Lake West Medical Building
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Lake West Medical Building
Building description
Located in the highly accessible and desirable Northeast Cleveland submarket, the property offers an outstanding combination of institutional-quality construction, strong healthcare tenancy, and direct adjacency to UH Lake West Medical Center.
Building highlights
• Strategic Healthcare Location: Directly across from University Hospitals Lake West Medical Center, a 237-bed full-service hospital.
• Excellent Visibility & Access: Located on Euclid Avenue with exposure to over 31,000 vehicles per day across two major arterials; prominent signage and street presence.
• Stable In-Place Tenancy: 60% occupancy with an average tenant tenure of 12.7 years.
• University Hospitals: Second-largest health system in Ohio; $4.5B+ in annual revenue; Moody’s A2-rated investment-grade credit; nonprofit healthcare provider with deep roots in the Cleveland MSA.
• Thriving Retail Corridor: Located on Euclid Avenue, a high-traffic daily needs corridor featuring Target, Lowe’s, Giant Eagle, Chick-fil-A, multiple QSRs, auto service businesses, and other essential retailers.
• Metro Market: Cleveland MSA population exceeds 2.2 million;
part of the broader Cleveland-Akron-Canton region with
3.6 million residents.
• Strong Real Estate Fundamentals: Situated on a 2.87+/- acre parcel with excellent middle-income density – 57,650 residents within 3 miles and 120,992 within 5 miles; $90K AHHI within
3 miles.
• Redevelopment Potential: The property offers a compelling opportunity for repositioning or redevelopment, that could support higher-density use, improved tenant mix, or enhanced amenities—unlocking significant upside for investors.
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