this is a confidential memorandum intended solely for your ... · v this is a confidential...
TRANSCRIPT
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THIS IS A CONFIDENTIAL MEMORANDUM intended solely for your limited use to determine whether you wish to express an interest in
26250-26300 Euclid Avenue located in Euclid, Ohio, as more particularly described herein (“Property”). This confidential memorandum and its
contents (“Memorandum”) contain brief, selected information pertaining to the business affairs of the Property’s owner (“Owner”) and it has
been prepared by Cushman & Wakefield | CRESCO Real Estate as Owner’s exclusive agent. This Memorandum does not purport to be all-
inclusive or contain all of the information that a prospective purchaser or investor may need or desire. Neither Owner, Cushman & Wakefield |
CRESCO Real Estate, nor any of their respective officers, directors, principals, shareholders, agents, or employees has made or will make any
representations or warranties, expressed or implied, as to the accuracy or completeness of the information contained herein. Owner, Cushman
& Wakefield | CRESCO Real Estate each expressly disclaim any and all liability that may be based on the information contained herein, errors
therein, or omissions therefrom. All financial data contained herein is unaudited. The projections and pro-forma information contained herein
represent estimates based on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or
implied, are made that the actual results will conform to such projections and you should make your own projections and reach your own
conclusions. All due diligence, analysis, and verification of the information contained in this Memorandum is solely your responsibility without
any representations as to the Properties' physical, environmental, or financial condition being imputed to Owner, Cushman & Wakefield |
CRESCO Real Estate.
By your receipt of this Memorandum, you agree that this Memorandum is of a confidential nature and that you will hold and treat it in the
strictest of confidence, and that you will not, directly or indirectly, disclose this Memorandum, or any part thereof, to any other person or entity
without the prior written authorization of Owner, Cushman & Wakefield | CRESCO Real Estate, and that you will not use this Memorandum in
any manner detrimental to the interest of Owner, Cushman & Wakefield | CRESCO Real Estate. Upon request, you will promptly return this
Memorandum, and any other material received from Owner, Cushman & Wakefield | CRESCO Real Estate, without retaining any copies
thereof.
This Memorandum shall not be deemed an indication of the state of affairs of Owner or constitute a representation that there has been no
change in the business or affairs of the Property or Owner since the date of preparation of this Memorandum. Neither Owner, Cushman &
Wakefield | CRESCO Real Estate undertakes any obligation to provide additional information or to correct or update any of the information
contained in this Memorandum. No legal duty, obligation, or commitment shall arise by reason of this Memorandum. Owner reserves the right,
in its sole discretion, to reject any offer or terminate negotiations with any party.
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Cushman & Wakefield | Cresco Real Estate have been retained by ownership as its exclusive
representative for the sale of 26250-26300 Euclid Avenue, Cleveland, Ohio.
160,273 LEASABLE SQUARE FEET
10ACRES
53%OCCUPIED
1976YEAR CONSTRUCTED
$342,3742018 NOI
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Original Pitched (Penthouse Roofs Recently Replaced)
1974, renovated in 2015-2016
648-52-003
219,389 gross SF (160,273 SF leasable)
Steel-Concrete-Glass
Chiller replaced in 2015
683 surface spaces
Commercial
Full Service Gross – Excluding in-suite electric
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Café: Open daily for breakfast & lunch
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Dental Office Suite
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Universal Electronics – 2nd Floor
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Universal Electronics
Universal Electronics Inc. (NASDAQ: UEIC) is the worldwide leader in universal control and sensing
technologies for the smart home. Its broad portfolio of patents includes QuickSet® software that utilizes the
world’s most complete knowledge graph to detect and interact with thousands of entertainment and smart
home devices. The company designs, develops, and manufactures innovative products that are used by
the world’s leading brands in the audio, video, subscription broadcasting, connected home, home energy
management, and mobile device markets. UEI’s many first-to-market innovations have helped transform
the home entertainment control, home security, and home energy management and sensing industries.
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Recent Capital Improvements
• New chiller installed 2015
• Chiller tower updated in 2019
• New roof on east tower penthouse ( 2015)
• New roof on west tower penthouse (2019)
• Updated common area lighting and common area
bathrooms (2015)
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Offers can be faxed, mailed or emailed to the attention of Rico Pietro or Eric Schreibman at the addresses below. Ownership
will provide updates through their broker on the final due date for offers, as well as any changes or updates to the
information on the offering or on the status of the property. Building tours can be coordinated by contacting Rico Pietro or
Eric Schreibman. Additional due diligence and other materials are available upon request.
Contact Information:
RICO A. PIETRO, SIOR
Principal
3 Summit Park Drive, Suite 200
Cleveland, Ohio 44131
T: +1 216 525 1473
ERIC SCHREIBMAN, J.D.
Vice President
3 Summit Park Drive, Suite 200
Cleveland, Ohio 44131
T: +1 216 525 1471