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8401 Chagrin Rd
Chagrin Falls, OH 44023

Price Upon Request

Medical For Sale • 54,505 SF

Property Details

Property Type Medical
Total Building Size 54,505 SF
Lot Size 5.2 AC
Building Class B
Year Built 2005
Tenancy Multiple
Zoning PO

0 Transit Score

42 Walk Score

                
                    Highlights
                
                                2 Building, 98% Occupied, NNN Medical & Office Asset: Exceptionally Affluent Market: Average Household Incomes Over $200,000 Within a 5-Mile Radius!
                            
                                Consistent High Occupancy Trophy Asset: Meticulously Maintained with Prominent Monument Signage, Directly of Highway Being Sold by Original Developer
                            
                                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
                            
                                Great Mix of Long-Term Medical(40%+ NOI from Medical) & Quality Service-Oriented Recession-Proof Users: Renewals, Expansions & Leasing Traction
                            
                                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
                            
                                Nicely Staggered Rent Roll: No Major Tenants Up for Near-Term Expirations w/ Tenured Tenants, Consistently Exercising Renewals & Newly Executed Leases

Major Tenants

Tenant	SF Occupied	Lease End Date
Advance MMC Inc.	1,745 SF	4/1/2029
Dentistry At Winbury	4,686 SF	5/1/2031
Eastside Children's Dental	2,072 SF	10/1/2027
Henry Law Firm	2,494 SF	4/1/2028
Luxe Day Spa	1,791 SF	6/1/2028
Minich Orthodontics	4,568 SF	4/1/2033
Roundtable Online Learning	13,407 SF	4/1/2033
Surfacer Igniter	3,337 SF	5/1/2029

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

Public Transportation

Airport	Drive	Walk	Distance
Cleveland-Hopkins International	42 min	-	29.5 mi
Akron-Canton Regional	63 min	-	47.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	189
Type:	Surface
Included in Rent:	Yes

8401 Chagrin Rd OFF MARKET Chagrin Falls, OH 44023 OFF MARKET