Office Space
32875 Solon Road Solon, OH 44139
Details & Description
Call for Pricing
    For sale is the 100% fee-simple interest in the Solon Professional/Medical Office Building, a 13,131 square foot multi-tenant office is located in Solon, Ohio. The city of Solon has been recognized by Money in its list of “Best Places to Live” numerous times, placing 23rd in 2009, 3rd in 2011, and 10th in 2015. The property is a modern, multi-tenant, Class A office building located in the Solon office district, which is home to 900 businesses from large corporations to mom-and -pop shops (major employers surrounding the property include: Nestle, Swagelok, CVS Caremark, Pentair, ERICO International Corporation, Cleveland Clinic Foundation, King Nut Company, InterDesign Inc., and many more). The office building is conveniently located with highway access to U.S. Route 422 (48,912 VPD), connecting Solon to Downtown Cleveland. With over 85% of the GLA leased to successful national and regional, long-term tenants and leases, the asset offers an investor a stabilized return with year 1 cash-on-cash return to be 8.8%.
    Listing Agents
    Kyle Hartung

    O: 216-381-8200
    kyle@goodmanrealestate.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    32875 Solon Road

    Solon, OH 44139

    Listing ID: 236541
    • 32875 Solon Road Solon, OH 44139 | for Sale | Photo 1
    • 32875 Solon Road Solon, OH 44139 | for Sale | Photo 2
    32875 Solon Road | for Sale | Thumbnail 1
    32875 Solon Road | for Sale | Thumbnail 2
    Building Size: 13,131 SF
    Lot Size: 1.180 AC
    Land Size: 51,400 SF
    Building $/SF: --
    Land $/SF: --
    Price
    Call for Pricing
    Description

    For sale is the 100% fee-simple interest in the Solon Professional/Medical Office Building, a 13,131 square foot multi-tenant office is located in Solon, Ohio. The city of Solon has been recognized by Money in its list of “Best Places to Live” numerous times, placing 23rd in 2009, 3rd in 2011, and 10th in 2015. The property is a modern, multi-tenant, Class A office building located in the Solon office district, which is home to 900 businesses from large corporations to mom-and -pop shops (major employers surrounding the property include: Nestle, Swagelok, CVS Caremark, Pentair, ERICO International Corporation, Cleveland Clinic Foundation, King Nut Company, InterDesign Inc., and many more). The office building is conveniently located with highway access to U.S. Route 422 (48,912 VPD), connecting Solon to Downtown Cleveland. With over 85% of the GLA leased to successful national and regional, long-term tenants and leases, the asset offers an investor a stabilized return with year 1 cash-on-cash return to be 8.8%.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Cleveland History of Office Space for Sale

    Solon Area Market Trends

    Listing Demographics for 32875 Solon Road Solon, OH 44139

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population4,14829,93094,350
    Population Median Age404242
    Population by Age0-9 Yrs592 (14%)3280 (10%)10372 (10%)
    10-19 Yrs600 (14%)4502 (15%)12638 (13%)
    20-29 Yrs255 (6%)2024 (6%)8549 (9%)
    30-39 Yrs453 (10%)2878 (9%)10091 (10%)
    40-49 Yrs580 (13%)4771 (15%)12788 (13%)
    50-59 Yrs703 (16%)4914 (16%)15121 (16%)
    60-69 Yrs457 (11%)3907 (13%)12678 (13%)
    70+ Yrs508 (12%)3654 (12%)12113 (12%)
    Median HH Income$74,557$98,911$71,460
    Total Household Income< 24K200 (12%)1224 (10%)6303 (15%)
    25-49K301 (19%)1663 (14%)8062 (20%)
    50-74K279 (18%)1659 (14%)6201 (15%)
    75-99K180 (11%)1290 (11%)5007 (12%)
    100-199K414 (26%)3446 (29%)9207 (23%)
    200K+176 (11%)2277 (19%)4831 (12%)
    Highest Education LevelNo Diploma1287653405
    Diploma or GED540350715620
    Some College516345512713
    Assoc. Degree24713925456
    Bachelors Degree747586616694
    Higher Degree666602512925
    Total Housing Units1,61312,12642,755
    --Owner-Occupied1,2189,46327,596
    --Renter-Occupied3322,09512,015
    Owner-Occupied Values< 100K556734667
    100-199K47320867730
    200-299K47330046904
    300-399K9714413333
    400-499K749792124
    500K+4512802838
    Total Working Age Population3,14923,68976,056
    In Work Force2,14615,75149,488
    Not In Work Force1,0027,93926,567
    Workforce Employed2,09315,26247,250
    Workforce Unemployed464712,215
    Civlian Workforce2,13915,73349,465
    Military Workforce71823
    Total Households1,54911,55939,611
    Family Households1,1598,54725,603
    Non-Family Households3913,01114,008
    Married Couple9427,07718,846
    Other Family2171,4706,757
    Married w/Child3983,0697,316
    Single Male w/Child9182702
    Single Female w/Child964862,631

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Ohio11,353,140+211,536,504011,574,870011,615,100
    Cuyahoga County1,393,978-81,280,122-61,209,550-51,154,210
    Geauga County90,895+393,389093,510+294,930
    Portage County152,061+6161,4190161,410-2158,930
    Summit County542,8990541,781-1534,150-1528,990

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the building size of this Office property in Solon, OH?
    The size of the building/unit at 32875 Solon Road in Solon is 13,131 square feet
    How much land does the Solon, OH property at 32875 Solon Road include?
    32875 Solon Road in Solon includes 1.180 acres of land
    What kind of Office is the propery at 32875 Solon Road?
    The property at 32875 Solon Road Solon, OH 44139 is listed as a Medical Office property
    What is the population within 1 mile of 32875 Solon Road in Solon?
    The population within 1 mile of 32875 Solon Road Solon, OH 44139 is 4,148 people.
    Who do I contact for questions about 32875 Solon Road?
    You should contact the listing agent, Kyle Hartung, for any details regarding this commercial listing.

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    23215 Commerce Park, Beachwood, OH $3,800,000 35518 1.74
    3681 Green Road, Beachwood, OH $4,395,000 38183 1.41
    206 East Garfield Road, Aurora, OH $425,000 4208 0.38

    Closest Commercial Airports

    Airport Distance (mi)
    Cleveland Hopkins International Airport (CLE) 21
    Erie International Tom Ridge Field (ERI) 81
    Pittsburgh International Airport (PIT) 89
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