13201 Granger Rd
Garfield Heights, OH 44125
University Hospitals - A2 Credit | Abs NNN · Office Property For Sale

The Cooper Commercial Investment Group has been exclusively retained by ownership to sell the 100% fee simple interest in the single-tenant, Absolute NNN University Hospitals OB/GYN Office condo unit in the community of Garfield Heights, an east side suburb of Cleveland (10 miles), Ohio. The property is being offered for $1,950,000, representing an attractive 8.00% CAP Rate and the ideal lease structure offers no management responsibilities to the new owner. The physicians of world-renowned University Hospitals selected this particular location for its expansion of services in the community. University Hospitals (UH) is one of the nation’s leading health care systems, providing patient-centered care that meets the highest standards for quality and patient safety and have received numerous awards and recognitions from some of the most prestigious institutions in the country for leadership and exceptional patient outcomes. UH Cleveland Medical Center ranked in seven of 12 adult specialties. It is ranked third among all hospitals in Ohio. Recently, U.S. News & World Report ranked UH Rainbow Babies & Children’s Hospital among America’s Best Children’s Hospitals in eight pediatric specialties, four of which rank in the top 25. The hospital system is the 2nd Largest Private Sector Employer in Northeast Ohio and has a Moody’s “A2” credit rating. The property has an aesthetically pleasing exterior and has been a medical office since the property was built. The University Hospital System took over the practice (formerly South Suburban Women’s Center) in 2020, to accommodate the needs for women’s and children’s services. University Hospital’s hand-picked this specific location due to its proximity to the new Ahuja University Hospital phase 2 expansion project that is expected to open in 2023. The new phase has a family-focused home for expectant mothers and newborns, called the Steve and Loree Potash Women & Newborn Center. The expansion will include maternal-fetal health services, labor and delivery, a neonatal intensive care unit and family gathering spaces. It is estimated that the Potash Women & Newborn Center at UH Ahuja will deliver approximately 2,400 babies annually. Considering the upcoming expansion, University directed its attention toward South Suburban’s location and productivity (one of the most, if not the most, prolific independent practices in Greater Cleveland). The OB/GYN physicians at the Sentry Center location will provide a substantial percentage of the increased deliveries – and other procedures -- at the newly expanded hospital. Ahuja Medical Center is less than seven miles from Sentry Center. University Hospitals has already invested significantly in integrating the Sentry location completely into the hospital’s communication technologies with other assimilation advancements underway.