3401 Enterprise Pky - Office FOR SALE
Beachwood, OH 44122 |
3401 Enterprise Pky
Beachwood, OH 44122
HIGHLIGHTS
- Rare Opportunity: Class A medical/professional building - irreplaceable RE with tremendous upside (current occupancy 79% vs market 94%).
- One of the most desirable and sought-out suburban markets for all properties: directly adjacent to I-271 (175,000 VPD) & 212,000 people within 5 miles
- Located among some of highest concentration of office occupancy in Greater Cleveland: Chagrin Boulevard Corridor at 94%.
- Low $118/SF pricing, far below replacement costs with 65% of existing tenants leased to 2027 and beyond (WALT 5.2 Years) and over 70% Nationals.
- New (2022) 15-year roof, recent elevator modernization project ($600,000), high-end building amenities: outdoor terraces, heated garage, and a café.
- Strong, affluent market with average household incomes of over $180,000 within 1 mile | State-rated as Excellent & Top-rated Beachwood Schools.t
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Office
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
130000
STORIES
5
BUILDING CLASS
A
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
672
LAND DETAILS
LAND ACRES
7.93 AC AC
LAND SF
345,431 SF
ZONING
-
APN/PARCEL ID
742-20-028
