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Lakeland Medical Building 25701 N Lakeland Blvd
38,944 SF 31% Leased Office Building Cleveland, OH 44132 $3,750,000 ($96/SF)
Investment Highlights
- Prime 43,000+ SF office asset positioned excellently along Lakeland Freeway/Interstate 90 in the Cleveland suburb of Euclid.
- Property has close proximity to Downtown Cleveland, the Cleveland Hopkins International Airport, and the wide-reaching Cleveland metro area.
- Strong 10-mile population of over 467,000 residents with a large talent pool that reaches over 220,000 for education/health and business services.
- Exceptional investment or owner/user opportunity to acquire a 74% leased building with upside through vacancy lease-up or owner occupancy.
- Located near a wealth of amenities including CVS Pharmacy, Chase Bank, Pizza Hut, Wendy's, Walgreens, Taco Bell, and many more.
Executive Summary
This asset has excellent cash flow and value-add potential through the lease-up of vacant space. A new owner could be an investor looking to fill the vacant space with a new tenant, but this is also a prime owner/user opportunity with optionality. The current tenant mix comprises office and mixed-use offices. The property has seen numerous improvements in recent years, including resealing and re-striping the entire parking lot, new roofing, and an extensive office renovation and build-out.
The property has a prime location with fantastic Interstate 90 exposure and immediate freeway access, as well as close proximity to Downtown Cleveland and the Cleveland Hopkins International Airport. With convenient access to the property, commuters can easily reach 25701 N Lakeland Boulevard from a wide geographic area, including Cleveland, University Heights, Highland Heights, Mayfield Heights, Willoughby, and others. The nearby area is mostly industrial, with an Amazon fulfillment center just a couple of blocks away. Some of the nearby retailers include Atlas Cinemas, Chase Bank, CVS Pharmacy, KFC, Pizza Hut, Popeyes, SIMS Buick, Simon's Supermarket, Walgreens Whistle Stop Tavern, and more.
Property Facts
Amenities
- Security System
- Signage
- Kitchen
- Central Heating
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 700 SF | Office/Medical | Full Build-Out | Now |
| 1st Floor | 700 SF | Office/Medical | Full Build-Out | Now |
| 1st Floor | 700 SF | Office/Medical | Full Build-Out | Now |
| 1st Floor | 700 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste 101 | 700 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste 103 | 500 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste 104 | 300 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste 105 | 600 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste 106 | 700 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste 111-113 | 1,300 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 201 | 350 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 206 | 600 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 209 | 350 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 211 | 300 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 215 | 1,800 SF | Office/Medical | Full Build-Out | Now |
| 3rd Fl-Ste 300 | 500 SF | Office/Medical | Full Build-Out | Now |
| 3rd Fl-Ste 302 | 600 SF | Office/Medical | Full Build-Out | Now |
| 3rd Fl-Ste 307 | 1,300 SF | Office/Medical | Full Build-Out | Now |
| 4th Fl-Ste 400 | 400 SF | Office/Medical | Full Build-Out | Now |
| 4th Fl-Ste 402 | 350 SF | Office/Medical | Full Build-Out | Now |
1st Floor
| Size |
| 700 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 700 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 700 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 700 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 101
| Size |
| 700 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 103
| Size |
| 500 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 104
| Size |
| 300 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 105
| Size |
| 600 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 106
| Size |
| 700 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 111-113
| Size |
| 1,300 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 201
| Size |
| 350 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 206
| Size |
| 600 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 209
| Size |
| 350 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 211
| Size |
| 300 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 215
| Size |
| 1,800 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 300
| Size |
| 500 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 302
| Size |
| 600 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 307
| Size |
| 1,300 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 400
| Size |
| 400 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 402
| Size |
| 350 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 700 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
1st Floor
| Size | 700 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
1st Floor
| Size | 700 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
1st Floor
| Size | 700 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
1st Fl-Ste 101
| Size | 700 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
1st Fl-Ste 103
| Size | 500 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
1st Fl-Ste 104
| Size | 300 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
1st Fl-Ste 105
| Size | 600 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
1st Fl-Ste 106
| Size | 700 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
1st Fl-Ste 111-113
| Size | 1,300 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
2nd Fl-Ste 201
| Size | 350 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
2nd Fl-Ste 206
| Size | 600 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
2nd Fl-Ste 209
| Size | 350 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
2nd Fl-Ste 211
| Size | 300 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
2nd Fl-Ste 215
| Size | 1,800 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
3rd Fl-Ste 300
| Size | 500 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
3rd Fl-Ste 302
| Size | 600 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
3rd Fl-Ste 307
| Size | 1,300 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
4th Fl-Ste 400
| Size | 400 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
4th Fl-Ste 402
| Size | 350 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One free month rent. Free build-out. Please reach out by phone call or text to schedule a showing.
About Northeast
Northeast Cleveland offers a prime location along Lake Erie and just a short drive from downtown Cleveland, 20 minutes away via Interstate 90. Other key employment nodes are easily accessible, as well, via Interstate 480 and multiple state and U.S. routes that cross the area. One of Cleveland’s top employers, Progressive Insurance, is headquartered just south in Mayfield Village. Progressive is one of the nation’s largest providers of car insurance and employs over 10,000 in Northeast Ohio.
Many other important employers are located a short distance away, including the main campuses of University Hospitals and the Cleveland Clinic, 15 miles southwest. Top colleges and universities provide a large pool of highly educated talent, among them Case Western Reserve University, Notre Dame College, and John Carroll University.
The area is populated by higher-density, middle-income neighborhoods to the west and along Lake Erie, and lower-density, higher-income neighborhoods to the east. Residents and employees are provided a wealth of opportunities for recreation, including countless beaches along Cleveland’s Great Lake. Euclid Beach Park features a 650-foot beach and new, 150-foot observation pier. North Chagrin Reservation draws visitors from across the metro area, with attractions including Squire’s Castle, A.B. Williams Memorial Woods, Buttermilk Falls, and North Chagrin Nature Center.
Northeast Cleveland is one of the area’s largest office nodes, with 9.5 million square feet of space. Steady demand has resulted in a limited inventory of available space, with a vacancy rate well below the market average. Investors have increasingly taken note of the area’s many attributes and solid fundamentals, driving a consistent level of sales, ranking among Cleveland’s most active transaction markets.
DEMOGRAPHICS
Demographics
Nearby Amenities
Hospitals |
|||
|---|---|---|---|
| UH Regional Hospitals | Acute Care | 5 min drive | 2.3 mi |
| Euclid Hospital | Acute Care | 7 min drive | 3.3 mi |
| Rainbow Babies and Childrens Hospital | Children's | 18 min drive | 9.4 mi |
| University Hospitals of Cleveland | Acute Care | 18 min drive | 9.4 mi |
| Hirest Hospital | Acute Care | 16 min drive | 10 mi |
Retail |
||
|---|---|---|
| United States Postal Service | Business/Copy/Postal Services | 6 min walk |
Hotels |
|
|---|---|
| FairBridge Inn |
213 rooms
7 min drive
|
PROPERTY TAXES
| Parcel Number | 643-25-010 | Improvements Assessment | $36,790 |
| Land Assessment | $34,550 | Total Assessment | $71,340 |
PROPERTY TAXES
About the Seller
Presented by
Lakeland Medical Building | 25701 N Lakeland Blvd
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