8401 Chagrin Rd | Chagrin Falls, OH 44023
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- LoopNet Team
8401 Chagrin Rd
Chagrin Falls, OH 44023
Must See NNN Trophy Medical/Prof. Ctr.| 8.6% · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 2 Building, 98% Occupied, NNN Medical & Office Asset: Exceptionally Affluent Market: Average Household Incomes Over $200,000 Within a 5-Mile Radius!!
- All Tenants on Preferred NNN Leases, Attractive 8.60% CAP Rate, Expected 10% Year-1 Cash-on-Cash Return with Many Tenants Having Built-In Increases
- Top Rated Education System in US: Chagrin Falls High School Rated in Newsweek's & Consistently Top 100 Public School Systems in the USA | Blue Ribbon
- Consistent High Occupancy Trophy Asset: Meticulously Maintained with Prominent Monument Signage, Directly of Highway Being Sold by Original Developer
- Great Mix of Long-Term Medical(40%+ NOI from Medical) & Quality Service-Oriented Recession-Proof Users: Renewals, Expansions & Leasing Traction
- Nicely Staggered Rent Roll: No Major Tenants Up for Near-Term Expirations w/ Tenured Tenants, Consistently Exercising Renewals & Newly Executed Leases
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
54,505 SF
Building Class
A
Year Built/Renovated
2005/2023
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
54,505 SF
Building FAR
0.24
Lot Size
5.20 AC
Zoning
PO - Professional Office
Parking
189 Spaces (3.47 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Controlled Access
- Conferencing Facility
- Courtyard
- Property Manager on Site
- Security System
- Signage
- Wheelchair Accessible
- Monument Signage
- Outdoor Seating
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,812,210 | |
| Land Assessment | $140,000 | Total Assessment | $1,952,210 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$140,000
Improvements Assessment
$1,812,210
Total Assessment
$1,952,210
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