15883 W Sprague Rd
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15883 W Sprague Rd
88,816 SF Office Building Strongsville, OH 44136 $7,796,085 CAD ($88 CAD/SF)
Investment Highlights
- Headquarters Opportunity (Former Medical Mutual HQ) or Redevelopment
Executive Summary
CBRE exclusively presents the rare opportunity to acquire the former Medical Mutual suburban headquarters property in Strongsville, Ohio located at Sprague Road and Mohawk Drive. This turnkey HQ property is located just 2 minutes away from Interstate 71 (via Pearl Road exit) and housing, retail, restaurant, medical, and service amenities are all within minutes. The property is located 10 minutes f rom Hopkins International Airport , has easy access to I-480 and the Ohio Turnpike, and is just 20 minutes from Downtown Cleveland.
The 2-story office building is 88,816 SF situated on approximately 17 acres of land. The property was most recently occupied by Medical Mutual and prior to that was home to Glidden, AkzoNobel and Lesco corporate off ices. The property has been updated throughout the years with corporate standard finishes throughout. The building is very well-maintained, and is architecturally attractive and efficient, offering considerable natural light throughout. This property offers ample parking, outdoor areas, multiple building access points, and convenient proximity and access for employees and visitors, in a comfortable, thriving suburb with abundant amenities.
The 2-story office building is 88,816 SF situated on approximately 17 acres of land. The property was most recently occupied by Medical Mutual and prior to that was home to Glidden, AkzoNobel and Lesco corporate off ices. The property has been updated throughout the years with corporate standard finishes throughout. The building is very well-maintained, and is architecturally attractive and efficient, offering considerable natural light throughout. This property offers ample parking, outdoor areas, multiple building access points, and convenient proximity and access for employees and visitors, in a comfortable, thriving suburb with abundant amenities.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Telecom Hotel/Data Hosting
Building Size
88,816 SF
Building Class
B
Year Built/Renovated
1985/2016
Price
$7,796,085 CAD
Price Per SF
$88 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
44,408 SF
Slab To Slab
9’
Building FAR
0.12
Lot Size
17.50 AC
Zoning
Research & Development - Main uses include: General office, laboratories, and production and product assembly operations.
Parking
400 Spaces (4.5 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Conferencing Facility
- Courtyard
- Food Service
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PROPERTY TAXES
| Parcel Number | 395-12-002 | Improvements Assessment | $3,401,821 CAD |
| Land Assessment | $554,804 CAD | Total Assessment | $3,956,625 CAD |
PROPERTY TAXES
Parcel Number
395-12-002
Land Assessment
$554,804 CAD
Improvements Assessment
$3,401,821 CAD
Total Assessment
$3,956,625 CAD
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15883 W Sprague Rd
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