Listed by Jeffrey S Lane of Prodigy Properties (513-841-7000 prodigy@prodigyprop.com)
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.

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Based on information submitted to MLS Now as of November 10, 2024 11:36 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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