Parkland 1 6000 Parkland Blvd 77,333 SF 100% Leased 5-Star Office Building Mayfield Heights, OH 44124 $5,800,000 ($75.00/SF)

6000 Parkland Boulevard presents a tremendous opportunity for investors and owner/users in Mayfield Heights, Ohio.

The building features a flexible, contiguous floor plan with two identical wings joined by a dramatic glass atrium that fills common spaces with natural light. High-end amenities include ample surface parking for tenants and visitors, impressive interior upgrades throughout, and a sleek and modern commercial kitchen in a vacant suite. Significant tenant improvements have already been made, adding to the building’s appeal and functionality. Its design supports a range of uses, from traditional office space to creative or collaborative environments, and is well-suited for future leasing at market rates. Strong in-place income is provided by a long-term NNN lease with Howard Hanna, ensuring stability as the property continues to attract new tenants.

This Class A office building is a rare investment at a price well below replacement cost. With 33% occupancy, there’s significant upside for both investors and owner/users. Projected returns include a 15.28% cap rate and 40% year-one cash-on-cash return at 95% occupancy, with an estimated $933,642 increase in net operating income.

Strategically located at the signalized corner entrance to the Landerhaven Corporate Center, the property enjoys premier visibility along Lander Road and direct exposure to Parker-Hannifin’s global headquarters. This address is surrounded by some of the highest office occupancy rates in Greater Cleveland and prominent employers such as Progressive Corporation, Rockwell Automation, Nesco, ParkOhio, and Vibrantz. With easy access to Interstate 271 and close proximity to major shopping centers, lifestyle destinations, Cleveland Clinic’s Hillcrest Hospital, and numerous hotels, restaurants, and fitness centers, this property is near it all. The affluent local community boasts average household incomes exceeding $146,000 within 5 miles and top-rated schools, making it a prime location for attracting high-quality tenants. Additionally, the short commute to downtown Cleveland and proximity to major employers, colleges, and Cleveland Hopkins International Airport further enhance the property’s long-term investment appeal.