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2-Tenant, NNN Office | 10-Yr Leases w/Bumps 3711 Chester Ave
92,536 SF 100% Leased Office Building Cleveland, OH 44114 £6,864,300 (£74/SF) 8.50% Net Initial Yield
Investment Highlights
- Incredible Investment Opportunity: 2-tenant, NNN office building with newly built-out tenant spaces on recent extension/lease executions
- Surrounded by a world-class hospital system (Cleveland Clinic), universities (Cleveland State University - 14k Students & Case Western Reserve)
- Advantageously located with convenient highway access: 0.5 miles to major interstate, I-90, connecting to all other Cleveland highway systems with ove
- CHN relocation and expansion, while self-funding approximately $3,045,000 to their build-out, designed to meet their specific needs
- Extremely high-traveled Chester Avenue with over 40,000 vehicles per day surrounding the building
- Main business corridor positioned between Downtown Cleveland, Cleveland State University & the Cleveland Clinic, Cleveland’s largest employer
Executive Summary
-Main business corridor positioned between Downtown Cleveland, Cleveland State University & the Cleveland Clinic, Cleveland’s largest employer
-Ideal geographic location: densely populated county seat and just 13 miles to Cleveland Hopkins International Airport
Property Facts
Amenities
- Fenced Lot
- Basement
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- CHN Housing
- Real Estate
- 43,323 SF
- -
- Triple Net
- Dec 2034
-
- Professional, Scientific, and Technical Services
- 49,213 SF
- -
- Triple Net
- Jun 2034
Revenue Group, based in Cleveland, Ohio a leading accounts receivable management company, was established in 1994 by John J. Sheehan, III. The company was founded with commitment to exceeding client expectations while maintaining an exceptional industry reputation. Revenue Group has grown to become a leader in the industry. Revenue Group aims to be a premier full service agency, always representing their clients with the highest possible regard. Their success is measured not only by financial achievement, but by the high level of opportunity offered to their team members, the relationships treasured with their clients, and a commitment to integrity within the community.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| CHN Housing | Real Estate | 43,323 SF | - | Triple Net | Dec 2034 | |
|
|
Professional, Scientific, and Technical Services | 49,213 SF | - | Triple Net | Jun 2034 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £1,058,901 | |
| Land Assessment | £186,322 | Total Assessment | £1,245,216 |
PROPERTY TAXES
-
Power Broker Daniel Cooper -
Bob Havasi -
Cooper Commercial Investment Group
Presented by
2-Tenant, NNN Office | 10-Yr Leases w/Bumps | 3711 Chester Ave
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