Southgate Medical Arts Bldgs I-III 21100 Southgate Park Blvd 96,262 SF 95% Leased Office Building Maple Heights, OH 44137 $5,490,000 ($57.03/SF) 8.80% Cap Rate

Marcus & Millichap is pleased to present 21100 Southgate Park Blvd, Maple Heights, Ohio. Southgate Medical Arts Buildings I–III is a five-story, Class B office complex situated on 3.6 acres, offering 291 parking spaces. The property is 81.35% occupied, allowing for upside. The building is occupied by a diverse tenant mix, including education, healthcare and government services.
Ohio College Preparatory School, a charter school, leases 46.6% of the building under a gross lease with rental escalations. There are 219 students attending grades K-8. The student-teacher ration is 12 to 1. Founded in 2014, the school is a long-term tenant.
Signature Health, a behavioral health provider, leases 29.6% of the space under a triple-net lease structure with scheduled rental increases and one 1-year renewal option. Signature Health also holds a right-of-first refusal. The facility provides primary care, addiction recovery, mental health services, as well as a pharmacy and a laboratory. Signature Health employs over 100 staff members at this facility. They have also recently invested over $1 million in tenant improvements.
Juvenile Court Probation occupies 5.2% of the building under a gross lease structure. The lease is backed by Cuyahoga County with a Fitch Ratings of AA+.
Located along Southgate Park Boulevard, the property benefits from strong local traffic and excellent visibility. The boulevard intersects key roads such as Northfield Road, Sunnyslope Road, and Warrensville Center Road, and offers multiple points of ingress and egress. The site provides quick connectivity to major highways, including I-480 and the I-271 interchange, making it highly accessible. The surrounding Maple Heights area is a southeastern suburb of Cleveland, characterized by a mix of commercial uses, including offices, retail centers, and medical services.
Nearby amenities include Home Depot, Foreman Mills, Giant Eagle, Advance Auto Parts, and Sub City, enhancing the convenience for tenants and visitors alike.