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Office

The Winbury Professional Center | Class-A Suburb Office

8401 Chagrin Rd, Chagrin Falls, OH 44023

Listing Price: $8,432,000

Cap Rate
8.75%
Gross SF
54,347
Rentable SF
54,347
Price/Gross SF
$155.15
Lot Size
5.10 acres
Year Built
2001

Investment Overview

Marcus & Millichap is pleased to present the Winbury Professional Center, a 54,000 square foot office building on approximately 5.1 acres of land in the prestigious Chagrin Valley corridor. The property is by far and away the area’s top medical and professional office complex. The footprint and elevations of the two-story campus are surrounded by natural forested areas and ample landscaping, preserving over sixty percent of the site as green space. Prominently situated with highway visibility from US-422, the property optimally sits at the State Route 306 and Chagrin Road intersection just off US-422. As a primary artery connecting Northeast Ohio’s eastern suburbs to Cleveland and Akron, US 422 produces high traffic counts of over 54,000 vehicles per day. Within a ten-mile radius, the aggregate household income exceeds $4.6 billion, and this figure is expected to grow substantially in the years ahead. With great visual aesthetics both inside and outside the building has a distinctive Western Reserve Architecture. Historically, at near full occupancy, the building is predominantly leased to medical, dental and professional clients, many of which have made considerable investments to customize their suites and respective build outs to accommodate their professional practices. In addition to an outstanding location the building offers a state-of-the-art common area conference center with video conferencing and presentation capabilities, wireless on-site internet access and a 24-hour surveillance system. The facility is currently 97 percent occupied with historically low vacancy. Over 40 percent of income is generated from medical or medical-related practices (60 percent in Building One) – most of whom have been tenants since the building was created, providing stable, long-term income.

Investment Highlights

  • Class-A Multi-Tenant Office Property
  • Located in Cleveland's Most Affluent Suburbs
  • Diverse Tenant Mix Covering Medical, Finance, Real Estate and More
  • 96 Percent Leased to Various Tenants Under Rent Increases and Triple Net (NNN) Leases

Exclusively Listed By

Financing By

Office

The Winbury Professional Center | Class-A Suburb Office

Listing Price: $8,432,000

Cap Rate
8.75%
Gross SF
54,347
Rentable SF
54,347
Price/Gross SF
$155.15
Lot Size
5.10 acres
Year Built
2001

Investment Highlights

  • Class-A Multi-Tenant Office Property
  • Located in Cleveland's Most Affluent Suburbs
  • Diverse Tenant Mix Covering Medical, Finance, Real Estate and More
  • 96 Percent Leased to Various Tenants Under Rent Increases and Triple Net (NNN) Leases

Investment Overview

Marcus & Millichap is pleased to present the Winbury Professional Center, a 54,000 square foot office building on approximately 5.1 acres of land in the prestigious Chagrin Valley corridor. The property is by far and away the area’s top medical and professional office complex. The footprint and elevations of the two-story campus are surrounded by natural forested areas and ample landscaping, preserving over sixty percent of the site as green space. Prominently situated with highway visibility from US-422, the property optimally sits at the State Route 306 and Chagrin Road intersection just off US-422. As a primary artery connecting Northeast Ohio’s eastern suburbs to Cleveland and Akron, US 422 produces high traffic counts of over 54,000 vehicles per day. Within a ten-mile radius, the aggregate household income exceeds $4.6 billion, and this figure is expected to grow substantially in the years ahead. With great visual aesthetics both inside and outside the building has a distinctive Western Reserve Architecture. Historically, at near full occupancy, the building is predominantly leased to medical, dental and professional clients, many of which have made considerable investments to customize their suites and respective build outs to accommodate their professional practices. In addition to an outstanding location the building offers a state-of-the-art common area conference center with video conferencing and presentation capabilities, wireless on-site internet access and a 24-hour surveillance system. The facility is currently 97 percent occupied with historically low vacancy. Over 40 percent of income is generated from medical or medical-related practices (60 percent in Building One) – most of whom have been tenants since the building was created, providing stable, long-term income.

Exclusively Listed By

Financing By

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