4500 Munson Street NW, Canton, OH
4500 Munson Street NW, Canton, OH, 44718
Acquisition Date: May 2016
Acquisition Price: $15,750,000
Acquisition Cap Rate: 10.0%
Current Market Value: $16,750,000
Building Size: 150,000 SF
Acquisition Cost per SF: $105
Property Type: Office
Occupancy: Currently Vacant
Can be leased from 25,000 sq.ft. up to 150,000 sq.ft.
Additionally it is being offered for sale.
Highlights: This property is a quality office building in a solid location, originally leased to a class A credit single tenant on a long term lease. Envision was able to obtain attractive non-recourse senior debt, together with mezzanine financing which burns off prior to the end of the current lease term, resulting in a high yield to investors with low risk.
At Envision, our main goal is to identify and procure properties that provide stable, long-term and high-yield investments with returns that outweigh the risks. Our unique and creative approach in operating our company and structuring transactions allows us to effectively achieve this goal.