List Search

3711 Chester Ave
Cleveland, OH 44114

$8,700,000 USD

Office For Sale  •  100,395 SF

Property Details

  • Property Type Office
  • Total Building Size 92,536 SF
  • Lot Size 2.17 AC
  • Building Class B
  • Year Built 1920
  • Cap Rate 8.50 %
  • Tenancy Multiple
  • Zoning GR-C2, Cleveland
53 Transit Score
72 Walk Score

Highlights

Incredible Investment Opportunity: 2-tenant, NNN office building with newly built-out tenant spaces on recent extension/lease executions
CHN relocation and expansion, while self-funding approximately $3,045,000 to their build-out, designed to meet their specific needs
Surrounded by a world-class hospital system (Cleveland Clinic), universities (Cleveland State University - 14k Students & Case Western Reserve)
Extremely high-traveled Chester Avenue with over 40,000 vehicles per day surrounding the building
Advantageously located with convenient highway access: 0.5 miles to major interstate, I-90, connecting to all other Cleveland highway systems with ove
Main business corridor positioned between Downtown Cleveland, Cleveland State University & the Cleveland Clinic, Cleveland’s largest employer

Property Flyers

Cap Rate: 8.50 %

Major Tenants

Tenant SF Occupied Lease End Date
CHN Housing 43,323 SF 12/31/2034
The Revenue Group 49,213 SF 6/30/2034

Amenities

  • Fenced Lot
  • Basement

Public Transportation

Commuter RailDriveWalkDistance
Cleveland Lakefront Station (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) 10 min - 2.9 mi
AirportDriveWalkDistance
Cleveland-Hopkins International 24 min - 14.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 337
Type: Surface
Included in Rent: Yes
Daniel Cooper 216-562-1981 Cooper Commercial Investment Group
Daniel Cooper 216-562-1981 Cooper Commercial Investment Group