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Landerwood Crossing 31099 Chagrin Blvd 52,152 SF 100% Leased Office Building Pepper Pike, OH 44124 For Sale
Investment Highlights
- Professionally managed asset with minimal maintenance requirements, ideal for an investor seeking a worry-free addition to their portfolio.
- Strong tenant roster providing stability and long-term investment security.
- Fully leased to tenants on a NNN lease structure ensuring immediate cash flow.
- Prime location in the most desirable eastern suburban market in Cleveland.
Executive Summary
Built in 2007, this 52,000 SF Class A office building features high-end finishes and striking glass architecture, located in Cleveland’s premier eastern suburban market with unmatched access to highways, retail, and dining. The property is 100% occupied by a strong tenant roster, including Morgan Stanley and Majestic Steel’s regional headquarters, offering immediate cash flow and long-term investment stability. Leases are structured on a Triple Net (NNN) basis, ensuring predictable returns, while the area’s strong office demand and limited Class A competition support consistent tenant retention. This professionally managed, low-maintenance asset is a true turnkey investment opportunity.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
52,152 SF
Building Class
A
Year Built
2007
NOI
$1,075,917
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
17,384 SF
Slab To Slab
9’
Building FAR
0.40
Lot Size
3.00 AC
Zoning
Coml/Office
Parking
80 Spaces (1.53 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
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Property Taxes
| Parcel Number | 872-37-013 | Improvements Assessment | $2,443,350 |
| Land Assessment | $431,830 | Total Assessment | $2,875,180 |
Property Taxes
Parcel Number
872-37-013
Land Assessment
$431,830
Improvements Assessment
$2,443,350
Total Assessment
$2,875,180
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Landerwood Crossing | 31099 Chagrin Blvd
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