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The Western Reserve Building 8747 Brecksville Rd 10,603 SF 100% Leased Office Building Brecksville, OH 44141 $3,320,000 ($313.12/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% leased with a stable, service-based tenant mix.
- Strong demographics and spending power with the average household income in a 3-mile radius exceeding $170K.
- Situated in the heart of Brecksville's charming downtown district, receiving excellent visibility.
- Turnkey condition with minimal capital needs.
- Anchored by credit-backed regional bank.
EXECUTIVE SUMMARY
The Westfield Bank Building 2 is a fully leased commercial property located in the heart of Brecksville’s vibrant downtown district. Spanning 10,603 square feet, the building features a stable, service-oriented tenant mix, including Westfield Bank, Brecksville Dermatology, Platelet Disorder Support Association, and Home Instead—all providing essential services that support long-term tenancy and reliable cash flow. Originally renovated in 2004, the property remains in turnkey condition, requiring minimal capital investment. Clean NNN leases reduce landlord responsibilities and mitigate exposure to operating cost fluctuations. Anchored by credit-backed Westfield Bank, which occupies over 50% of the space and recently exercised a lease extension with 2% annual escalations and a five-year renewal option, the asset offers predictable income growth. The building benefits from strong local demographics, with an average household income exceeding $170,000 within a three-mile radius and more than 73,000 residents in the surrounding five-mile area. Strategically positioned on Brecksville Road (SR-21), just minutes from I-77 and with a traffic count of 10,988 vehicles per day, the property enjoys excellent visibility and access to nearby retail, dining, and city amenities. Offered at $3,320,000 with a projected Year 1 NOI of $243,460 and a 7.25% cap rate, this 100% occupied asset represents a prime investment opportunity in an affluent suburban market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
10,603 SF
Building Class
C
Year Built/Renovated
1962/2004
Price
$3,320,000
Price Per SF
$313.12
Cap Rate
7.25%
NOI
$240,700
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,301 SF
Building FAR
0.18
Lot Size
1.35 AC
Zoning
R-20
Parking
48 Spaces (4.53 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Signage
1 1
PROPERTY TAXES
| Parcel Number | 601-36-005 | Improvements Assessment | $552,895 |
| Land Assessment | $164,955 | Total Assessment | $717,850 |
PROPERTY TAXES
Parcel Number
601-36-005
Land Assessment
$164,955
Improvements Assessment
$552,895
Total Assessment
$717,850
CONTACTS
-
Jim Krivanek -
Rico Pietro -
Kirsten Paratore -
Robby Martinelli -
Zaire Morrison -
Cushman & Wakefield | CRESCO Real Estate
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The Western Reserve Building | 8747 Brecksville Rd
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