Office
Crocker Commons - 2205-2237 Crocker Road
2205 Crocker Road
Westlake, OH 44145
- For Sale
- 97,524 Available SF
- $20,000,000
Property Details:
- Property Type: Office
- Listing Type: Sale
- Square Feet Available: 97,524
- Sale Price: $20,000,000
- Submarket: Lakewood/Westlake/Rocky River Area - NW-Z2
- County: Cuyahoga County
-
Size & Area
- Building SF: 97,902
-
Zoning & Development
- Parcel Number: 211-26-078, 211-26-077
Property Description:
The property is situated in Westlake, OH, one of Cleveland's premier suburban markets, with a median household income of over $103,000. It comprises a Class A 3-building portfolio, with 62% of the portfolio completed in 2024. The portfolio features long-term tenants with national credit, including medical and professional office users, and is characterized by landlord-friendly leases that entail minimal responsibilities and yearly rent increases. This investment has a proven track record of steadily increasing rents, with a weighted average lease term remaining (WALT) of 7.75 years. Remaining office vacancies are likely to benefit from medical users, who typically command higher rents and longer lease terms compared to standard office tenants. Additionally, the property is directly adjacent to a new retail development, Crocker Commons, and is located across from Crocker Park, an award-winning mixed-use development spanning 4.5 million square feet.
More Information:
Listing Agents:
Available Spaces:
| Suite | Space Available | Property Type | Listing Type |
|---|---|---|---|
| Crocker Road Portfolio | 97,524 | Office | For Sale |