22901 Millcreek Blvd - Office FOR SALE


Highland Hills, OH 44122
$22,000,000 USD
216-235-1559
22901 Millcreek Blvd, Highland Hills, OH for Sale
$22,000,000 USD
Office - FOR SALE
1/16
null | Request Cap Rate

22901 Millcreek Blvd
Highland Hills, OH 44122


HIGHLIGHTS

  • Extensive amenity package & recent upgrades position property competitively for discerning tenants, ensuring strong retention & leasing potential.

OVERVIEW

Investment Summary: Metropolitan Plaza presents a prime opportunity to acquire a Class A multi-tenant office building in Highland Hills, Ohio. Built in 2000, the property spans approximately 163,105 total square feet and is currently 75% occupied. Its location within the vibrant Chagrin Highlands area offers convenient access to major highways, a diverse array of amenities, and a rich talent pool from nearby colleges and universities, fostering a strong talent pipeline. The property’s extensive amenity package and recent upgrades position it as a competitive choice for discerning tenants, ensuring strong retention and leasing potential. With a weighted average lease term exceeding nine years and competitive rental rates, this investment delivers stable cash flow and long-term upside through the lease-up of vacant space. Metropolitan Plaza benefits from a prime location with proximity to I-271 and major thoroughfares, offering unparalleled connectivity to Cleveland and surrounding areas. The area boasts a strong corporate presence and is supported by nearby dining, retail, and fitness options. The property features a modern tenant lounge, fitness center, conference facilities, on-site food service, covered parking, and a scenic courtyard—recently upgraded to enhance the tenant experience. With 75% occupancy and a weighted average lease term exceeding nine years, the building is anchored by strong tenants and competitive rental rates. Additionally, a 25% vacancy presents a value-add opportunity through lease-up, supported by flexible suite configurations and strong demand in the Class A office market. Built in 2000, Metropolitan Plaza’s modern design and recent upgrades ensure a high-quality tenant experience, making it a compelling investment opportunity.

FOR SALE DETAILS

PRICE

$22,000,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Metropolitan Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

A

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

711

LAND DETAILS

LAND ACRES

15.57 AC

LAND SF

678,229 SF

ZONING

MPUD

APN/PARCEL ID

751-01-021

ASK ABOUT THIS PROPERTY

Rico PietroCushman & Wakefield | CRESCO Real EstateMore Info
216-235-1559

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Rico PietroCushman & Wakefield | CRESCO Real EstateMore Info
216-235-1559

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.