Lakeview Enterprise Campus presents a premier acquisition for investors, offering a high-yield multi-tenant office property with significant lease-up potential and multiple value-add growth strategies available. Located at 26000-26250 Euclid Avenue in Cleveland, Lakeview Enterprise Campus delivers approximately 199,152 square feet across nine stories and a basement, situated on ±9.99 acres with a true campus feel. The building boasts large, efficient floor plates, accommodating both boutique tenants and larger anchor users, supporting broad leasing demand. The property delivers an in-place tenancy of 48 tenants, providing diversified income and a reduced binary leasing risk during stabilization. The property was originally constructed in 1975 and fully renovated in 2016, with a large number of recently completed capital improvements. Upgrades to the property include a new TPO roof installed in 2024 with a 20-year transferable warranty, a full elevator modernization completed in 2025, a 1-megawatt solar array installed in 2024, and renovated common areas with new paint, carpeting, and LED lighting. Offered at $5.5 million ($27.60 per square foot) with a 10.5% in-place cap-rate at only 47.4% occupancy, a new owner will enjoy robust in-place rental income as well as significant growth potential. Investors will be able to incrementally increase occupancy and cash flow as a multi-tenant office asset by pushing rents to market, improving the tenant mix, and re-tenanting floors over time without disrupting the in-place income. At 75% occupancy, the property is projected to generate approximately $1.09 million in NOI, equating to an estimated ~19.8% cap rate on total cost. At 90% occupancy, projected NOI increases to approximately $1.31 million, representing an estimated ~23.8% cap rate on cost. This delivers a potential 2.3 times to 2.9 times increase in value relative to the going-in basis. In addition to strong leasing potential, Lakeview Enterprise Campus delivers a number of other lucrative growth paths for investors. The campus can be repositioned through mixed-use or residential development, leveraging historic tax credits and adaptive reuse incentives. The property is eligible for 45% historic tax credits, with the historic designation providing a massive basis reduction for residential conversion or capital improvements. Other tax benefits are provided by the property’s attractive Opportunity Zone location, offering deferral of certain capital gains taxes and potential exclusion of additional appreciation for qualifying investments. Additionally, the property can be held long-term to benefit from solar-backed operating expense reductions, enhanced ESG profile, and improved NOI durability. Presenting an upgraded multi-tenant office with diversified income, clear value-add growth strategies, and substantial tax benefits, Lakeview Enterprise Campus offers the perfect acquisition for savvy investors. Contact the Matthews Real Estate Investment Services team today to review the due diligence and schedule a tour. Broker of Record Matt Wallace License # REC.2022007141 (OH) Matthews Real Estate Investment Services, Inc 950 Main Ave., Suite 510, Cleveland, OH 44113 (866) 889-0550