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.

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