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Puritas Business Centre III - Buildings A & B

Off-Market

4475 Industrial Pkwy, Cleveland, OH 44135

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  • Property Type Industrial - Flex - Industrial
  • Property Size 138,640 SF
  • Lot Size 10.38 Acre
  • Parking Spaces Avail. 152
  • Parking Ratio 1.10/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1981

Location

  • Walk Score ® Car-Dependent (31)
  • Transit Score ® Some Transit (33)
  • Bike Score ® Somewhat Bikeable (47)
Powered by Walk Score ®
  • City Cleveland, OH
  • Neighborhood Puritas-Longmead
  • Zip Code 44135
  • Market Cleveland Akron

Points of Interest

Puritas

1.26 miles

West Park

1.86 miles

Brookpark

2.09 miles

Triskett

2.47 miles

Airport

3.02 miles

West 117th–Madison

3.25 miles

West Boulevard–Cudell

3.84 miles

West 65th–Lorain (Eco-Village)

4.38 miles

West 25th–Ohio City

5.78 miles

Settlers Landing

6.36 miles

Shell

0.84 miles

Marathon

0.89 miles

Speedway

0.95 miles

BP

1.05 miles

Sheetz

1.50 miles

BP

1.69 miles

BP

1.73 miles

Sheetz

1.73 miles

Shell

1.73 miles

Speedway

1.73 miles

KeyBank Parking Garage

1.10 miles

West Park RTA Station Parking

1.88 miles

Public Parking

1.99 miles

Walgreens Parking

2.01 miles

Bar Parking

2.03 miles

Kamms Corner Parking

2.17 miles

Fairview Hospital Parking Lot

2.31 miles

Fairview Hospital Parking Garage

2.34 miles

Triskett RTA Parking

2.42 miles

Blue Lot

2.78 miles

Pizza Hut

0.39 miles

Pizza Planet

0.39 miles

Mr. Hero

0.41 miles

McDonald's

0.43 miles

Canary's

0.73 miles

Burger King

0.78 miles

Bob Evans

0.82 miles

Happy's Pizza

0.85 miles

Big Boy's

0.87 miles

Denny's

0.87 miles

Coast Guard Exchange

0.23 miles

Save-A-Lot

0.31 miles

Marc's

0.87 miles

Gordon Food Service

1.46 miles

Aldi

1.56 miles

Marc's

1.74 miles

Walmart Supercenter

1.80 miles

Giant Eagle

1.81 miles

Marc's

1.82 miles

West Town Village Market

1.85 miles

CVS Pharmacy

0.33 miles

Walgreens

0.66 miles

1st District Police Station

1.27 miles

MetroHealth West Park Health Center

1.60 miles

CVS Pharmacy

1.78 miles

West Park Station

1.83 miles

Ohio Renal Care Group

1.84 miles

Discount Drug Mart

1.84 miles

Cleveland Clinic Family Medicine

1.86 miles

CVS Pharmacy

1.92 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Cleveland

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Cleveland Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $20.91
  • 2020 Office Vacancy Rate 16.89%
  • 2020 Office Completions (SF)

Cleveland Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $49.47
  • 2020 Office Sales Volume $22.7M
  • 2020 Number of Transactions 5
View more Cleveland market trends

Tax

  • Base Tax $172,058
  • Current Tax $134,216
  • Market Value* $3,833,700
  • Assessed Value $3,833,700

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Puritas Business Centre III - Buildings A & B?

Puritas Business Centre III - Buildings A & B totals 138,640 square feet.

When was this property built?

Puritas Business Centre III - Buildings A & B was built in 1981.

What is the market value for Puritas Business Centre III - Buildings A & B?

The market value* for Puritas Business Centre III - Buildings A & B in 2021 was $3,833,700.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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