1432950
Year Built | 1965 |
---|---|
Annual Taxes | OF RECORD |
Lot Size | 3.011 |
Parcel ID | 473-18-004 |
Defendant | Mo Professional Building LLC |
File No. | N/A |
Case No. | CV-22-961416 |
Appraisal Amount | N/A |
City | |
Square Feet (per auditor) | 61,262 |
Showings & Availability | Yes |
FOR SALE BY COURT APPOINTED RECEIVER
VALUE-ADD OFFICE INVESTMENT OPPORTUNITY
Online bidding only. Auction ends Wednesday, August 24th @2PM
Court Appointed Receiver, Prodigy Properties, is pleased to present the opportunity to acquire 6500 Pearl Rd located in Parma Heights, OH. Parma Heights is considered a submarket of Cleveland and is only 8 miles southwest of downtown Cleveland. Constructed in 1965 this intriguing value-add office building features two stories plus a lower level and more than 61,000 SF of ideal space for medical and/or professional office uses. The new owner will benefit from an immediate rent base with significant upside potential by addressing deferred maintenance, increasing rents, extending existing MTM tenants, and lease-up of vacancy.
Property will be sold free and clear of all liens, with property taxes prorated and paid off to the day of closing. Receiver may, in its sole discretion, accept or reject any bid or offer for any reason, at any time, without notice. No representations, warranties, or guarantees. Bidding is scheduled to conclude on 08/24/2022 at 2pm ET. A 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price. Immediately following the conclusion of the auction, the high successful bidder must wire transfer a 10% deposit of the final purchase price net of the $25,000 participation deposit.
Please do not trespass. Contact [email protected]
To view property / financial reports and obtain access to our Virtual Data Room, prospective buyers must:
– Complete and submit a Confidentiality Agreement to [email protected]
Key sale points:
Offering Memorandum 6500 Pearl
DISCLAIMER AND WARNING: Property will be sold as-is, where-is, without any warranties or representations by the Receiver. The information contained in any advertisement is for informational purposes only and the Receiver makes no representations or warranties as to their truth or accuracy. The information was compiled from a variety of sources, including the public record. However, the Receiver has not independently verified any of the information and potential purchasers rely on it at their own risk. All potential purchasers are advised to perform their own due diligence.