Metropolitan Plaza presents a prime opportunity to acquire a Class A multi-tenant office building in the affluent east-side suburbs of Cleveland, OH. Built in 2000, the property spans approximately 200,974 square feet and boasts a current occupancy rate of 63%. Strategically located within the vibrant Chagrin Highlands area, it offers convenient access to major highways, a diverse range of amenities, and a strong talent pipeline from nearby colleges and universities. The property’s extensive amenity offerings, including a modern tenant lounge, fitness center, conference facilities, on-site food service, covered parking, and a scenic courtyard, have been recently upgraded to enhance the tenant experience. With a weighted average lease term of nearly five years and competitive rental rates, Metropolitan Plaza provides stable in-place cash flow with significant value-add potential through the lease-up of its 37% vacancy. Its prime location in Highland Hills benefits from proximity to I-271 and a strong corporate presence, supported by nearby dining, retail, and fitness options. The combination of Class A construction, flexible suite configurations, and high demand in the office market makes this a compelling investment opportunity with strong leasing potential.
Metropolitan Plaza presents a prime opportunity to acquire a Class A multi-tenant office building in the affluent east-side suburbs of Cleveland, OH. Built in 2000, the property spans approximately 200,974 square feet and boasts a current occupancy rate of 63%. Strategically located within the vibrant Chagrin Highlands area, it offers convenient access to major highways, a diverse range of amenities, and a strong talent pipeline from nearby colleges and universities. The property’s extensive amenity offerings, including a modern tenant lounge, fitness center, conference facilities, on-site food service, covered parking, and a scenic courtyard, have been recently upgraded to enhance the tenant experience. With a weighted average lease term of nearly five years and competitive rental rates, Metropolitan Plaza provides stable in-place cash flow with significant value-add potential through the lease-up of its 37% vacancy. Its prime location in Highland Hills benefits from proximity to I-271 and a strong corporate presence, supported by nearby dining, retail, and fitness options. The combination of Class A construction, flexible suite configurations, and high demand in the office market makes this a compelling investment opportunity with strong leasing potential.