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6000 Parkland Blvd Mayfield Heights, OH

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For Sale
$5,799,900

Value-add professional building with high return potential in Mayfield Heights.

Property size:
77,332 SF
Lot size:
6.31 Acres

Property Features for 6000 Parkland Blvd

General Information

Size
77,332 SF
Lot size
6.31 Acres

Source: Cooper Commercial Investment Group Agent Dan Cooper

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Class A Office Building Opportunity

This Class A professional building presents a value-add opportunity in Mayfield Heights. The property is situated at a signalized corner location at the entrance to the Landerhaven Corporate Center, offering excellent exposure along Lander Road and directly across from Parker-Hannifin’s global headquarters. The building features a contiguous layout conducive to mixed uses, with two identical wings connected by a large, diagonally oriented glass atrium. One wing extends to the south (Lander), while the other extends to the east (Parkland). The property benefits from strong current tenancy, including in-place income from a recent NNN lease extension with Howard Hanna, a top residential real estate company nationally. The current occupancy is at 33%. This location is an ideal opportunity for an owner-user headquarters.
Location Intelligence

Current Use by Public Records

Office buildings

Map

City
Mayfield Heights
County
Cuyahoga
State
Ohio
Longitude
-81.457896
Latitude
41.5192189

FAQs

What type of property is this?
Office building - Value-add professional building with high return potential in Mayfield Heights.
Where is this office building located?
The property is located at 6000 Parkland Blvd Mayfield Heights, OH.
What is the asking price?
The asking price for this property is $5,799,900.
What are key features of this property?
This property features: - Stabilized 15.28% CAP Rate with 40% Year-1 Projected Cash-on-Cash Return.; - Below Replacement Cost Value-Add Opportunity in a Class "A" Professional Building.; - Irreplaceable Real Estate with Tremendous Upside Potential.
More about this property
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