Property For Sale Listing 169130
Lakewood Parking Garage
Status as of Nov-20-2008 at 01:25 AM: Active
Property Summary
We are pleased to offer the Lakewood Parking Garage, an absolute net leased sale leaseback investment. Lakewood Parking Garage is located in the heart of Lakewood's central business district. The property is leased by USA Parking Systems, a company that owns, manages and leases parking lots in the downtown Cleveland and Youngstown, Ohio areas. USA Parking Systems has an absolute net lease in place so there are no landlord responsibilities. Lakewood Parking Garage's parking component consists of 950 spaces on six levels. Commuters who park at the garage enjoy close proximity to downtown Lakewood's retail sector as well as nearly all of the business district office properties. Notable businesses in the are include the Cleveland Clinic and New York Life. The majority of buildings in downtown Lakewood do not control parking, so employees and tenants are relegated to park in the off-site garages. The property is strategically located adjacent to the intersection of Belle Avenue and Detroit Avenue, the main thoroughfare through downtown Lakewood.
Categories
Location
| Classification: | United States // Midwest States // Ohio // Cleveland |
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Price
| Price Classification: | Between $7.5 Million and $10 Million |
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| Asking Price: | $9,750,000 |
Property Type
| Classification: | Special Purpose Properties |
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