8747 Brecksville Rd - Medical FOR SALE


Brecksville, OH 44141
$3,320,000 USD
440-382-4230
8747 Brecksville Rd, Brecksville, OH for Sale
$3,320,000 USD
Medical - FOR SALE
1/7
null | 7.25% Cap Rate

8747 Brecksville Rd
Brecksville, OH 44141


HIGHLIGHTS

  • 100% leased with a stable, service-based tenant mix.
  • Turnkey condition with minimal capital needs.
  • Strong demographics and spending power with the average household income in a 3-mile radius exceeding $170K.
  • Anchored by credit-backed regional bank.
  • Situated in the heart of Brecksville's charming downtown district, receiving excellent visibility.

OVERVIEW

The Westfield Bank Building 2 is a fully leased commercial property located in the heart of Brecksville’s vibrant downtown district. Spanning 10,603 square feet, the building features a stable, service-oriented tenant mix, including Westfield Bank, Brecksville Dermatology, Platelet Disorder Support Association, and Home Instead—all providing essential services that support long-term tenancy and reliable cash flow. Originally renovated in 2004, the property remains in turnkey condition, requiring minimal capital investment. Clean NNN leases reduce landlord responsibilities and mitigate exposure to operating cost fluctuations. Anchored by credit-backed Westfield Bank, which occupies over 50% of the space and recently exercised a lease extension with 2% annual escalations and a five-year renewal option, the asset offers predictable income growth. The building benefits from strong local demographics, with an average household income exceeding $170,000 within a three-mile radius and more than 73,000 residents in the surrounding five-mile area. Strategically positioned on Brecksville Road (SR-21), just minutes from I-77 and with a traffic count of 10,988 vehicles per day, the property enjoys excellent visibility and access to nearby retail, dining, and city amenities. Offered at $3,320,000 with a projected Year 1 NOI of $243,460 and a 7.25% cap rate, this 100% occupied asset represents a prime investment opportunity in an affluent suburban market.

FOR SALE DETAILS

PRICE

$3,320,000 USD

PRICE/SF

$313 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Westfield Bank Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

-

APN/PARCEL ID

601-36-005

ASK ABOUT THIS PROPERTY

Jim KrivanekCushman & Wakefield | CRESCO Real EstateMore Info
440-382-4230

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Jim KrivanekCushman & Wakefield | CRESCO Real EstateMore Info
440-382-4230

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