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Office Medical

8401 Mentor Avenue

8401 Mentor Ave, Mentor, OH 44060

Listing Price: $1,525,000

Cap Rate
7.23%
Gross SF
10,938
Rentable SF
8,281
Price/Gross SF
$139.42
Occupancy
100.0%
Year Built
1999
Lot Size
1.28 acres

Investment Overview

Marcus & Millichap is pleased to present a fee-simple ownership opportunity at 8401 Mentor Avenue located in Mentor, Ohio. This three-tenant property was constructed in 1999 and is 100 percent occupied by three tenants. The largest being LUMINA Imaging and Diagnostics, a state-of-the-art Hitachi Healthcare supplied Facility that specializes in CT scans and MRI imaging. The balance of the property is occupied by a two operating room ambulatory surgery center doing business as Lake County Pain & Diagnostic Center and Geauga Rehabilitation Engineering. The site sits on 1.3 acres offering 8,281 square feet of class B medical office space.

Investment Highlights

  • At $139.42 per Rentable Square Foot, the Asset is Priced on the Lower End of Other Medical Comparable Properties
  • Average Rental Rate $22.58 per Square Foot, Both Gross and Net Lease Structure
  • 10,938 Rentable Square Foot Fully Occupied Multi-Tenant Medical Office Building

Exclusively Listed By

Financing By

Office Medical

8401 Mentor Avenue

Listing Price: $1,525,000

Cap Rate
7.23%
Gross SF
10,938
Rentable SF
8,281
Price/Gross SF
$139.42
Occupancy
100.0%
Year Built
1999
Lot Size
1.28 acres

Investment Highlights

  • At $139.42 per Rentable Square Foot, the Asset is Priced on the Lower End of Other Medical Comparable Properties
  • Average Rental Rate $22.58 per Square Foot, Both Gross and Net Lease Structure
  • 10,938 Rentable Square Foot Fully Occupied Multi-Tenant Medical Office Building

Investment Overview

Marcus & Millichap is pleased to present a fee-simple ownership opportunity at 8401 Mentor Avenue located in Mentor, Ohio. This three-tenant property was constructed in 1999 and is 100 percent occupied by three tenants. The largest being LUMINA Imaging and Diagnostics, a state-of-the-art Hitachi Healthcare supplied Facility that specializes in CT scans and MRI imaging. The balance of the property is occupied by a two operating room ambulatory surgery center doing business as Lake County Pain & Diagnostic Center and Geauga Rehabilitation Engineering. The site sits on 1.3 acres offering 8,281 square feet of class B medical office space.

Exclusively Listed By

Financing By

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