Court Appointed Receiver, Prodigy Properties, is pleased to present the opportunity to acquire 652-656 Youngstown Warren Rd., a medical office investment, located in Niles, OH, being offered with a revised price of $995,000. Niles is considered a submarket of Youngstown and is less than 8 miles Northwest of Youngstown, and less than 6 miles Southeast of Warren. Constructed in 1984, renovated in 2002, this medical office building features over 10,500 SF of medical or professional office space. INVESTMENT HIGHLIGHTS-Committed, long-standing tenants, all tenants have occupied their space for more than 15 years and have a history of consistent renewals.-Free & clear of debt, the property will be delivered free and clear of debt, allowing a new owner the opportunity to pursue a debt structure that complements their investment strategy.- Amenity base, within close proximity is an abundance of restaurants (fast food and casual), retail (shopping and grocery) & service providers.- Opportunity to add value, the offering provides the ability to add value through the lease-up of the currently vacant medical office space at market rents.- Attractive Return Metrics, the asset is aggressively priced with a projected cap rate in excess of a 12% providing investors with a low risk, high return investment opportunity with an already existing & proven rent base.
Some words will not translate correctly. By using this feature, you accept this risk and agree to release Berkshire Hathaway HomeServices and its franchisees from any claims or damages resulting from incorrect translation.
Berkshire Hathaway HomeServices California Properties Email Us
Our website uses cookies, including third parties’ profiling cookies, to improve your user experience. You can learn more about how we use cookies and how to change your
cookies settings in our Privacy Policy. By closing this message, clicking above or continuing to use this site, you consent to our use of cookies.