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Rockside Square
6133-6155 Rockside Road
Independence, OH 44131
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Significant Price Reduction: 95% Occupied Asset Far Below Replacement Value, High 9.60% CAP Rate & Incredible Anticipated Year-1 Cash-on-Cash Return of 14.42%
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Irreplaceable Cleveland Suburban Office Location: Directly Off I-77 on the Renowned Rockside Road Corporate Corridor, Home to Over 800 Businesses, Hotels, Restaurants, and Professional Service Firms
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Future NOI Growth & Upside: Most Tenants Have Annual Rental Increases for Continual Income Growth & Remaining Upside Through Lease-Up of Vacant Units
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Affluent Corporate Trade Area: Average Household Incomes Approaching $182,000 Within One Mile, Exceeding $100,000 Within Three Miles, and More Than 211,000 Residents Within a Five-Mile Radius
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Proven Rent Roll Stability: All Anchor Tenants Signed to Long-Term Leases with Increase over Base Year Structure with Average occupancy Over 90% Over the Last 10 Years, Demonstrating Consistent Demand/Stability
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Signalized, Full-Access Entrance with Monument Signage: Along Rockside Road (30,000+ VPD) Providing Excellent Visibility, Convenient Ingress/Egress, and Direct Connectivity to I-77 (201,000+ VPD), I-480 (165,000+ VPD) and the Greater Cleveland Market
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Diverse Tenant Mix: Great Mix of International, National, & Regional Tenured Tenants with Consistent Renewals
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Exceptional Tenant Amenities: Including Modern Fitness Center with Showers, Conference Facilities, Outdoor Patio Areas, Electronic Tenant Directories, and On-Site Vending
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Extensively Updated Asset: Several Recent Building Upgrades with Most of Building Mechanical Systems Replaced & Brand New 10-Year Roof Warranties for Both Buildings
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Centralized Northeast Ohio Location: Approximately 15 Minutes to Downtown Cleveland, 15 Minutes to Cleveland Hopkins International Airport, 30 Minutes to Akron and Within Easy Reach of Every Major Employment Center in the Cleveland MSA
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Strong Employment Base: Headquarters of CBIZ (Approximately 10,000 Employees Company-Wide, Less Than 1 Mile), Heidelberg Distributing (~1,600 Company-Wide Employees, 4 Miles), Independence Excavating (~1,000 Employees, 1 Mile), GrafTech International (~1,100 Company-Wide Employees, 3 Miles), Along with More Than 300 Businesses Throughout Independence's Premier Rockside Road Office Corridor
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Walkable Business Environment: Surrounded by Numerous Hotels, Restaurants, Entertainment Venues, and Everyday Conveniences Within the Rockside Road Corporate Corridor
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Minutes from World-Class Healthcare: Cleveland Clinic (~10 Miles Northeast, ~1,300 Beds, 83,000 Employees System-Wide), University Hospitals (~10 Miles Northeast, 1,000+ Beds, 16,000 Employees System-Wide), and MetroHealth Systems (~7 Miles Northeast, 700+ Beds)
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Close Proximity to Downtown Cleveland's Business, Entertainment, and Cultural District: Including Progressive Field, Rocket Arena, Playhouse Square, the Rock & Roll Hall of Fame, and the Cleveland Convention Center
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Executive Housing & Workforce: Surrounded by Affluent and Established Cleveland Suburbs Including Independence, Brecksville, Broadview Heights, Seven Hills, and Parma
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