Interchange Office Building / 28,354 SF / Building 1

8401 Chagrin Rd Building 1, Chagrin Falls, OH

$4,991,867

Price

28,354 sqft

Building Size

5.2 acres

Lot Area

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Map
Overview
Building Size
28,354 sqft
Lot Area
5.2 acres
Occupancy
92%
Class
B
Units
15
Year Built
2001
Floors
2
Description

See OM Attached

GREAT LOCATION WITH EXCELLENT HIGHWAY EXPOSURE

Located directly off the US 422 and SR 306 interchange on Chagrin Road, the property provides exceptional exposure to an average of over 34,500 vehicles per day traveling US 422 with 25,615 VPD going through the intersection of State Route 306 and Chagrin Road.

Highlights
  • GREAT LOCATION WITH EXCELLENT HIGHWAY EXPOSURE
  • Located directly off the US 422 and SR 306 interchange on Chagrin Road, the property provides exceptional exposure to an average of over 34,500 vehicles per day traveling US 422 with 25,615 VPD going through the intersection of State Route 306 and Chagrin Road.
  • IMPRESSIVE ARCHITECTURE
  • The footprint and elevations of the 54,000 square foot, two-story complex, designed in a distinctive western reserve architecture, are well-maintained with high-end buildouts. Continuous and recent updates. Beautifully landscaped grounds are surrounded by natural forested areas on all sides resulting in over 60% of the campus devoted to green space.
  • ONE OF THE MOST AFFLUENT AREAS OF NORTHEAST OHIO
  • With a median household income of $120,536 within a three-mile radius, a highly educated and growing population, and a median home value exceeding $479,000 in the 44023 zip code, Winbury Professional Center is located in one of the wealthiest suburban areas in Northeast Ohio. Within a ten-mile radius, the aggregate household income exceeds $4.6 billion and this figure is expected to grow substantially in the years ahead.
  • HISTORICALLY HIGH OCCUPANCY WITH MANY MEDICAL PRACTICES—PANDEMIC & INFLATION RESISTANT
  • Currently 92% occupied and with historically low vacancy. Over 60% of income generated from medical or medical-related practices —most of whom have been tenants since the building was created, providing stable, long-term income.
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