29103-29109 Center Ridge Rd Bureau 1 758 m² 100 % Loué À vendre Westlake, OH 44145 8 474 231 € (4 821,13 €/m²) Taux de capitalisation 7,23 %

Jennifer Stein Real Estate, Inc., in conjunction with Zeustra Healthcare Real Estate Advisors – Out-of-State Cooperating Broker, is pleased to present the exclusive opportunity to acquire 29103 Center Ridge Road in Westlake, Ohio—a premier multi-tenant medical office building totaling 18,940 rentable square feet.
The property is anchored by Spa West, a best-in-class medical spa occupying approximately 87% of the building. Spa West’s space was originally built-to-suit, and the group has operated at this location for over 20 years, underscoring its strong financial stability and long-term commitment. Spa West recently expanded into an additional suite under a new 10- year lease extension, further strengthening the asset’s credit profile and income durability. The balance of the property is leased to a dental practice backed by Shared Practices Group (DSO), under an original 5-year lease and recently early committed to a 5-year extension, totaling +/- 7.5-years remaining with personal guarantees from six principals, adding further security to cash flow.
Strategically located directly across the street from University Hospitals St. John Medical Center, a 190-bed acute care hospital that also houses UH’s Seidman Cancer Center. Additionally, the property is positioned between two of the Cleveland MSA’s premier retail and lifestyle destinations—Crocker Park and Great Northern Mall—and within 10 miles of Cleveland Hopkins International Airport, providing exceptional accessibility and long-term demand drivers.
The building has benefited from meaningful recent capital improvements, including a new roof replacement completed in October 2023, reducing near-term capital expenditure requirements and enhancing long-term operational stability. With its long-term quality tenancy, and irreplaceable location adjacent to a major hospital, 29103 Center Ridge Road offers investors the opportunity to acquire a well-positioned, income-producing healthcare asset in one of Northeast Ohio’s most established submarkets.