3609 Park East Dr Beachwood, OH 44122
- Office Properties & Spaces
- 88,193 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 3609 Park East Dr
- Year built
- 1972
- Property size
- 88,193 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
Parkway Medical Center, a prime medical office building in Beachwood, Ohio, presents a unique investment opportunity. This two-building complex totals approximately 88,000 square feet of net rentable area, featuring 10,000-square-foot floor plates perfectly suited for smaller medical practices. Currently, there are multiple suites available, ranging from a minimum of 476 square feet to a maximum contiguous space of 1,617 square feet. The building boasts abundant surface parking, ensuring convenient access for patients and staff. Security is enhanced by a key card access system. Extensive renovations in 2004 included exterior improvements, a new roof and HVAC system, updated lighting, repaving of the parking lot, and a complete refresh of the first-floor common areas. This significant investment has resulted in a stabilized occupancy rate and strong tenant demand. The property's strategic location at Interstate 271 and Chagrin Boulevard provides easy access to major freeways, shopping, and restaurants, making it an ideal location for medical professionals. The five-story building was originally constructed in 1972.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Beachwood
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.4925
- Latitude
- 41.462
