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Chagrin Commerce Bldg 24300 Chagrin Blvd

25,282 SF 96% Leased Office Building Beachwood, OH 44122 £1,843,450 (£73/SF) 9% Net Initial Yield

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Executive Summary

Introducing 24300 Chagrin Blvd., a prime 25,282 SF office building that stands as a prestigious investment opportunity in Beachwood. This timeless property offers an ideal blend of style and functionality, with efficient floor plates that are ideal for small to mid-sized office and medical tenants. 24300 Chagrin is home to 6 dental practices totaling 48% of the total lease-able area of the building. Each of these practices represents a significant investment in the building by the tenant. Including all medical/allied-medical
practices, the building boasts 70% medical tenancy, the majority have called 24300 Chagrin home for 10+ years. The strategic location is a proven winner offering excellent visibility and accessibility in a thriving business district, ensuring lasting appeal for tenants and investors. This 95% occupied building represents a compelling opportunity for those seeking a valuable addition to their commercial real estate portfolio.

Offering Memorandum 24300 Chagrin Boulevard - Beachwood OH REDUCED SIZE

Financial Summary (Pro forma - 2025)	Annual	Annual Per SF
Gross Rental Income	£360,184	£10.07
Other Income	£16,844	£0.47
Vacancy Loss	-	-
Effective Gross Income	£377,027	£10.54
Taxes	£42,938	£1.20
Operating Expenses	£168,184	£4.70
Total Expenses	£211,122	£5.90
Net Operating Income	£165,905	£4.64

Financial Summary (Pro forma - 2025)

Gross Rental Income
Annual	£360,184
Annual Per SF	£10.07

Other Income
Annual	£16,844
Annual Per SF	£0.47

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£377,027
Annual Per SF	£10.54

Taxes
Annual	£42,938
Annual Per SF	£1.20

Operating Expenses
Annual	£168,184
Annual Per SF	£4.70

Total Expenses
Annual	£211,122
Annual Per SF	£5.90

Net Operating Income
Annual	£165,905
Annual Per SF	£4.64

Property Facts

Sale Type

Investment

Property Type

Office

Property Subtype

Medical

Building Size

25,282 SF

Building Class

Year Built

1971

Price

£1,843,450

Price Per SF

£73

Net Initial Yield

NOI

£165,911

Percent Leased

96%

Tenancy

Multiple

Number of Floors

Typical Floor Size

8,427 SF

Slab to Slab

9 ft

Building FAR

0.53

Lot Size

1.10 AC

Zoning

U-7A

Parking

114 Spaces (4.51 Spaces per 1,000 SF Leased)

Amenities

Storage Space

Monument Signage

Space Availability

3rd Fl-Ste 317
442 SF
Office
-
Now

24300 Chagrin Blvd, Beachwood, OH for sale Floor Plan- Image 1 of 1 — Floor Plan

Space	Size	Space Use	Condition	Available
3rd Fl-Ste 317	442 SF	Office	-	Now

Size

442 SF

Space Use

Office

Condition

Available

Now

1 of 1

VIDEOS

3D TOUR

PHOTOS

STREET VIEW STREET

MAP

1 of 1

PROPERTY TAXES

Parcel Number	742-25-013	Total Assessment	£541,887 (2023)
Land Assessment	£142,060 (2023)	Annual Taxes	£42,938 (£1.70/sf)
Improvements Assessment	£399,827 (2023)	Tax Year	2025