Investment Overview

The DiSalvo | Bender | Nulf Group of Marcus & Millichap is pleased to present for sale the South Hills Office Park – a Class-A office park consisting of three properties located at 9100, 9150, and 9200 South Hills Blvd in Broadview Heights, Ohio. The portfolio totals over 206,000 square feet of office space, offering a mix of national and local tenants. The park features a variety of office suites ideal for businesses seeking high-quality, flexible office space. Other features about the South Hills Office Park include over 14 acres of land, ample parking, including covered parking spaces, and an onsite café, to truly provide the feel of a high-end office campus. Market: The Cleveland MSA has a population of 2.18 million, making it the second largest MSA in Ohio. The city of Cleveland is home to 3 major league sporting teams, The Cavaliers (NBA), Browns (NFL), and Guardians (MLB). Broadview Heights, a suburban area of Cleveland, Ohio, offers immediate access to major highways such as I-77, I-80, and I-271, ensuring excellent connectivity to the greater Cleveland metro area. The surrounding region is home to a mix of residential neighborhoods, hospitals, retail centers, restaurants, golf courses, and business parks, providing a well-established environment for companies across various industries. The surrounding area of interchange I-71 & E Royalton Rd. has been the benefactor of major development in revitalizing the immediate area very close to South Hills Office Park, with the recent addition of retail strips, restaurants and local hospital systems. The area also benefits from its proximity to other major cities in the region, making it an attractive location for businesses looking to tap into Northeast Ohio’s growing economy. Why South Hills Office Park? The park presents an excellent opportunity for investors seeking a unique opportunity for a Class-A Park offered well below replacement cost with the potential for significant upside through lease-up, as the park currently sits at a combined occupancy of just under 64%. With its strategic location, strong tenant mix, and well-maintained infrastructure, the South Hills Office Park offers a stable and attractive investment opportunity for both institutional and private investors looking to grow their portfolios in a premier Midwest market. Location: The South Hills Office Park is strategically located in Broadview Heights, just minutes,from key highways such as I-77, I-80 (the Ohio Turnpike), and I-271. This prime location provides easy access to Cleveland, Akron, and other major metropolitan areas in Northeast Ohio, ensuring convenient transportation for tenants and visitors alike. With ease of access to major roadways, the properties provide easy access to the downtown areas of major metros Cleveland, OH (14 Miles), Akron, OH (25 Miles), Pittsburgh, PA (121), Columbus, OH (129 Miles), Detroit, MI (174 Miles). Stable Current Tenant Mix: The South Hills Office Park boasts a strong mix of tenants, including both national and local businesses. With the current occupancy sitting at just under 64%, this provides a new owner significant upside potential. Through lease-up and collecting annual rent increases through most existing tenants, the properties provide a unique opportunity for stable returns through both the 9100 and 9150 buildings, while allowing tremendous upside in backfilling the 9200 building. The properties have been well-constructed and maintained over the years, offering a high standard of tenant experience. Property Features: The South Hills Office Park offers a well-maintained, Class-A office park with a strong mix of office space and ample parking for tenants and visitors. The properties are situated on over 14 acres, providing a desirable amount of space and flexibility for businesses. Given the current occupancy rate, new ownership can unlock tremendous upside potential through lease-up opportunities.