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11201 Shaker Blvd, Cleveland, OH, 44104

11201 Shaker Blvd
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Key Information

Tot. SF
40,944
Year Built
1970
Type
Office

Highlights

  • SIGNIFICANT CAPITAL IMPROVEMENTS – Over the last five years, ownership has installed a new TPO roof with 20-year warranty as well as Solar Panels, providing new ownership with reduced heating and cooling loads by 20% and annual estimated savings over $12,000 per year.
  • STRONG TENANT MIX – The asset is comprised of local, regional and national healthcare tenants providing a synergistic mix of complementary tenants.
  • LARGE PARCEL – The asset sits on ±3.20 AC, providing ample parking (185+ Spots) and long term viability to continue to operate at full capacity as a strong medical facility.
  • DOUBLE DIGIT CAP RATE – The property is being offered for sale at an in place 10% cap rate, providing an investor with a double digit return potential day one.
  • TURN KEY ASSET – Ownership has spent in excess of a million dollars in renovations to create a premier health care asset. New ownership will benefit from the significant capital expenditures and improvements made to the property that will continue to drive value and retain tenancy.

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Location

Agents

Financing Agents

Broker of Record

Matt Wallace

License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc.
950 Main Ave., Suite 510, Cleveland, OH 44113