216-235-1559
, Mayfield Heights, OH for Sale
Office - FOR SALE
1/10
null | Request Cap Rate

Landerbrook Corporate Center
Mayfield Heights, OH


HIGHLIGHTS

  • Situated 2 minutes from I-271 highway access in Mayfield Heights, providing excellent regional connectivity & proximity to a wide range of amenities.
  • Diverse tenant mix present among the buildings and incredible leasing momentum.
  • Offers more than 200,000 square feet of contiguous Class-A space providing the perfect headquarters opportunity.
  • Advantageous market dynamics with less than 12% vacancy rate in the Cleveland East submarket.

OVERVIEW

The Landerbrook Corporate Center portfolio offers a unique investment opportunity in the heart of Mayfield Heights, Ohio. Comprising three Class A office buildings, the portfolio includes one stabilized property (Building I) and two properties with immense value-add opportunity through lease-up (Buildings II and III). Built in 1997-2001 by Duke Realty, the assets have been very well maintained. The 3-portfolio property boasts modern amenities, high-end finishes in common areas and tenant spaces, and excellent access to I-271 and Cleveland's affluent and entrepreneurial suburbs. Strategically located near a wealth of amenities, including dining, fitness, and retail options, as well as a strong regional talent pool, Landerbrook Corporate Center is positioned to attract premier tenants and deliver substantial upside for investors through increased occupancy and rental growth. • Prime Location: Situated 2 minutes from I-271 highway access in Mayfield Heights, the property offers excellent regional connectivity and proximity to a wide range of dining, fitness, and retail amenities • Diverse Tenant Mix & Leasing Momentum: Recent leasing includes a new 18,000 SF 12-year lease in Building II to Sequoia Financial and other established tenants, providing stable cash flow and showcasing leasing momentum • Headquarters Opportunity: With more than 200,000 SF of contiguous Class-A space that has already been improved, the asset is at the top of the list of potential headquarter locations in suburban Cleveland, offering massive upside for new ownership • Advantageous Market Dynamics: With less than a 12% vacancy rate in the Cleveland East submarket and no current buildings under construction, the current market facts underscore the opportunity to backfill these Class-A spaces in an otherwise tight market. • Modern Amenities: Features include conferencing facilities, tenant lounges, covered parking, and on-site management, complemented by recent lobby renovations and high end finishes throughout

ASK ABOUT THIS PROPERTY

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.

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.