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9% CAP: Irreplaceable Investment |Long Leases 6133 Rockside Rd 155,788 SF 91% Leased Office Building Independence, OH 44131 $25,787,255 CAD ($165.53 CAD/SF) 9% Cap Rate



Investment Highlights
- 93% Occupied Asset at Low $117/S.F. Sales Price: Far Below Replacement Value, High 9.00% CAP Rate & Anticipated Year-1 Cash-on-Cash Return of 12.41%
- Irreplaceable Suburban Office Location: Directly Off I-77 (201k Vehicles Per Day) on Renowned Rockside Road Corporate Corridor (31K Vehicles Per Day)
- Dedicated Signalized, Full-Access Entrance w/ Monument Signage | Corridor Home to 800+ Businesses, Hotels, Restaurants, & Professional Service Firms
- Affluent Corporate Trade Area: Average Household Incomes $182k Within 1 Mile, Exceeding $100k Within 3 Miles, & More Than 211k Residents in 5 miles
- Rent Roll Stability: All Anchor Tenants Signed to Long-Term Leases w/ Increase over Base Year Structure w/ Avg. occupancy Over 90% Over Past 10 Years
- Exceptional Tenant Amenities: Modern Fitness Center with Showers, Conference Facilities, Outdoor Patio Areas, Electronic Tenant Directories & Vending
Executive Summary
(CONTACT TO REQUEST FULL OFFERING MEMORANDUM)
• 93% Occupied Asset at Low $117 Per Square Foot Sales Price Far Below Replacement Value, High 9.00% CAP Rate & Anticipated Year-1 Cash-on-Cash Return of 12.41%
• 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
• Future NOI Growth & Upside: Most Tenants Have Annual Rental Increases for Continual Income Growth & Remaining Upside Through Lease-Up of Vacant Units
• Affluent Corporate Trade Area with 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
• 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
• 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
• Great Mix of International, National, & Regional Tenured Tenants with Consistent Renewals
• Modern Tenant Amenities Including Modern Fitness Center with Showers, Conference Facilities, Outdoor Patio Areas, Electronic Tenant Directories, and On-Site Vending
• Several Recent Building Upgrades with Most of Building Mechanical Systems Replaced & Brand New 10-Year Roof Warranties for Both Buildings
• 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
• 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
• Walkable Business Environment Surrounded by Numerous Hotels, Restaurants, Entertainment Venues, and Everyday Conveniences Within the Rockside Road Corporate Corridor
• Minutes from the World-Renowned 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)
• 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
• Surrounded by Affluent and Established Cleveland Suburbs Including Independence, Brecksville, Broadview Heights, Seven Hills, and Parma, Providing a Strong Executive Housing Base and Highly Educated Workforce
• 93% Occupied Asset at Low $117 Per Square Foot Sales Price Far Below Replacement Value, High 9.00% CAP Rate & Anticipated Year-1 Cash-on-Cash Return of 12.41%
• 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
• Future NOI Growth & Upside: Most Tenants Have Annual Rental Increases for Continual Income Growth & Remaining Upside Through Lease-Up of Vacant Units
• Affluent Corporate Trade Area with 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
• 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
• 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
• Great Mix of International, National, & Regional Tenured Tenants with Consistent Renewals
• Modern Tenant Amenities Including Modern Fitness Center with Showers, Conference Facilities, Outdoor Patio Areas, Electronic Tenant Directories, and On-Site Vending
• Several Recent Building Upgrades with Most of Building Mechanical Systems Replaced & Brand New 10-Year Roof Warranties for Both Buildings
• 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
• 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
• Walkable Business Environment Surrounded by Numerous Hotels, Restaurants, Entertainment Venues, and Everyday Conveniences Within the Rockside Road Corporate Corridor
• Minutes from the World-Renowned 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)
• 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
• Surrounded by Affluent and Established Cleveland Suburbs Including Independence, Brecksville, Broadview Heights, Seven Hills, and Parma, Providing a Strong Executive Housing Base and Highly Educated Workforce
Financial Summary (Actual - 2027) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$2,319,833
|
$30.30
|
Financial Summary (Actual - 2027)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $2,319,833 |
| Annual Per SF | $30.30 |
Property Facts
Sale Type
Investment
Property Type
Building Size
155,788 SF
Building Class
B
Year Built/Renovated
1981/2025
Price
$25,787,255 CAD
Price Per SF
$165.53 CAD
Cap Rate
9%
NOI
$2,319,833 CAD
Percent Leased
91%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
19,474 SF
Slab To Slab
9’
Building FAR
0.48
Lot Size
7.50 AC
Zoning
C-1
Parking
300 Spaces (1.93 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Conferencing Facility
- Fitness Center
- Food Service
- Property Manager on Site
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- AllerStallings
- -
- 4,821 SF
- -
- -
- CGI
- -
- 5,000 SF
- -
- -
- Cyber Graphics
- -
- 4,957 SF
- -
- -
- Fischer Asset Management
- -
- 6,699 SF
- -
- -
- FleetTeam
- -
- 8,018 SF
- -
- -
- Hazen & Sawyer Attorneys
- -
- 6,245 SF
- -
- -
- Novum Underwriting Partners
- -
- 10,915 SF
- -
- -
- Reliance First Capital / Carrington Mortgage Servi
- -
- 9,306 SF
- -
- -
- Tempo Wealth
- -
- 5,554 SF
- -
- -
- TQL
- -
- 17,400 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| AllerStallings | - | 4,821 SF | - | - | ||
| CGI | - | 5,000 SF | - | - | ||
| Cyber Graphics | - | 4,957 SF | - | - | ||
| Fischer Asset Management | - | 6,699 SF | - | - | ||
| FleetTeam | - | 8,018 SF | - | - | ||
| Hazen & Sawyer Attorneys | - | 6,245 SF | - | - | ||
| Novum Underwriting Partners | - | 10,915 SF | - | - | ||
| Reliance First Capital / Carrington Mortgage Servi | - | 9,306 SF | - | - | ||
| Tempo Wealth | - | 5,554 SF | - | - | ||
| TQL | - | 17,400 SF | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 3rd Fl-Ste 300
- 1,965 SF
- Office
- -
- Now
Suite 307 is 3,236 square feet and has furniture already in place. This "work ready" space is ready for a new user.
- 3rd Fl-Ste 308
- 1,760 SF
- Office
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 3rd Fl-Ste 300 | 1,965 SF | Office | - | Now |
| 3rd Fl-Ste 307 | 3,354 SF | Office | Partial Build-Out | Now |
| 3rd Fl-Ste 308 | 1,760 SF | Office | - | Now |
3rd Fl-Ste 300
| Size |
| 1,965 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
3rd Fl-Ste 307
| Size |
| 3,354 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
3rd Fl-Ste 308
| Size |
| 1,760 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Fl-Ste 307
| Size | 3,354 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
Suite 307 is 3,236 square feet and has furniture already in place. This "work ready" space is ready for a new user.
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 561-22-006 | Improvements Assessment | $1,757,398 CAD (2025) |
| Land Assessment | $478,870 CAD (2025) | Total Assessment | $2,236,268 CAD (2025) |
Property Taxes
Parcel Number
561-22-006
Land Assessment
$478,870 CAD (2025)
Improvements Assessment
$1,757,398 CAD (2025)
Total Assessment
$2,236,268 CAD (2025)
1 of 29
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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9% CAP: Irreplaceable Investment |Long Leases | 6133 Rockside Rd
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