Washington Center

Property Type: , | Property Status: Available

Muvel Washington Center

Property Details

Price: $7,075,000

CAP Rate: 8%

Square Feet: 67,395

Tenancy Type: Local

Lease Type: NNN

Location Info

Address: 524, 528, 530 Washington Street

City: Chagrin Falls

State: OH

Zip: 44022

Property Description

Short Description:
100% Occupied, Predominantly NNN, 3-Building Retail/Flex Asset: Exceptionally Affluent Market with Average Household Incomes Over $200,000 Within a 3-Mile Radius!!

Long-Term Service-Oriented and Other Recession Proof Users Tenants: Recent Renewals, Extensions, Expansions and Leasing Activity, Proving Tenant Success, and Demand in this Market • Top Rated Education System Countrywide: Chagrin Falls High School Rated in Newsweek’s “Complete List of Top U.S. Schools”, and Has Been Named an “Excellent” Rating for Numerous Years that Consistently Ranks in the Top 100 Public Schools in the Country and Regularly Ranked as a Top 10 District in Ohio • Desirable Suburban Community with Short Commute (20 Miles) to Downtown Cleveland with Immediate Proximity to Several Colleges and Universities, National Retailers and High-Profile Companies, Along with Being 28 Miles to Cleveland Hopkins International Airport • All of the Tenants Have Either Signed a New Lease, Renewed, Expanded over the Last Two Years • Located 1-Mile from the Historic Downtown Chagrin Falls, Offering Shopping, Dining, Festivals, Events, Which Includes The Blossom Time Festival, Art by the Falls (Attracts 10k+) and Chagrin Documentary Film Festival • Surrounded by High-Class Residential Communities and Luxury Living with the Addition of Brand-New Riverhaus Chagrin Falls by Brickhaus Construction of Luxury Townhomes Overlooking the Chagrin River