PROPERTIES

Chagrin Commerce Building

24300 Chagrin Blvd., Beachwood, OH 44122

Overview

Price:$2,300,000
Building Size:25,282 SF
Property Type:Office
Cap Rate:9.0%
NOI:$206,993

Highlights

  • - Modern 25,282 SF office building
  • - 95% occupancy with 70% leased to medical practices
  • - Prime location in Beachwood
  • - Underground garage with 27 spaces
  • - 87 surface parking spaces
  • - Parking ratio of 4.5 spaces:1,000 SFT
  • - High visibility from Chagrin Blvd.
  • - Proximity to major highways
  • - Well-maintained and attractive exterior
  • - Flexible floor plan for various office layouts
  • - Professional property management
  • - Nearby dining and retail amenities
  • - Access to public transportation
  • - Fiber optic internet connectivity
  • - Energy-efficient building features
  • - On-site security measures
  • - Convenient access to nearby hotels

Description

Introducing 24300 Chagrin Blvd., a prime 25,282 SF office building that stands as a prestigious investment opportunity in Beachwood. This timeless property offers an ideal blend of style and functionality, with efficient floor plates that are ideal for small to mid-sized office and medical tenants. 24300 Chagrin is home to 6 dental practices totaling 48% of the total lease-able area of the building. Each of these practices represents a significant investment in the building by the tenant. Including all medical/allied-medical practices, the building boasts 70% medical tenancy, the majority have called 24300 Chagrin home for 10+ years. The strategic location is a proven winner offering excellent visibility and accessibility in a thriving business district, ensuring lasting appeal for tenants and investors. This 95% occupied building represents a compelling opportunity for those seeking a valuable addition to their commercial real estate portfolio.

Location

Discover the thriving business community surrounding the Chagrin Commerce Building in Beachwood, OH. The area boasts convenient access to upscale shopping at Pinecrest, Beachwood Place and Legacy Village, as well as a variety of dining options, from casual to fine dining. With close proximity to major highways, including I-271 and I-480, the location provides easy access to surrounding business districts and downtown Cleveland. The surrounding area also features several hotels, making it convenient for visiting clients and colleagues. Investors and tenants will appreciate the dynamic mix of commerce and convenience that the Beachwood area offers.

Contact Broker

Jeremy Steiger, SIOR
Principal
Lee & Associates | Lee Cleveland

Office216.559.9090
Fax216.920.4447

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