For Sale
Property summary
This nine-story, multi-tenant office complex presents a compelling investment opportunity. The 90,000 square foot building (82,916 square feet rentable) sits on a 4.88-acre lot in Independence, Ohio, within Cuyahoga County's third-largest submarket. Currently 71% occupied, this Class B building offers significant upside potential due to below-market lease rates. The property boasts 250 parking spaces, with additional land available for expansion. Conveniently located near I-77, I-480, and SR 17 (Jennings Freeway), it offers easy access while avoiding the congestion of Rockside Road. Amenities include a full-service cafe in the main lobby and an on-site conferencing center. Built in 1969, the building features large windows providing excellent natural light and views. The asking price is $1,900,000, translating to $21.11 per square foot. The property is zoned for General Industrial use and features a modified lease type with credit-rated tenants. This stabilized investment is for sale by owner and presents an outstanding opportunity for an entrepreneurial investor or owner/user. The property's address is 5755 Granger Rd, Independence, OH 44131 (APN: 561-02-024).
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of this zone is to promote commercial or industrial uses
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
U-6 · Independence, OHThe intent of this zone is to promote commercial or industrial uses
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for U-6 in Independence, OH.
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Find the owner behind the property.
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