NNN Commercial
For Sale
Contact for pricing
8555 Day Dr, Parma, OH 44129
Two-level property with a fully leased first floor and vacant second-floor storage area.
Property Size60,165 SF
Price / SF$66.47
Days on Market12
Property Features for 8555 Day Dr
General Information
Standard status
Active
Size
60,165 SF
Property subtype
SPECIALTY
Net Operating Income
$339,635
Financials
Asking Price
$3,999,000
Cap Rate
8.5%
Building Details
Buildings
1
Stories
2
Building Size
60,165 SF
Listing Agency:
eXp Commercial - OH
(360) 685-4206
Listed By:
Kas Filippova · License #2020006531
(360) 685-4206
Source:
Moodyscre
Added: Aug 7
Changed: Aug 13
Last Checked: Aug 17 at 7:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial - OH
Investment Insights
Based on property information with market context.
This two-level commercial building contains ±60,165 SF. The first floor spans ±31,500 SF and is fully leased to Oakmont Education, LLC under two cross-defaulted NNN leases with matching expiration dates. The agreements run through June 30, 2036, include two five-year renewal options, and place taxes, insurance, and CAM obligations with the tenant. Controllable operating costs are capped at 4% annually.
Building improvements include a new roof, new HVAC units, exterior paint, approximately ±47,500 SF of resurfaced parking with new lot lighting, and a purpose-built school interior. The ±28,665 SF second-floor storage area is vacant and was last leased at $3.75/SF; the source information also identifies a contractual +$20,365/yr rent step-up when that space is placed in service by 9/1/2028. The property is located at 8555 and 8735 Day Drive in Parma, Ohio.
Building improvements include a new roof, new HVAC units, exterior paint, approximately ±47,500 SF of resurfaced parking with new lot lighting, and a purpose-built school interior. The ±28,665 SF second-floor storage area is vacant and was last leased at $3.75/SF; the source information also identifies a contractual +$20,365/yr rent step-up when that space is placed in service by 9/1/2028. The property is located at 8555 and 8735 Day Drive in Parma, Ohio.
Key Highlights
- ±60,165 SF two‑level commercial building
- ±31,500 SF first floor is 100% leased under two NNN leases through June 30, 2036
- Two five‑year renewal options could extend the lease term to 2046
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Explore this area
Business Placement
Demographics for 44129, OH
28,803
Population
12,756
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
5.8 sq mi
ZIP Area
4,966
Density / Sq Mi
$67,619
Median Household Income
$39,174
Median Earnings
$1,024
Median Rent
$150,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Two-level property with a fully leased first floor and vacant second-floor storage area.
Where is this nnn property located?
The property is located at 8555 Day Dr Parma, OH.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: ±60,165 SF two‑level commercial building; ±31,500 SF first floor is 100% leased under two NNN leases through June 30, 2036; Two five‑year renewal options could extend the lease term to 2046
