2205-2237 Crocker Rd, Westlake, OH

Listing agent Rico A. Pietro, SIOR

Listing office Cresco Real Estate | Cleveland r***@crescorealestate.com Show Phone

Listing date Nov 5, 2024

Source Moodyscre

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Westlake

County

Cuyahoga

State

Ohio

Longitude

-81.948

Latitude

41.4557

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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.