2,611 2,611 $24.00/FS Vacant Negotiable

Avison Young

P 2nd 270 Office Direct 500 - 2,700 2,700 2,700 $24.00/FS 30 Days 1 - 10 Years

Avison Young

Existing space can be demised

Copyrighted report licensed to CoStar Group

Page 2

Property Summary Report

22730 Fairview Center Dr - Bldg EFairview Park, OH 44126 - Southwest Submarket

SALE

For Sale $4,350,000 ($111.54/SF)

Sale Type Owner User

Status Active

TRANSPORTATION

Parking 100 available (Surface);Ratio of 2.56/1,000 SF

Airport 13 min drive to Cleveland Hopkins International Airport

Walk Score® Car-Dependent (15)

Transit Score® Minimal Transit (14)

TENANTSZ-Suites 7,230 SF

Goldwater Bank 4,969 SF

Rockport Wealth Advisors 2,000 SF

Hospice of the Western Reserve 5,961 SF

Velocity Advisors 2,586 SF

Premium Security Inc 1,293 SF

PROPERTY CONTACTS

Primary Leasing Company Lydon Realty

22730 Fairview Center Dr

Fairview Park, OH 44126

(440) 348-1840 (p)

(440) 348-1835 (f)

Sales Company Avison Young

600 Superior Ave E

Cleveland, OH 44114

(216) 609-0303 (p)

Recorded Owner Fairview Office Land Holding L

7100 Pleasant Valley Rd

Independence, OH 44131

Leasing Company Avison Young

600 Superior Ave E

Cleveland, OH 44114

(216) 609-0303 (p)

True Owner Zaremba Management Company

22730 Fairview Center Dr

Fairview Park, OH 44126

(440) 348-1850 (p)

(440) 348-1835 (f)

Developer Zaremba Management Company

22730 Fairview Center Dr

Fairview Park, OH 44126

(440) 348-1850 (p)

(440) 348-1835 (f)

BUILDING NOTES

Located right off Interstate Route 480.

Copyrighted report licensed to CoStar Group

Page 3

Property Summary Report

21558-21564 Lorain RdFairview Park, OH 44126 - West Submarket

BUILDING

Type 2 Star Retail Storefront Retail/Res-idential

Tenancy Multi

Year Built 1927

GLA 7,723 SF

Stories 2

Typical Floor 3,861 SF

Docks None

Construction Masonry

LAND

Land Acres 0.30 AC

Zoning N/Av

EXPENSES

Opex $1.08/SF (2010)

Taxes $1.26/SF (2020)

PARCEL

TENANTSFairview Barbershop 1,097 SF

Craftsman Custom Flooring -

Le Hair Design Studio 1,097 SF

Le Salon -

AMENITIES

• Signage

FOR LEASE

Smallest Space

2,000 SF

Max Contigu-ous

2,000 SF

# of Spaces 1

Vacant 0 SF

% Leased 100.0%

Rent $10.25

Service Type Triple Net

Retail Avail 2,000 SF

AVAILABLE SPACES

Floor Suite Use Type SF Available Flr Contig Bldg Contig Rent Occupancy Term

Copyrighted report licensed to CoStar Group

Page 4

Property Summary Report

21558-21564 Lorain RdFairview Park, OH 44126 - West Submarket

Floor Suite Use Type SF Available Flr Contig Bldg Contig Rent Occupancy Term

P 1st Retail Direct 2,000 2,000 2,000 $10.25/NNN 30 Days 1 - 3 Years

Hanna Commercial Real Estate

+2,000 SF AvailableGreat Lorain Road Visibility - 15,126 VPDAcross street from Grocery Anchored Shopping PlazaMany National Retailers & Restaurants in AreaGood Location for Retail, Restaurant or Professionals13 Minutes to Cleveland-Hopkins AirportAccess to Route 237, I-71 & I-90House Approximately 1,300 SF13 Parking SpacesBillboard Sign on Property with 10 Year LeaseOffered for Sale at: $399,000Lease Rate: $10.25/SF, Gross

SALE

For Sale $399,000 ($51.66/SF)

Sale Type Investment

Status Active

Last Sale

Sold Price $285,000 ($36.90/SF)

Date Apr 2010

Sale Type Investment

Cap Rate 9.62%

TRAFFIC & FRONTAGE

Traffic Volume 12,844 on Lorain Rd & W 220th St SW (2018)

16,810 on Lorain Rd & - (2017)

Frontage 104' on Lorain Rd

Made with TrafficMetrix® Products

TRANSPORTATION

Parking 10 available (Surface);Ratio of 1.60/1,000 SF

Airport 15 min drive to Cleveland Hopkins International Airport

Walk Score® Very Walkable (77)

Transit Score® Some Transit (35)

Copyrighted report licensed to CoStar Group

Page 5

Property Summary Report

21558-21564 Lorain RdFairview Park, OH 44126 - West Submarket

PROPERTY CONTACTS

Primary Leasing Company Hanna Commercial Real Estate

1350 Euclid Ave

Cleveland, OH 44115

(216) 861-7200 (p)

(216) 861-4672 (f)

True Owner Hazem M Nouraldin

25200 Center Ridge Rd

Westlake, OH 44145

(440) 899-7595 (p)

Previous True Owner Ohliger Drug Stores

21720-21732 Lorain Rd

Fairview Park, OH 44126

(440) 333-1200 (p)

(440) 333-1207 (f)

Sales Company Hanna Commercial Real Estate

1350 Euclid Ave

Cleveland, OH 44115

(216) 861-7200 (p)

(216) 861-4672 (f)

Recorded Owner Realty 7 Llc

21564 Lorain Rd

Fairview Park, OH 44126

BUILDING NOTES

Very Well maintained, mixed-use property for the smart investor!

3 storefronts, 2 apartments, and a rear rental house. All presently occupied!

Loads of off street parking, many updates, and a location in "downtown" Fairview Park. Near shopping, banking and a new recreation center. Call today!!

SALE HIGHLIGHTS

• Good Location for Retail, Restaurant or Professionals

• Access to Route 237, I-71 & I-90

• Great Lorain Road Visibility

• Billboard Sign on Property

Copyrighted report licensed to CoStar Group

Page 6

Property Summary Report

20520 Lorain RdFairview Park, OH 44126 - West Submarket

LAND

Type 2 Star Commercial Land

Land AC - Gross 0.78 AC

Land SF - Gross 33,977 SF

Topography Level

Parcel 323-20-029

ZONING & USAGE

Zoning General Business A

Proposed Use Commercial, Mixed Use, MultiFamily, Office, Restaurant, Retail

CURRENT CONDITION

Grading Raw land

Infrastructure Cable, Curb/Gutter/Sidewalk, Elec-tricity, Gas, Irrigation, Sewer, Streets,

TRAFFIC & FRONTAGE

Traffic Volume 1,640 on Westwood Ave & W 210th St W (2014)

16,082 on W 210th St & Eastwood Ave N (2018)

Made with TrafficMetrix® Products

TRANSPORTATION

Airport 16 min drive to Cleveland Hopkins International Airport

Walk Score® Somewhat Walkable (54)

Transit Score® Some Transit (38)

SALE

For Sale $119,000 ($152,564/AC - $3.50/SF)

Sale Type Investment

Status Active

PROPERTY CONTACTS

Sales Company City of Fairview Park

20777 Lorain Rd

Fairview Park, OH 44126

(440) 356-4405 (p)

Recorded Owner City Of Fairview Park Oh Land

20520 Lorain Rd

Fairview Park, OH 44126

True Owner City of Fairview Park

20777 Lorain Rd

Fairview Park, OH 44126

(440) 356-4405 (p)

SALE HIGHLIGHTS

• Excellent visibility with great frontage on Lorain Road.

Copyrighted report licensed to CoStar Group

Page 7

Property Summary Report

20925 Lorain RdFairview Park, OH 44126 - West Submarket

BUILDING

Type 2 Star Office

Year Built 1960

RBA 2,500 SF

Stories 2

Typical Floor 1,250 SF

Construction Masonry

LAND

Parcel 322-02-006

EXPENSES

Taxes $3.18/SF (2020)

SALE

For Sale $249,000 ($99.60/SF)

Sale Type Owner User

Status Active

TRANSPORTATION

Airport 16 min drive to Cleveland Hopkins International Airport

Walk Score® Somewhat Walkable (64)

Transit Score® Some Transit (37)

PROPERTY CONTACTS

Sales Company CBRE

950 Main Ave

Cleveland, OH 44113

(216) 687-1800 (p)

(216) 363-6466 (f)

SALE HIGHLIGHTS

• Converted duplex could easily be converted back for unique live/work opportunity

• Prominent visibility with signage on Lorain Rd, just east of West 210th

• Conveniently located along the Fairview Park commercial corridor with proximate access to I-480, I-90 and Cleveland Hopkins International Airport

• Ample neighborhood amenities including retail, dining and grocery stores within minutes

Copyrighted report licensed to CoStar Group

Page 8

Property Summary Report

21125 Lorain RdFairview Park, OH 44126 - West Submarket

BUILDING

Type 1 Star Specialty

Year Built 1958

GBA 9,268 SF

Stories 1

Construction Masonry

LAND

Land Acres 0.85 AC

Parcel 321-34-006

EXPENSES

Taxes $1.07/SF (2020)

SALE

For Sale $1,600,000 ($172.64/SF)

Sale Type Investment or Owner User

Status Active

TRANSPORTATION

Parking 10 available (Surface);Ratio of 1.08/1,000 SF

Airport 16 min drive to Cleveland Hopkins International Airport

Walk Score® Very Walkable (71)

Transit Score® Some Transit (37)

TENANTSMagic Touch Car Wash -

PROPERTY CONTACTS

Primary Leasing Company DJD Land Investment Co.

21135 Lorain Rd

Fairview Park, OH 44126

(440) 331-3034 (p)

True Owner DJD Land Investment Co.

21135 Lorain Rd

Fairview Park, OH 44126

(440) 331-3034 (p)

Previous True Owner D J D Land Investment Company

21135 Lorain Rd

Cleveland, OH 44126

(440) 331-3034 (p)

Sales Company Keller Williams Citywide EZ Sales Team

2001 Crocker Rd

Westlake, OH 44145

(440) 892-2211 (p)

(440) 808-9344 (f)

Recorded Owner Djd Investment Co L L P

21125 Lorain Rd

Cleveland, OH 44126

(440) 331-3034 (p)

BUILDING NOTES

Newly renovated turn-key operating car wash. Located near the intersection of Lorain Rd and W 211th St.

Copyrighted report licensed to CoStar Group

Page 9

Property Summary Report

21400 Lorain RdFairview Park, OH 44126 - West Submarket

BUILDING

Type 2 Star Office

Tenancy Single

Year Built 1956

RBA 4,608 SF

Stories 2

Typical Floor 2,304 SF

Construction Masonry

LAND

Land Acres 0.23 AC

Zoning GB

Parcel 321-05-002

EXPENSES

Taxes $2.64/SF (2020)

SALE

For Sale $395,000 ($85.72/SF)

Sale Type Owner User

Status Active

Last Sale

Sold Price $360,000 ($78.13/SF)

Date Aug 2006

Sale Type Investment or Owner User

TRANSPORTATION

Airport 16 min drive to Cleveland Hopkins International Airport

Walk Score® Very Walkable (75)

Transit Score® Some Transit (37)

TENANTSFarmers Insurance 100 SF

Copyrighted report licensed to CoStar Group

Page 10

Property Summary Report

21400 Lorain RdFairview Park, OH 44126 - West Submarket

PROPERTY CONTACTS

Sales Company RJ Wohl Company

1991 Crocker Rd

Westlake, OH 44145

(440) 835-0300 (p)

(440) 835-0055 (f)

Recorded Owner NM Commercial Properties LTD

21400 Lorain Rd

Fairview Park, OH 44126

Previous True Owner Zion & Dyan Dahari

925 Marseille Dr

Miami Beach, FL 33141

(305) 608-6671 (p)

True Owner NM Residential

485 N Keller Rd

Maitland, FL 32751

(440) 331-8800 (p)

(440) 331-8815 (f)

Previous True Owner NM Commercial Properties LTD

21400 Lorain Rd

Fairview Park, OH 44126

Property Manager NM Residential

485 N Keller Rd

Maitland, FL 32751

(440) 331-8800 (p)

(440) 331-8815 (f)

SALE HIGHLIGHTS

• High Traffic Area

• Corner Lot

Copyrighted report licensed to CoStar Group

Page 11

Property Summary Report

21946 Lorain Rd - Development SiteFairview Park, OH 44126 - West Submarket

LAND

Type 2 Star Commercial Land

Land AC - Gross 1.00 AC

Land SF - Gross 43,560 SF

Parcel 321-29-012

ZONING & USAGE

Zoning GB

TRAFFIC & FRONTAGE

Traffic Volume 12,844 on Lorain Rd & W 220th St SW (2018)

16,810 on Lorain Rd & - (2017)

Made with TrafficMetrix® Products

TRANSPORTATION

Airport 15 min drive to Cleveland Hopkins International Airport

Walk Score® Very Walkable (79)

Transit Score® Some Transit (34)

SALE

For Sale Price Not Disclosed

Sale Type Investment

Status Active

PROPERTY CONTACTS

Sales Company CBRE

950 Main Ave

Cleveland, OH 44113

(216) 687-1800 (p)

(216) 363-6466 (f)

SALE HIGHLIGHTS

• Strong traffic counts of 14,562 VPD (source ODOT TIMS).

• Dense market of 82,236 and daytime population of 80,653 daytime population in a 3 mile radius.

Copyrighted report licensed to CoStar Group

Page 12

Property Summary Report

22790 Lorain RdFairview Park, OH 44126 - N Olmsted/Fairview Submarket

BUILDING

Type 2 Star Industrial Warehouse

Year Built 1924

Year Renov 1962

RBA 4,077 SF

Stories 2

Typical Floor 2,039 SF

Construction Masonry

LAND

Land Acres 0.34 AC

Parcel 321-18-014

EXPENSES

Taxes $1.00/SF (2020)

LOADING

Docks None

Rail Spots None

Drive Ins 1 tot.

SALE

For Sale $349,900 ($85.82/SF)

Sale Type Investment or Owner User

Status Under Contract

TRANSPORTATION

Airport 14 min drive to Cleveland Hopkins International Airport

Walk Score® Somewhat Walkable (50)

Transit Score® Some Transit (27)

PROPERTY CONTACTS

Sales Company Century 21 Deanna Realty

125 Hilliard Rd

Elyria, OH 44035

(440) 731-8070 (p)

Recorded Owner 22800 Lorain Llc

24135 Smith Ave

Westlake, OH 44145

True Owner Lawrence Wagner

24135 Smith Ave

Westlake, OH 44145

(954) 781-9511 (p)

Copyrighted report licensed to CoStar Group

Page 13

Property Summary Report

22740 Fairview Center DrFairview Park, OH 44126 - Southwest Submarket

LAND

Type 2 Star Commercial Land

Land AC - Gross 0.92 AC

Land SF - Gross 40,001 SF

ZONING & USAGE

Zoning commerical

CURRENT CONDITION

Infrastructure Cable, Curb/Gutter/Sidewalk, Elec-tricity, Gas, Irrigation, Sewer, Streets,

TRAFFIC & FRONTAGE

Traffic Volume 13,159 on Clague Rd & I- 480 W (2020)

23,699 on Clague Rd & I- 480 S (2017)

Made with TrafficMetrix® Products

TRANSPORTATION

Airport 12 min drive to Cleveland Hopkins International Airport

SALE

For Sale $975,000 ($1,061,745/AC - $24.37/SF)

Sale Type Investment

Status Active

PROPERTY CONTACTS

Sales Company Avison Young

600 Superior Ave E

Cleveland, OH 44114

(216) 609-0303 (p)

Recorded Owner Northern Ohio Office Construction Inc

14806 Detroit Ave

Lakewood, OH 44107

Copyrighted report licensed to CoStar Group