3401 Enterprise Pky

• LOCATION, LOCATION, LOCATION! Once in a Lifetime Opportunity for Class A Medical and Professional Building - Irreplaceable
Real Estate with Tremendous Upside with Current Occupancy at 79%, Significantly Below the Market’s 94%
• Low $118/S.F. Pricing, Far Below Replacement Costs with 65% of Existing Tenants Leased to 2027 and Beyond (WALT 5.2 Years) and
Over 70% Nationals, Providing Great Rent Roll Stability from Existing Current Tenants
• High-End Building Amenities with Outdoor Terraces, Beautifully Landscaped Grounds, Heated Indoor Parking Garage and Ample
Surface Parking, Café (Providing Breakfast and Lunch), Conference Room/Learning Center, Electronic Directory, 3 High-Speed
Elevators and On-Site Staff
• Located Amongst Some of the Highest Concentration of Office Occupancy Rates in the Greater Cleveland Marketplace with the
Chagrin Blvd. Corridor Market Occupancy at 94% and Below Market Rental Rates of $20.75/S.F. vs. Current Market Rates Averaging
$22.25/S.F.
• Property Sits on Oversized Parcel of Approximately 8 Acres with Very Unique Zoning Designation of “Motor Services”, Allowing for All
Sorts of Uses and Leads to Very Large Land Values
• One of the Most Desirable and Sought Out Suburban Markets in Northern Ohio for Office, Retail and Other Commercial Properties:
Directly Adjacent to I-271 with Visibility, Signage and Exposure (175,000+ VPD) and Located Off Highly Traveled Chagrin Blvd.
(68,000 VPD) at Intersection
• Long-Term Tenants In Place with Recent Extensions and Expansions Proving Commitment and Success, Along with Excellent Leasing
Traction with New Lease Executions
• High Medical Concentration with Approximately 50% of Tenants in the Medical Industry and Anchored by Long-Term Medical Users
(Arizona College of Nursing and The Emily Program) and Other Well-Known Professional Tenancy
• Direct Access to Extremely Large Population Base (Approx. 212,000+ People Within 5-Miles) and Daytime Working Population (Over
175,000) in Extremely High Barrier to Entry Market: Heart of the Area’s Commercial, Retail & Residential Development
• Aesthetically Pleasing Curb Appeal with New Roof (2022 with 15-Year Transferrable Warranty), Recent Elevator Modernization Project
(Over $600,000), Parking Lot/Garage Upgrades and Improvements
• Strategically Positioned Directly Off I-271 (Approx. 175k Vehicles Per Day): Perfect for Medical and Other High-Profile Tenants Wanting
the Best Location for Customer Access
• Premier Location at Signalized Intersection at the Entrance to a Class “A” Office Park and Close Proximity to Other Bountiful Area
Amenities, Including Restaurants, Retail and Hotels
• Highly Visible Monument Signage in Multiple Locations and Tenant Signage on Building Boldly Visible from I-271
• Strong, Affluent Market with Average Household Incomes of Over $180,000 Within 1-Mile and an Estimated 10,000+ Businesses in
Beachwood Alone!
• Advantageously Located Quality Education: State-Rated “Excellent” and Top-Rated Beachwood Exempted Village School District
• Major Complimentary Nearby National Retailers: Newer Construction Pinecrest Lifestyle Center, Eton Lifestyle Center, Legacy Village,
Pavilion, Village Square, Harvard Park and Beachwood Place Mall, Along with Numerous Fitness Centers, Hotels and Restaurants
• Surrounded by Major Employers All Within 1-Mile: University Hospital’s Ahuja Medical Center (2,500 Employees and $200 Million
Recent Expansion), Cleveland Clinic (2,900 Employees), Eaton Corp. HQ (2,000 Employees), Bank of America, Cuyahoga Community
College, Site Centers Corp. HQ and ABB Inc. (500 Employees)
• Desirable Suburban Community with Short Commute (11 Miles) to Downtown Cleveland with Immediate Proximity to Several
Colleges/Universities and Numerous Other High-Profile Companies