Updated Jul 31, 2025
Cleveland Investment Group Sells Winbury Medical Office In Chagrin Falls For $8.8M
8401 Chagrin Road
$8,800,000
$161/SF
Building Size
54,505 SF
Asset Type
Medical Office
Closing
Jul 30, 2025
About this deal
AI
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.
Players
Chagrin Falls Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93