The property consists of two office/flex buildings totaling 39,515 SF on 3.5 acres.
The Property also consists of a Walgreens ground lease until 2054.
• Located 7.6 Miles from downtown Cleveland.
•Two office/flex buildings totaling 39,515 SF on 3.5 acres
•38,000 vehicles per day combined on Chagrin Boulevard and Lee Road
•Hard corner redevelopment opportunity
•Barriers to entry in Shaker Heights
•Dense population – 137,930 with $66,112 average household income within 3 miles
•Schools, library, and municipal building all in close proximity
•Grocery-anchored retail center directly across street
•Convenient access to RTA (Regional Transit Authority)
•Property includes Walgreen’s ground lease
•USPS vehicle repair facility lease recently renewed
Chagrin-Lee Square was acquired by CRE PRO in July of 2018. It is comprised of two office/flex buildings totaling 39,515 square feet. It sits on 3.5 acres and includes a Walgreens ground lease until 2054. The Property was foreclosed on by US Bank and acquired at auction by Gideon Gratsiani of CRE PRO.