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Cleveland Investment Group Sells Winbury Medical Office In Chagrin Falls For $8.8M
SOLD
$8,800,000
Medical Office54,505 SF
Sold 07/30/2025
SOLD
Cleveland Investment Group Sells Winbury Medical Office In Chagrin Falls For $8.8M
8401 Chagrin Road
See Similar DealsMedical Office54,505 SF
Sold 07/30/2025
Summary
OHIO
Asset Type:Medical Office
Price Per Square Foot:$161
Total Square Footage:54,505 SF
Transaction Type:Sale
The property asset involved in the transaction is a medical office located at 8401 Chagrin Road in Chagrin Falls, OH, comprising a total area of 54,505 square feet. The asset was sold for $8,800,000, reflecting a price per square foot of $161.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $8,800,000
- Sale Price per Square Foot: $161
- Address: 8401 Chagrin Road
- Market: Chagrin Falls, OH
- Broker: Dan Cooper - Cooper Commercial Investment Group
The deal involved a Cleveland-based investment group that sold the medical office asset to a private buyer from the West Coast. The transaction was facilitated by the Cooper Commercial Investment Group, which arranged the sale at 98% of the list price, equating to $168 per square foot.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$469,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,264.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,716.49
Annual Debt Service$500,597.87
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