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±640K-Square-Foot HQ Office Delivered Vacant 6300 Wilson Mills Rd 640,736 SF Vacant Office Building Online Auction Sale Mayfield Village, OH 44143
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- Located at the high-profile intersection of Wilson Mills Road and the I-271 interchange, benefiting from maximum visibility of 108,171 VPD.
- Ideal for headquarters, big-box/ destination retail, auto dealerships, light industrial/ manufacturing, multifamily/mixed-use, healthcare, etc.
- Buildings are connected on the ground floor with below-grade access points; there are also 3 parking decks with a total of 2,584 parking spaces.
- Significant street frontage with 2,100 feet of frontage on I-271 and an additional 645 feet of frontage available on Wilson Mills Road.
- Immaculately maintained via millions in recent infrastructure upgrades, leaving little deferred maintenance if acquired as an office “HQ”.
- Premium on-site amenities such as a cafeteria and full-service kitchen, fitness center, on-site medical center, and multiple outdoor patio areas.
EXECUTIVE SUMMARY
CBRE, Inc., as the exclusive advisor, is pleased to present Campus 1 (“The Property” or “The Campus”) in Mayfield Village, Ohio, for sale to qualified users/investors/developers. The Campus is comprised of three well-maintained office buildings located at 6300 Wilson Mills Road, measuring approximately 640,736 square feet. The campus offers a unique opportunity for a buyer or developer to enter and develop within the affluent East Side submarket of Cleveland.
Located at the prominent Wilson Mills Road interchange off Interstate 271, this sprawling campus with significant highway exposure is the premier site for development or redevelopment in Northeast Ohio, supporting a myriad of different end uses. The total site size is approximately 42.04 acres, which lends itself to a variety of end uses, including headquarters, big-box retail, destination retail, automotive dealerships, light industrial and assembly/manufacturing, multifamily/mixed-use, and life sciences/healthcare.
Mayfield Village is a thriving suburb of Cleveland, situated in Cuyahoga County, Ohio, approximately 15 miles east of downtown Cleveland. It is known for its beautiful neighborhoods and excellent school systems; residents enjoy a high-quality of life and convenient access to the amenities of a major city.
With its proximity to major highways, Mayfield offers easy transportation access to the broader Cleveland area. It provides residents with the perfect balance of suburban tranquility and the vibrant offerings of a bustling metropolitan area.
Cleveland, Ohio, is located in the state’s northeast corner, bordered by Lake Erie, and is about a two-hour drive north of Columbus. Widely recognized as a global leader in healthcare, the city is also a hub for advanced manufacturing, biotech engineering, aerospace production, and information technology.
Located at the prominent Wilson Mills Road interchange off Interstate 271, this sprawling campus with significant highway exposure is the premier site for development or redevelopment in Northeast Ohio, supporting a myriad of different end uses. The total site size is approximately 42.04 acres, which lends itself to a variety of end uses, including headquarters, big-box retail, destination retail, automotive dealerships, light industrial and assembly/manufacturing, multifamily/mixed-use, and life sciences/healthcare.
Mayfield Village is a thriving suburb of Cleveland, situated in Cuyahoga County, Ohio, approximately 15 miles east of downtown Cleveland. It is known for its beautiful neighborhoods and excellent school systems; residents enjoy a high-quality of life and convenient access to the amenities of a major city.
With its proximity to major highways, Mayfield offers easy transportation access to the broader Cleveland area. It provides residents with the perfect balance of suburban tranquility and the vibrant offerings of a bustling metropolitan area.
Cleveland, Ohio, is located in the state’s northeast corner, bordered by Lake Erie, and is about a two-hour drive north of Columbus. Widely recognized as a global leader in healthcare, the city is also a hub for advanced manufacturing, biotech engineering, aerospace production, and information technology.
MATTERPORT 3D TOURS
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OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Title and Insurance
- Miscellaneous
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
640,736 SF
Building Class
B
Year Built/Renovated
1974/1994
Tenancy
Single
Building Height
5 Stories
Typical Floor Size
128,147 SF
Slab To Slab
10’
Building FAR
0.35
Lot Size
42.04 AC
Parcel Numbers
Zoning
IR - Office - Laboratory
ABOUT NORTHEAST
Northeast Cleveland offers a prime location along Lake Erie and just a short drive from downtown Cleveland, 20 minutes away via Interstate 90. Other key employment nodes are easily accessible, as well, via Interstate 480 and multiple state and U.S. routes that cross the area. One of Cleveland’s top employers, Progressive Insurance, is headquartered just south in Mayfield Village. Progressive is one of the nation’s largest providers of car insurance and employs over 10,000 in Northeast Ohio.
Many other important employers are located a short distance away, including the main campuses of University Hospitals and the Cleveland Clinic, 15 miles southwest. Top colleges and universities provide a large pool of highly educated talent, among them Case Western Reserve University, Notre Dame College, and John Carroll University.
The area is populated by higher-density, middle-income neighborhoods to the west and along Lake Erie, and lower-density, higher-income neighborhoods to the east. Residents and employees are provided a wealth of opportunities for recreation, including countless beaches along Cleveland’s Great Lake. Euclid Beach Park features a 650-foot beach and new, 150-foot observation pier. North Chagrin Reservation draws visitors from across the metro area, with attractions including Squire’s Castle, A.B. Williams Memorial Woods, Buttermilk Falls, and North Chagrin Nature Center.
Northeast Cleveland is one of the area’s largest office nodes, with 9.5 million square feet of space. Steady demand has resulted in a limited inventory of available space, with a vacancy rate well below the market average. Investors have increasingly taken note of the area’s many attributes and solid fundamentals, driving a consistent level of sales, ranking among Cleveland’s most active transaction markets.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
10,102
54,795
141,178
2020 Population
10,120
55,927
143,387
2029 Population
9,919
53,613
138,523
2024-2029 Projected Population Growth
-1.8%
-2.2%
-1.9%
Daytime Employees
11,550
39,735
76,155
Total Businesses
776
3,488
7,473
Average Household Income
$82,737
$96,715
$93,691
Median Household Income
$68,514
$72,448
$68,887
Total Consumer Spending
$128M
$764.2M
$1.8B
Median Age
40.6
44.8
42.6
2024 Households
4,633
25,250
61,276
Percent College Degree or Above
27%
27%
24%
Average Home Value
$194,119
$264,632
$259,181
ABOUT THE ARCHITECT
Read More
OTHER PROPERTIES IN THE BIALOSKY & PARTNERS ARCHITECTS LLC PORTFOLIO
SALE ADVISORS
SALE ADVISORS
Jamie Dunford, Vice President
Jamie joined CBRE in 2019 and leads CBRE’s Investment Sales and Capital Markets practice throughout Northeast Ohio. Through his Investment Sales practice, Jamie specializes in the disposition of multifamily, industrial, historic assets, multi-tenant office, corporate dispositions and sale leasebacks. In addition to his extensive capital markets background, Jamie works with national & local developers and owners through a consulting capacity in evaluating & identifying new projects. He is known for his ability to think outside the box and put together creative deal structures through complex capital stacks, asset repositioning, tenant mix, and preservation of historic properties. Before CBRE, Jamie worked in real estate investment banking at a top middle market investment bank, where he raised full capital stacks for ground-up developments, historic building conversions, and acquisitions all over the country spanning several asset classes. In his brief career in real estate, Jamie has been apart of over $1 billion in real estate transactions.
Prior to his real estate career, Jamie was an Assistant Vice President, Investment & Portfolio Strategist for PNC Wealth Management where he covered The S&P 500 and was also a member of the investment policy committee.
Prior to his real estate career, Jamie was an Assistant Vice President, Investment & Portfolio Strategist for PNC Wealth Management where he covered The S&P 500 and was also a member of the investment policy committee.
Ryan Jeffers, First Vice President
Ryan is a member of the firm’s Corporate & Tenant Services Group. He focuses on office and industrial projects from the perspective of the occupiers, helping clients to align their real estate with strategic business, financial, and operational objectives. Ryan has specialized in the financial and strategic analysis for many complicated headquarters and larger office transactions.
Prior to joining CBRE, Ryan was a mechanical engineer conducting energy audits and designing energy conservation programs for clients ranging from multi-national industrial firms and local commercial businesses to non-profits and local school systems. He is a LEED Accredited Professional since 2003.
Prior to joining CBRE, Ryan was a mechanical engineer conducting energy audits and designing energy conservation programs for clients ranging from multi-national industrial firms and local commercial businesses to non-profits and local school systems. He is a LEED Accredited Professional since 2003.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Pace Zambito
Contact
Auctioneer License:
Ten-X Commercial, LLC Samantha Corbat RE Brkr REC.2019003563; Ohio Department of Agriculture- Auctioneer Program: Ten-X Commercial, Inc. (Ten-X, Inc.) Auctioneer Corporation 2022000147 Samantha Corbat Auctioneer 2023000126
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOURS
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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±640K-Square-Foot HQ Office Delivered Vacant | 6300 Wilson Mills Rd
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±640K-Square-Foot HQ Office Delivered Vacant | 6300 Wilson Mills Rd
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