Hospital-Adjacent Medical Office
For Sale
Contact for pricing
29103 Center Ridge Rd, Westlake, OH 44145
Fully leased outpatient facility with NNN leases and annual rent escalations supports a low-management ownership profile.
Property SizeContact for details
Days on Market131
Property Features for 29103 Center Ridge Rd
General Information
Standard status
Active
Property subtype
Office
Listing Agency:
ParaSell Inc
(949) 942-6585
Listed By:
Scott Reid · License #GA - 77666
Source:
Crexi
Added: Apr 24
Changed: Aug 31
Last Checked: Aug 30 at 7:22AM
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 ParaSell Inc
Investment Insights
Based on property information with market context.
Located at 29103 Center Ridge Rd in Westlake, Ohio, this 18,920-square-foot medical outpatient building is fully leased to two healthcare users: Spa West, a medical spa and wellness operator, and a dental practice supported by Shared Practices Group. The property is positioned directly across from University Hospitals St. John Medical Center and provides medical-focused space along Center Ridge Road.
Both leases are structured as NNN agreements, with annual rent escalations averaging 3.5%. The property has a 9-year Weighted Average Lease Term, while personal guaranties from multiple SPG executives support the dental lease. Its setting along an established healthcare corridor places it among physician practices, outpatient clinics, wellness providers, and other consumer-facing healthcare services.
The building is near Crocker Park and Great Northern Mall, with regional access through I-90. Cleveland Hopkins International Airport is less than 10 miles away, and the property is located within the Greater Cleveland metropolitan area.
Both leases are structured as NNN agreements, with annual rent escalations averaging 3.5%. The property has a 9-year Weighted Average Lease Term, while personal guaranties from multiple SPG executives support the dental lease. Its setting along an established healthcare corridor places it among physician practices, outpatient clinics, wellness providers, and other consumer-facing healthcare services.
The building is near Crocker Park and Great Northern Mall, with regional access through I-90. Cleveland Hopkins International Airport is less than 10 miles away, and the property is located within the Greater Cleveland metropolitan area.
Key Highlights
- 18,920‑square‑foot medical outpatient building at 29103 Center Ridge Rd, Westlake, OH 44145
- 100% leased to a medical spa and dental practice
- Both tenant leases are structured as NNN
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44145, OH
34,228
Population
15,781
Households
2.2
Avg Household Size
47
Median Age
58%
College-Educated
96%
High-School Grad
15.9 sq mi
ZIP Area
2,153
Density / Sq Mi
$110,101
Median Household Income
$63,385
Median Earnings
$1,480
Median Rent
$336,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Banfield Pet Hospital — 27370 Center Ridge Rd, Westlake, OH 44145
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased outpatient facility with NNN leases and annual rent escalations supports a low-management ownership profile.
Where is this medical office space located?
The property is located at 29103 Center Ridge Rd Westlake, OH.
What are key features of this property?
This property features: 18,920‑square‑foot medical outpatient building at 29103 Center Ridge Rd, Westlake, OH 44145; 100% leased to a medical spa and dental practice; Both tenant leases are structured as NNN
