2205-2237 Crocker Rd Westlake, OH
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Class A office portfolio in premier suburban market for sale.
Type:OFFICE
Property size:
97,524 SFLot size:
8.59 AcresPrice / SF:
$205/SF- Added:
- Nov 5, 2024
- Days on Market:
- 541
- Last Refresh:
- Apr 5 at 10:03 pm
Property Features for 2205-2237 Crocker Rd
General Information
- Standard status
- Active
- Size
- 97,524 SF
- Lot size
- 8.59 Acres
- Property subtype
- OFFICE
Listing agent Rico A. Pietro, SIOR
Listing office Cresco Real Estate | Cleveland (216) 520-1200
Listing date Nov 5, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Cresco Real Estate | Cleveland
Overview
Westlake Class A Office Portfolio
This property is a Class A, three-building portfolio located in Westlake, Ohio, a premier suburban market of Cleveland. Approximately 62% of the portfolio was completed in 2024. The property features long-term tenants with national credit, including medical and professional office users. The leases are landlord-friendly, with minimal landlord responsibilities and yearly rent increases. The portfolio has a proven history of steadily increasing rents. The portfolio weighted average lease term remaining (WALT) is 7.75 years. Remaining office vacancies are likely to benefit from medical users, who typically command higher rents and longer terms compared to office users. The property is directly adjacent to a brand new retail development (Crocker Commons retail) and across from Crocker Park, a 4.5 million square foot award-winning mixed-use development. The property size is 97524 square feet.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Westlake
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.948
- Latitude
- 41.4557
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Class A office portfolio in premier suburban market for sale.
Where is this office building located?
The property is located at 2205-2237 Crocker Rd Westlake, OH.
What is the asking price?
The asking price for this property is $20,000,000.
What are key features of this property?
This property features: Class A portfolio, largely completed in 2024.; Long‑term tenants with national credit provide stability.; Landlord‑friendly leases offer minimal responsibilities and yearly rent increases.
