Property profile

2205-2237 Crocker Rd Westlake, OH 44145

OFF-MARKET
Office buildings
Property ID
US66-Q005163
97,524 SF
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Property summary

AI-generated overview

- Property located in Westlake, OH; Cleveland’s premier suburban market (Median household income: $103,000+) - Class A 3-building portfolio (62% of portfolio completed in 2024) - Features long-term tenants with national credit, including medical and professional office users - Landlord-friendly leases with minimal landlord responsibilities and yearly rent increases - Proven history of steadily increasing rents - Portfolio weighted average lease term remaining (WALT): 7.75 years - Remaining office vacancies likely to benefit from medical users, who typically command higher rents and longer terms compared to office users - Directly adjacent to brand new retail development (Crocker Commons retail) and across from Crocker Park, a 4.5 million square foot award winning mixed-use development

Property profile

Verified
Property type Office buildings
Total area 97,524 SF
UPID US66-Q005163

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2205-2237 Crocker Rd Westlake, OH 44145
Westlake metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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