Hillcrest Medical Office Building II

Off-Market

6801 Mayfield Road, Cleveland, OH 44124

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  • Property Type Office - Medical Office
  • Property Size 71,850 SF
  • Lot Size 2.58 Acre
  • Parking Spaces Avail. 229
  • Parking Ratio 3.20 / 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1974

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 10 Jul, 1998
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Cleveland

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Cleveland Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $20.13
  • 2022 Office Vacancy Rate 19.92%
  • 2022 Office Completions (SF)

Cleveland Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $26.75
  • Y-o-Y Avg. PpSF Change -39.42%
  • 2022 Office Sales Volume $38.1M
  • 2022 Number of Transactions 5
View more Cleveland market trends

Location

Getting Around

  • Walk Score ®

    50/100 Somewhat Walkable
  • Transit Score ®

    33/100 Some Transit
  • Bike Score ®

    46/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Cleveland, OH
  • Neighborhood Mayfield Heights
  • Zip Code 44124
  • Market Cleveland Akron

Points of Interest

  • Green Road

    5.26 miles

  • Warrensville–Shaker

    6.10 miles

  • Warrensville–Van Aken

    6.61 miles

  • Lynnfield

    6.93 miles

  • Kenmore

    7.27 miles

  • Lee–Van Aken

    7.79 miles

  • Stokes-Windermere Station

    7.88 miles

  • Lake Shore Live Steamers

    8.19 miles

  • Superior

    8.21 miles

  • Coventry

    8.23 miles

  • eVgo

    0.32 miles

  • Costco Gasoline

    0.76 miles

  • Shell

    0.79 miles

  • Sunoco

    0.89 miles

  • Shell

    1.26 miles

  • Marathon

    1.41 miles

  • Marathon

    1.57 miles

  • Marathon

    1.61 miles

  • BP

    2.26 miles

  • Shell

    2.68 miles

  • Hillcrest Hospital Parking Garage

    0.24 miles

  • Colony Square

    0.98 miles

  • High School Football lot

    1.68 miles

  • Wilson Mills Trailhead

    2.20 miles

  • A. B. Williams parking lot

    2.76 miles

  • Horse Trailer Parking

    3.44 miles

  • Beachwood Place Parking Garage

    3.52 miles

  • La Place at Beachwood Place - Garage Parking

    3.55 miles

  • Hyatt Place Parking Garage

    3.77 miles

  • Notre Dame River

    4.25 miles

  • Comfort Inn Mayfield Heights Cleveland East

    0.79 miles

  • Holiday Inn

    1.52 miles

  • Staybridge Suites

    1.78 miles

  • Hyatt Place Cleveland/Lyndhurst/Legacy Village

    3.72 miles

  • Homewood Suites

    4.80 miles

  • Clarion Hotel Beachwood-Cleveland

    5.04 miles

  • Courtyard

    5.11 miles

  • DoubleTree

    5.19 miles

  • Fairfield Inn & Suites Beachwood

    5.21 miles

  • Residence Inn

    5.22 miles

  • 56 Kitchen

    0.19 miles

  • First Watch

    0.19 miles

  • Winking Lizard

    0.19 miles

  • Scrambler Marie's

    0.31 miles

  • Master Pizza

    0.32 miles

  • Gyro's

    0.33 miles

  • Wendy's

    0.35 miles

  • Chipotle

    0.35 miles

  • Dibella's Old Fashioned Submarines

    0.37 miles

  • Jimmy John's

    0.39 miles

  • Saint Francis School

    0.16 miles

  • Mayfield Middle School

    0.68 miles

  • LaBarberia Institute of Hair

    0.95 miles

  • Gilmour Academy

    1.29 miles

  • Mayfield Center Elementary School

    1.38 miles

  • Cleveland School

    1.71 miles

  • Mayfield High School

    1.71 miles

  • Oakville Road School

    1.80 miles

  • Goddard School

    2.14 miles

  • Corpus Christi Academy

    2.15 miles

  • Miss Pat's Daycare

    5.03 miles

  • Discovery Preschool

    5.53 miles

  • Yabi Jewish Nursery & Child Care

    5.61 miles

  • K&M Childcare

    5.88 miles

  • The Centers for Families and Children

    6.38 miles

  • Precious Gem Childcare Center

    6.52 miles

  • Toddle Inn

    6.67 miles

  • Child Development Center

    6.87 miles

  • Nottingham Child Care

    6.91 miles

  • Kidtopia

    7.52 miles

Frequently Asked Questions

What is the total square footage of Hillcrest Medical Office Building II?

Hillcrest Medical Office Building II totals 71,850 square feet.

When was this property built?

Hillcrest Medical Office Building II was built in 1974.

When was Hillcrest Medical Office Building II last sold?

Hillcrest Medical Office Building II was last sold on 10 Jul, 1998.

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